Stake your tokens to access our DAO - accrue voting power with our algorithmic formula.
Staking your KDX
Staking your KDX on eckoDEX unlocks the DAO participation for the user and is simple to do. In this guide, we will walk you through the process of staking KDX, through which you can accrue voting power based on a function of time and your staked amount to participate in governance.
When you participate in the DAO, 0.05% of the accrued from the protocol swapping fees are distributed evenly across stakers to incentivize participation in governance and to accrue voting power.
Let's begin by navigating to the staking section of eckoDEX. Here you will see:
Your current position
Total rewards, and reward unlock time
Analytics covering your % of total staked share, total volume of eckoDEX, and your APR
Your position on the voting curve, and the total amount of voting power you have.
Begin by entering the amount of KDX you wish to stake under the position frame
Next, click stake, and sign the transaction that appears in eckoWALLET
After signing the transaction, confirm that everything is in order, then click confirm.
You will now see your recently staked KDX added to the interface. This page will regularly update with new data regarding the APR, Volume, Voting Power, and Staked Share.