How does LexaGold's staking mechanism work?

LexaGold’s staking mechanism allows users to earn passive income by locking their LEXA tokens in the platform’s staking pools. Here’s how it works:

How LexaGold Staking Works:

1. Choose a Staking Pool

   • Users select a staking pool with different lock-up periods and APYs (Annual Percentage Yields).

   • Options may include flexible staking (withdraw anytime) or fixed staking (higher rewards for longer locks).

2. Stake LEXA Tokens

   • Users deposit LEXA tokens into the staking contract.

   • The smart contract securely locks the tokens for the selected duration.

3. Earn Rewards

   • Rewards are distributed in LEXA tokens based on staked amount, lock-up duration, and pool APY.

   • Longer staking periods yield higher APY due to reward multipliers.

4. Unstaking & Withdrawals

   • After the lock-up period ends, users can unstake their tokens plus earned rewards.

   • Early unstaking may result in a penalty fee or reduced rewards (to discourage quick exits).

Key Features of LexaGold Staking:

✅ Auto-Compounding: Maximizes earnings by reinvesting rewards.
✅ Deflationary Mechanism: 0.1% of every transaction is burned, increasing LEXA’s scarcity.
✅ Multi-Pool System: Different staking options with flexible and fixed lock durations.
✅ DeFi Integration: Potential LP staking (liquidity pool staking) for extra rewards.
✅ AI-Powered Optimization: Future updates may use AI to auto-switch pools for better yields.

Potential Earnings

• Short-Term (Flexible Staking): 5-10% APY

• Mid-Term (3-6 months): 15-25% APY

• Long-Term (1+ year): 30-50%+ APY