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Levex protocol
  • Introduction of Levex
  • Roadmap
  • LVX token
    • Tokenomics
    • Spec
    • Innovative auto-lp
  • Protocol Overview
    • How Levex Works
    • Margin Trading
    • Liquidation
    • Lending
    • OnDemand Oracle
    • FAQ
  • REWARDS
    • Staking and xLVX
    • Trading and Lending Rewards
    • Referral Program
  • GOVERNANCE
    • Levex Community Council
    • Councilmember Guidelines
    • Ambassador Guidelines
  • DEV
    • Developer Guide
    • Security and Audits
    • Terms of Service
    • Brand Assets
  • Socials
    • Telegram
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  1. REWARDS

Staking and xLVX

PreviousFAQNextTrading and Lending Rewards

Last updated 2 years ago

xLVX is the governance token for Levex. Users receive xLVX as a receipt for providing LVX-USDC liquidity on a designated partner DEX and subsequently staking their LP tokens on Levex into a time-escrowed contract.

Users may choose to lock their LP tokens for a minimum period of two weeks up to four years. Users who lock for the maximum duration (4 years) will receive 436% xLVX compared to those who lock for the minimal duration (2 weeks).

xLVX encourages active liquidity provisioning for LVX and directly aligns token holders with the protocol’s interest over a longer time horizon.

xLVX holders will get the following benefits and privileges:

  • Receive 30% of generated trading fees from the epoch, and extra $$$ for the first epoch. The accumulated fees will buy LVX from the open market for the 7 days after the end of each epoch, then distribute equally to xLVX holders.

  • Receive more LVX tokens, further increasing the field for LP locking.

  • Up to 20% earning boost on your lending and trading according to the LP value locked and the time left to unlock.

  • Participate in governance for incentive distribution, so you can vote for your favorite pairs to enjoy LVX rewards.