Staking and Redemptions

Staking $GRID on the network is done by done by converting $GRID to xGRID.

Staking is designed for participants who wish to stake on-chain and for node validator operators. The longer users stake $GRID, the higher their effective yield becomes. Stakers are encouraged to contribute to the network's growth, participate in governance, and engage in other essential activities, all of which can increase their yield of both xGRID and $GRID tokens.

Staking $GRID for xGRID

When staking $GRID, users can convert it to xGRID at a 1:1 ratio at any time, with no penalties or unlock restrictions.

Redeeming xGRID for $GRID

To convert xGRID back to $GRID, users must go through a redemption process that includes a customizable unlock period. The longer the unlock period chosen by the user, the better the conversion rate from xGRID to $GRID. The redemption rate increases in proportion to the time xGRID has been held, and every redemption results in a portion of xGRID being permanently removed from circulation.