OnX Finance
  • What is OnX Finance?
  • Getting Started
    • Litepaper
      • Litepaper (English)
      • Litepaper (Korean)
    • Token Distribution
    • Token Utility
    • Voting and Gauge Weights
    • Tokens, Bridge & Contract address
    • OnX Liquidity Pools
  • Products
    • OnX Staking
    • OnX Farming
      • Ankr & Liquid Staking
      • SushiSwap Liquidity Pool Tokens
      • Farming Tutorial
    • OnX Lending
    • OnX onStable
      • onETH
      • onDOT
      • onSynthetics (legacy)
    • OnX Vaults
    • OnX Insurance Fund
    • Governance
  • Audits and Contracts
    • Token and Farming Contract Audit
    • onSynthetics Audit
    • Lending Audit
    • Alpha Audit
    • Official Contracts
  • Promotions
    • NFT Series 0 Farm for OnX Stakers
    • NFT Alliance Series
  • Frequently Asked Questions (FAQ)
  • Articles
    • Benefits of using OnX Finance Lending
    • Evolution to onSynthetics v2
    • OnX Alpha Vaults
      • OnX Alpha Vaults (Korean)
      • OnX Alpha Vaults (Chinese)
    • 🕳️Introducing the OnX Synthetic Assets Platform (onSynthetics)
    • ONX Staking — Privilege Pool
    • OnX Lending Platform Update
    • Farming Update
    • How to get aETH
    • Staking tutorial for OnX.finance
    • OnX.Finance: Announcing the first ONX Airdrop for ANKR Holders
    • 🕳️OnX Finance: the first DeFi platform for collateralized tokens
Powered by GitBook
On this page

Was this helpful?

  1. Articles

ONX Staking — Privilege Pool

Previous🕳️Introducing the OnX Synthetic Assets Platform (onSynthetics)NextOnX Lending Platform Update

Last updated 4 years ago

Was this helpful?

The ONX Privilege Pool, located at OnX.Finance, allows you to stake your ONX and receive a share of platform fees.

When fees are taken from products on the OnX.Finance platform, a portion of these fees are used to market buy ONX and distribute it to the Privilege Pool. For instance, with lending, a portion of the interest collected will be set aside to market buy ONX which will then be distributed to the Privilege Pool. To start the staking rewards, a 1X farming pool is going to be sending ONX to the staking contract every 12 hours.

The user will be able to see their rewards increase in real time on the UI, and can withdraw it at any time with no fee’s.

What is next?

ONX Lending contract has been completed, and is currently undergoing testing. A community update will come by the end of the week with a tutorial and further detailed explanation of aETH lending. The official release will be after the contract has been audited.

The development team is also currently working on the ONX collateral token swap, including LP tokens, yearn tokens, and ETH 2.0 staked tokens. A portion of all fee’s from the exchange will be paid out to ONX LP providers. More details to come.

📱Social Links:

Website:

Telegram:

Telegram Announcement:

Twitter:

Github:

Discord:

https://onx.finance/
https://t.me/OnXFi
https://t.me/OnXFiNews
https://twitter.com/onxfinance
https://github.com/OnXFinance
https://discord.com/invite/MM2bpxuNPn