diff --git a/docs/powfi/faq.md b/docs/powfi/faq.md index 78d1bc52..5ebf2684 100644 --- a/docs/powfi/faq.md +++ b/docs/powfi/faq.md @@ -4,7 +4,27 @@ title: FAQ sidebar_label: FAQ --- -## **How do staking rewards work?** +## **DEX** + +## **ALPH Staking** + +### What is xALPH? + +xALPH is a liquid representation of staked ALPH. + +Mainnet xALPH token ID: [6dc961b59aae53c768fe6f608e6bea30f6747041af3fd800c8c6533766e54f00](https://explorer.alephium.org/tokens/6dc961b59aae53c768fe6f608e6bea30f6747041af3fd800c8c6533766e54f00) + +Mainnet xALPH staking contract: [225WevmFp5ZgzPsyVJTvyp2v2uyKrvp329HfrVmzffnWj](https://explorer.alephium.org/addresses/225WevmFp5ZgzPsyVJTvyp2v2uyKrvp329HfrVmzffnWj) + +When you stake ALPH: + +**ALPH → locked ALPH → xALPH** + +Each xALPH is backed by locked ALPH and represents your staked position. + +xALPH does not replace ALPH. It lets you use your staked position in supported pools and applications while the underlying ALPH stays locked. + +### How do staking rewards work? Rewards deposited into the xALPH contract increase the ALPH backing each xALPH. @@ -20,7 +40,7 @@ Rewards come from: The exact APR will change over time depending on network activity, protocol fees and on-going campaigns. -## **Why does xALPH increase in value?** +### Why does xALPH increase in value? As staking rewards accumulate, the amount of ALPH backing xALPH increases. @@ -32,7 +52,7 @@ In simple terms: The conversion rate changes whenever ALPH rewards are deposited into the xALPH contract. No separate ALPH payment is sent to holders; each xALPH becomes backed by more ALPH. -## **How can I use xALPH?** +### How can I use xALPH? xALPH keeps your staked position liquid where xALPH is explicitly supported. @@ -40,7 +60,7 @@ You can use xALPH for activities such as: - Swapping xALPH and ALPH on Powfi. -- Providing liquidity in Powfi's ALPH/xALPH pool. +- Providing liquidity in Powfi’s ALPH/xALPH pool. - Using xALPH in another application only when that application explicitly supports it. @@ -48,11 +68,11 @@ You can use xALPH for activities such as: xALPH does not automatically work in every DeFi application. -## **Can I convert xALPH back to ALPH?** +### Can I convert xALPH back to ALPH? Yes. There are two ways to convert xALPH back to ALPH. -### **Official unstaking** +#### **Official unstaking** You can use the official **Unstaking** process. @@ -62,7 +82,7 @@ You can use the official **Unstaking** process. - Your ALPH becomes claimable linearly during the unlock period. -### **DEX** +#### **DEX** You can also swap xALPH for ALPH through a DEX such as Powfi. @@ -72,7 +92,7 @@ You can also swap xALPH for ALPH through a DEX such as Powfi. - The amount you receive depends on available liquidity and slippage. -## **xALPH and ALPH conversion rate** +### xALPH and ALPH conversion rate At launch, the conversion rate starts at: @@ -80,26 +100,10 @@ At launch, the conversion rate starts at: The conversion rate changes whenever ALPH rewards are deposited into the xALPH contract. xALPH holders do not receive a separate ALPH payment; each xALPH becomes backed by more ALPH. -## **What happens to my ALPH when I stake?** +### What happens to my ALPH when I stake? Your ALPH is locked in the Powfi staking system. You receive xALPH in return, which represents your staked position. The underlying ALPH remains locked while xALPH gives you a liquid representation that can be used in supported pools and applications. - -## **Important things to remember** - -- Staking locks your underlying ALPH. - -- xALPH represents your staked ALPH. - -- The Staking APR is an estimate and can change over time. - -- The value represented by each xALPH can increase as rewards accumulate. - -- Official unstaking has a 30-day unlock period. - -- Swapping xALPH for ALPH on a DEX such as Powfi is subject to market price, liquidity, and slippage. - -- Keep some ALPH available in your wallet for transaction fees. diff --git a/docs/powfi/stake.md b/docs/powfi/stake.md index a796c90b..8ad7afe2 100644 --- a/docs/powfi/stake.md +++ b/docs/powfi/stake.md @@ -14,7 +14,7 @@ Stake ALPH and receive xALPH. When you stake ALPH, it becomes locked in the Powfi staking system and xALPH is minted to represent your staked position. -**What you'll have after staking:** +**What you’ll have after staking:** - Your ALPH is locked in the staking system. @@ -80,18 +80,18 @@ At mainnet launch: Over time, staking rewards accumulate to the underlying staked ALPH, increasing the amount of ALPH represented by each xALPH. -## **What is xALPH?** +## **Important things to remember** -xALPH is a liquid representation of staked ALPH. +- Staking locks your underlying ALPH. -Mainnet xALPH token ID: [6dc961b59aae53c768fe6f608e6bea30f6747041af3fd800c8c6533766e54f00](https://explorer.alephium.org/tokens/6dc961b59aae53c768fe6f608e6bea30f6747041af3fd800c8c6533766e54f00) +- xALPH represents your staked ALPH. -Mainnet xALPH staking contract: [225WevmFp5ZgzPsyVJTvyp2v2uyKrvp329HfrVmzffnWj](https://explorer.alephium.org/addresses/225WevmFp5ZgzPsyVJTvyp2v2uyKrvp329HfrVmzffnWj) +- The Staking APR is an estimate and can change over time. -When you stake ALPH: +- The value represented by each xALPH can increase as rewards accumulate. -**ALPH → locked ALPH → xALPH** +- Official unstaking has a 30-day unlock period. -Each xALPH is backed by locked ALPH and represents your staked position. +- Swapping xALPH for ALPH on a DEX such as Powfi is subject to market price, liquidity, and slippage. -xALPH does not replace ALPH. It lets you use your staked position in supported pools and applications while the underlying ALPH stays locked. +- Keep some ALPH available in your wallet for transaction fees.