Send a few dozen dollars of ETH to cover gas fees to stake
Go to the ETHEREUM blockchain
Select "stake"
Select $OMNIX
Choose the amount of $OMNIX to stake
Choose the duration of the staking
Stake and in return receive $veOMNIX
Reward Distribution Mechanism
Our reward distribution operates on a real yield basis. Every x hours, 50% of the fees collected by the Bot and 50% of the tax from token sales are pooled into the splitter pool. The splitter pool then redistributes all the tokens to the stakers based on the proportion of $OMNIX they have staked. In simple terms, the more $OMNIX you stake AND the longer you stake it to get a multiplier bonus, the greater your share of the redistributed rewards.
Dynamic APR Calculation
In our current version, the Annual Percentage Rate (APR) fluctuates based on several factors, including the fees collected by the bot, transactions involving our token, and the total number of stakers. We are working on an upcoming update that will provide real-time visibility into the current APR on the bot. This enhancement aims to offer users more transparency regarding the potential returns on their staked assets.
Flexibility in Staking Duration
When you stake your tokens, you have the option to choose the lock-in duration, ranging from 0 to 365 days. The lock-in period is customizable according to your preference. Additionally, the longer you decide to lock your tokens, the greater the bonus you receive on your staking, ranging from 1 to 3. This flexibility allows you to tailor your staking strategy based on your individual preferences and investment goals.
Choosing Your Lock-in Duration
The longer you lock in your $OMNIX, the higher the bonus multiplier you receive from the protocol (ranging from 1 to 3). This bonus multiplier significantly increases the dividends you can earn.
Example:
Staking $1,000 for 0 days results in the protocol considering your staked amount as exactly $1,000.
However, if you lock up $1,000 OMNIX for 1 year, the protocol will apply a 3x bonus multiplier. This means you'll receive dividends equivalent to someone who has staked $3,000 OMNIX for 0 days.
Unlocking Staked Tokens
Once your tokens are locked, you have the option to unlock them, but it comes with a penalty. The penalty is progressive, meaning it decreases the longer you wait to unlock. The penalty is calculated using the formula:
