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50640**
10/08 15:16
What are GMX's staking requirements?
I am curious about GMX's staking requirements. Can you provide me with information on what is needed for staking with GMX?
#Crypto FAQ
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50640**
It's interesting to see the buzz around GMX, but I can't help but wonder if the staking requirements are really as straightforward as they seem
2025-01-23 07:50ReplyLike
50640**
Hey there, crypto enthusiasts So, you wanna know about GMX's staking requirements? Here's the lowdown: GMX allows you to stake both regular GMX tokens and their staked equivalent, esGMX. Here’s how it works: Staking esGMX: You can stake esGMX tokens, which are essentially locked GMX tokens. These tokens are vested over a period of one year to become actual GMX tokens. Rewards: Each staked esGMX token earns rewards in both GMX and ETH/AVAX, similar to regular GMX tokens. Multiplier Points: Staking GMX or esGMX earns Multiplier Points at a fixed rate of 100% APR. These points can be staked for fee rewards, earning ETH/AVAX at the same rate as regular GMX tokens. So, to sum it up, staking on GMX is pretty straightforward. You can stake either regular GMX or its staked version, esGMX, and earn rewards over time. Happy staking
2025-01-23 07:50ReplyLike