XDC Masternode Vaults
Last updated
Last updated
XDC Masternode Vaults are specialized staking Vaults designed for users with a minimum of 10 million $XDC tokens who wish to operate an XDC masternode. These Vaults simplify the process of running a masternode, managing rewards, and covering operational expenses, while also providing liquidity through $pstXDC tokens.
XDC Masternode Vaults function similarly to standard XDC Vaults but are exclusively for users with 10M $XDC required to mint the Vault. These Vaults allow users to stake $XDC, operate a masternode, and earn 7.65% APY from the masternode rewards. Additionally, when staking 10M $XDC, users receive 10M $pstXDC in their wallet, enabling liquidity through liquid staking derivatives.
Mint an XDC Masternode Vault:
Users with 10M $XDC can mint an XDC Masternode Vault, represented as an NFT that manages the staked tokens.
Receive Liquid Staking Tokens:
When you stake 10M $XDC into the Vault, the system automatically mints 10M $pstXDC and sends it to your wallet.
$pstXDC serves as proof of your staked tokens and can be freely used in the ecosystem, such as in DeFi protocols, without affecting your masternode rewards.
Earn Masternode Rewards:
Your staked $XDC generates rewards at 7.65% APY, distributed proportionally to your Vault balance.
The platform retains 0.35% of the 8% APY to cover hosting and operational fees.
Liquidity Through $pstXDC:
$pstXDC tokens maintain a 1:1 ratio with staked $XDC, allowing users to use their tokens in DeFi applications while still earning masternode rewards.
$pstXDC can be traded, staked in other protocols, or redeemed for the underlying $XDC.
Redeem Your $XDC:
To exit, click the Request Withdraw XDC button. This resigns the masternode and initiates the withdrawal process.
After a 32-day waiting period, your $XDC, along with any rewards, will be available for redemption.
Redeeming $XDC burns the corresponding $pstXDC tokens.
Liquid Staking:
Users receive 10M $pstXDC for every 10M $XDC staked, providing liquidity and flexibility while maintaining staking rewards.
Transparent Rewards:
Earn 7.65% APY directly from masternode operations. Rewards are automatically credited to the Vault and visible on the platform dashboard.
No Hosting Hassles:
The platform handles hosting and operational management, deducting a minimal 0.35% APY from the total rewards.
Effortless Withdrawal Process:
Users can easily resign their masternode and withdraw their $XDC in 32 days, ensuring a smooth exit.
Mint an XDC Masternode Vault:
Ensure you have 10M $XDC in your wallet.
Access the staking platform and mint an XDC Masternode Vault NFT.
Confirm the transaction to lock your $XDC into the Vault.
Receive $pstXDC Tokens:
After staking, 10M $pstXDC will be minted and sent to your wallet.
Use $pstXDC Tokens:
Utilize $pstXDC in DeFi protocols while your staked $XDC continues to generate rewards.
Track Rewards:
Log into the platform dashboard to monitor rewards from your masternode stake.
Withdraw Your $XDC:
To withdraw, redeem your $pstXDC and initiate the Request Withdraw XDC process.
Wait 32 days to complete the withdrawal and receive your original $XDC and accrued rewards.
