The emergence of DeFi is phenomenal; it opened up multiple finance-based products to the public, allowing them to partake in yield generation. In addition to this, staking has also emerged within DeFi, rewarding users who contribute liquidity to the protocol. In this context, Dexlyn, the Supra Network primary DEX, has established a distinct and profitable LP staking strategy. This blog focuses on how Dexlyn’s tiered staking contracts truly grant users the ability to earn more while maintaining a healthy trading ecosystem. Decoding Dexlyn: The Supra Network Primary DEX Compared to other DEXs, Dexlyn’s gas fees are lower. With premium-grade security, seamless trading, and unparalleled cross-chain liquidity access, it makes it super handy to operate directly on the Supra Network. Moreover, all users can take advantage of Dexlyn’s advanced capabilities: automated market creation, real-time analytics telemetry, and a dynamic trader dashboard. With such capabilities, traders can better position themselves and advance their edge in the market. Further, as the greater DeFi ecosystem evolves, so will decentralized trading, spearheaded by Dexlyn. What is LP Staking on Dexlyn? Essentially, LP Staking allows users to effectively “stake” or lock their liquidity provider (LP) tokens — earned from Dexlyn’s pools — to earn extra profits on top of trading fees — also called rewards. On Dexlyn, only the LP tokens from SUPRA-dexUSDC pool are allowed for staking. This approach gives participants an opportunity to capture lucrative rewards while also ensuring great SPREAD for the platform’s flagship trading pair. How Dexlyn’s LP Staking Works: Structure and Mechanics Dexlyn uses a three-pool system approach for its staking model that has been designed around the concepts of participation and maximized rewards: Level of each pool is differentiated by APY, maximum achievable limit of LP tokens and lock up durations on yields. Daily Reward Calculation: Any earned tokens will be allocated once every 24 hours, influenced by the balance of staked LP tokens. Lock in Period: Staked LP Tokens must achieve a 3 month lock period, no early withdrawal allowed. The Staking Journey: Step-by-Step Guide Add Liquidity, supply assets to the SUPRA-dexUSDC pool and get LP tokens in return. Choose a Pool: From the DashBoard select which pool to stake based on its APY and capacity. Stake LP Tokens: Through DashBoard deposit you LP tokens in the selected pool. Monitor Rewards: Rewards and pool status can be viewed in real time. Withdraw & Claim: After three months period you may withdraw your LP tokens and claim your rewards (note: rewards are finalized 24 hours after you stake). Real Time Dashboard: Accessing balances, rewards and overall staked amounts as well as the pools tendered can be done at any moment seamlessly. Cross Chain Capabilities: Built for scaling, Dexlyn’s architecture is primed for future multi-chain staking pools. What’s makes Dexlyn’s Staking Particularly Unique In contrast to the rest of DEX’s staking, Dexlyn is offering structure pools that have: Set Reward: Clarity and confidence comes from fixed APY and duration. Balanced Reward: With sequential pools, there is no reward dilution and this drives long-term participation. Ecosystem Development: Staking helps Dexlyn’s liquidity and all participants gain value, while also reinforcing the Supra Network. Frequently Asked Questions (FAQ) Que. Can I stake LP tokens from other pools? Ans. At the moment, only tokens from the SUPRA-dexUSDC LP are available. Que. What if I do not make it in time for a pool’s start time? Ans. You can wait for the next pool to open and then join. Que. How are rewards calculated? Ans. Daily rewards are provided on a daily basis depending on the amount of the pool that is allocated that you have staked along with other participants. Que. What are the risks? Ans. The risks include impermanent loss and not being able to make a withdrawal during the lock in period. The groundbreaking LP staking framework of Dexlyn provides an unmatched level of earning potential for liquidity providers looking for fluid earnings. The more liquidity you withhold, the more you hold, while also contributing to the development of a next generation DeFi platform. With your liquidity primed and ready for action, is the time now? Join Dexlyn to begin staking today and be a part of the evolution of decentralized finance! Hold More, Earn More: Dexlyn’s Rewarding Staking Experience was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this