MATICX
Last updated
Last updated
What is MATICX?
MATICX is a token that represents your share of the total MATIC pool deposited with Stader. As soon as you deposit MATIC on the Stader smart contract, you receive newly minted MATICX, based on the exchange rate at the time of staking. As the MATIC rewards get added the value of MATICX increases (w.r.t MATIC) To illustrate the above explanation, is a video.
What is the MATICX exchange rate and how does it change?
The exchange rate represents the total value of the Stake Pool for every MATICX in circulation
At launch, the MATICX exchange rate is initialized to 1. When rewards are added to the pool, the MATICX: MATIC exchange rate will increase.
How many MATICX will I get after staking MATIC?
You will receive MATICX tokens equal to the amount of MATIC staked divided by the exchange rate.
Is the MATICX token automatically associated? Yes, the Stader smart contracts associate MATICX with the user wallet, whenever staking occurs.
Where can I use MATICX?
We have worked on an extensive list of partnerships which will support MaticX. The spectrum of partners will include DEXs, yield farming, lending/borrowing and more. The following list of partners are live or will go live over the coming week(s):
MaticX lending/borrowing on Market.xyz (coming soon), QiDao (coming soon)
Many more to come!
You can read about the mechanics of MaticX in our explainer .
MaticX Liquidity Pools on , Balancer (coming soon)
MaticX yield farming on , Autofarm (coming soon)
