Staking

The staking feature will be providing an APR of 10%.

In conjunction with our “OXB’S SPECIAL SIZZLING STAKE” event, if you stake between 14 Oct 2022, 1600UTC - 17 Oct 2022, 1559UTC, you will get 100% boosted APR for 3 days!

Once staked, you are subjected to 30 days timelock upon withdrawal, please read the section below for more information.

Unstake

As a safety mechanism to protect the community from “Post-IDO Dump” and promote long term support for both OXB and launched projects, a 30 days timelock will be activated upon unstake. Unstakers will:

• Be forfeited from IDO qualification, hence unable to contribute in project.

• Not able to claim tokens even you had contributed, if unstake is performed before TGE.

• Be able to withdraw their tokens in full amount after 30 days have elapsed since unstaking first initiated.

• Be charged a 30% penalty of the total staked amount, if the unstaker decides to withdraw before the 30 days timelock is completed. For instance, you can only withdraw 70% of initial total staked amount during withdrawal.

Harvest

Harvest is the action when you claim your reward from the staking pool. The reward is being distributed according to the APY and amount of your stake, and upon harvesting your stake is unaffected.

You are welcome to harvest at all times, but do note that gas fee for transaction will still incur. Rewards are accumulated, hence there’s no difference in OXB amount received between harvesting at the end of the week and harvesting daily. However, the former will have better efficiency as less gas fee was spent (one transaction vs 7 transactions).

Reward tokens will go directly and instantly into your wallet upon harvesting.