storyThe emergence of DeFi is phenomenal; it opened up multiple finance-based products to the public, allowing them to partake in yield generation. In addition to this, staking has also emerged within DeFi, rewarding users who contribute liquidity to the protocol. In this context, Dexlyn, the Supra Network primary DEX, has established a distinct and profitable LP staking strategy. This blog focuses on how Dexlyn’s tiered staking contracts truly grant users the ability to earn more while maintaining a healthy trading ecosystem. Decoding Dexlyn: The Supra Network Primary DEX Compared to other DEXs, Dexlyn’s gas fees are lower. With premium-grade security, seamless trading, and unparalleled cross-chain liquidity access, it makes it super handy to operate directly on the Supra Network. Moreover, all users can take advantage of Dexlyn’s advanced capabilities: automated market creation, real-time analytics telemetry, and a dynamic trader dashboard. With such capabilities, traders can better position themselves and advance their edge in the market. Further, as the greater DeFi ecosystem evolves, so will decentralized trading, spearheaded by Dexlyn. What is LP Staking on Dexlyn? Essentially, LP Staking allows users to effectively “stake” or lock their liquidity provider (LP) tokens — earned from Dexlyn’s pools — to earn extra profits on top of trading fees — also called rewards. On Dexlyn, only the LP tokens from SUPRA-dexUSDC pool are allowed for staking. This approach gives participants an opportunity to capture lucrative rewards while also ensuring great SPREAD for the platform’s flagship trading pair. How Dexlyn’s LP Staking Works: Structure and Mechanics Dexlyn uses a three-pool system approach for its staking model that has been designed around the concepts of participation and maximized rewards: Level of each pool is differentiated by APY, maximum achievable limit of LP tokens and lock up durations on yields. Daily Reward Calculation: Any earned tokens will be allocated once every 24 hours, influenced by the balance of staked LP tokens. Lock in Period: Staked LP Tokens must achieve a 3 month lock period, no early withdrawal allowed. The Staking Journey: Step-by-Step Guide Add Liquidity, supply assets to the SUPRA-dexUSDC pool and get LP tokens in return. Choose a Pool: From the DashBoard select which pool to stake based on its APY and capacity. Stake LP Tokens: Through DashBoard deposit you LP tokens in the selected pool. Monitor Rewards: Rewards and pool status can be viewed in real time. Withdraw & Claim: After three months period you may withdraw your LP tokens and claim your rewards (note: rewards are finalized 24 hours after you stake). Real Time Dashboard: Accessing balances, rewards and overall staked amounts as well as the pools tendered can be done at any moment seamlessly. Cross Chain Capabilities: Built for scaling, Dexlyn’s architecture is primed for future multi-chain staking pools. What’s makes Dexlyn’s Staking Particularly Unique In contrast to the rest of DEX’s staking, Dexlyn is offering structure pools that have: Set Reward: Clarity and confidence comes from fixed APY and duration. Balanced Reward: With sequential pools, there is no reward dilution and this drives long-term participation. Ecosystem Development: Staking helps Dexlyn’s liquidity and all participants gain value, while also reinforcing the Supra Network. Frequently Asked Questions (FAQ) Que. Can I stake LP tokens from other pools? Ans. At the moment, only tokens from the SUPRA-dexUSDC LP are available. Que. What if I do not make it in time for a pool’s start time? Ans. You can wait for the next pool to open and then join. Que. How are rewards calculated? Ans. Daily rewards are provided on a daily basis depending on the amount of the pool that is allocated that you have staked along with other participants. Que. What are the risks? Ans. The risks include impermanent loss and not being able to make a withdrawal during the lock in period. The groundbreaking LP staking framework of Dexlyn provides an unmatched level of earning potential for liquidity providers looking for fluid earnings. The more liquidity you withhold, the more you hold, while also contributing to the development of a next generation DeFi platform. With your liquidity primed and ready for action, is the time now? Join Dexlyn to begin staking today and be a part of the evolution of decentralized finance! Hold More, Earn More: Dexlyn’s Rewarding Staking Experience was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story