💫VRTX Staking
Learn how to acquire and stake VRTX tokens on Vertex.
Contents:
What is VRTX Staking?
How to Acquire VRTX.
How to Stake VRTX.
The VRTX Staking Page.
How to Unstake VRTX.
What is VRTX Staking?
VRTX is the native token of the Vertex Edge ecosystem. Staking aligns users with Vertex by allowing token holders to share in the protocol’s growth.
A percentage of the fees generated by Vertex Edge deployments is redirected to VRTX stakers.
The fees are used to purchase VRTX tokens and distribute them to the staking pool every 7 days.
Token holders stake VRTX to own a pro-rata share of the staking pool.
As VRTX rewards are distributed to the pool, each staker’s position auto-compounds.
VRTX Staking is currently only offered on Arbitrum.
How to Stake VRTX
Stake VRTX on the Vertex app in a few simple steps.
NOTE: Currently, users can only stake VRTX directly from your wallet. If you have VRTX in your Vertex trading account, you will need to withdraw the VRTX tokens to your wallet before staking.
Click on VRTX in the navigation menu to open the VRTX page.
Click on the [Stake] to open the staking pop-up.
Enter the amount of VRTX you wish to stake.
Click on [Stake].
Sign the transaction in your wallet.
How to Unstake VRTX
To unstake your VRTX, simply:
Click on the [Unstake] button in your Actions card.
Choose your unstaking method: standard or instant (details below).
Review the summary.
Click on the [Unstake] button.
Sign the transaction in your wallet.
Standard Unstake: Receive 100% of your staked VRTX after a 21-day unlocking period.
Instant Unstake: Receive 90% of your staked VRTX immediately. The other 10% is burned.
Claim Unlocked VRTX: Simply click the [Claim] button on the VRTX page of the Vertex app.
NOTE: You can only unstake your entire Staked Balance of VRTX. There are NO PARTIAL unstakes.
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