DeFi

Planet IX IXT Staking Dashboard enables holders to claim additional rewards by providing liquidity for, and locking up, IXT tokens. On https://ix.foundation holders can choose to stake their IXT to 4 different lock-up periods to secure the long term stability of the ecosystem. For different reward payouts, IXT holders can stake for 1, 3, 6 or 12 months, all carrying different weight distributions. The longer IXT is staked, the more rewards will be paid out after the lockup period ends. Staking IXT for longer periods stabilizes the token volatility and promotes a stable and consistent price appreciation. There is 24,000,000 IXT allocated to be used as staking rewards over the next 4 years. The result of this allocation is 533,333 IXT every month which will be awarded to players who stake their IXT in an ascending monthly table. Additionally, players who provide liquidity to the most traded pools are able to stake their liquidity tokens to earn more staking rewards for being stakeholders in the liquidity pools provided on decentralized exchanges. Currently the PlanetIX team provides liquidity for the biggest pools on Quickswap (the biggest decentralized exchange on Polygon), Polygon’s Sushiswap, as well as LBank’s centralized IXT/USDT pool. Providing pools for holders to trade from IXT to USDT reinforces Planet IX commitment to their player base and investors. Any holders of IXT are free to provide their own pools on any decentralized exchange as they see fit. Providing liquidity on various DEXes is in fact encouraged by the team and the community as it will bootstrap trading across different exchanges, incentivize participation, drive overall volume and allow IXT to be a more broadly acknowledged asset. In the future, the team plans to set up additional pools on the most significant centralized exchanges.