ORX Fee Sharing Pool (ORX Staking)

A description of the fee accrual mechanism for ORX stakers within the USDx system.

ORX Staking

All of the revenue USDx makes is diverted to ORX stakers. By staking ORX you are entitled to a pro-rata share of all fees. To start staking all you need to do is deposit your ORX tokens to the ORX staking contract. Once done you will start earning a pro-rata share of the borrowing and redemption fees in USDx and all Collateral types supported by the protocol. Your ORX stake will earn a share of the fees equal to your share of the total ORX staked, at the instant the fee occurred.

Is there a lock-up period?

No, you can withdraw your staked funds at any time.

Fees are collatected every time you add to/remove from your stake.

Are staked ORX tokens used for protocol bailouts (like in Maker) or for governance?

No, staked ORX are not used to backstop USDx, and are not used for governance as there is no USDx governance layer (yet).