The Phemex Launchpool is an exclusive service that periodically features select tokens offering higher than normal staking APYs.
The duration, rewards, and available methods to stake will vary for each token campaign. For example, our Revo Launchpool lasted for 7 days and only allowed REVO staking for REVO rewards. Our NEAR Launchpool has a 14-day duration and offers NEAR, USDT, and USDC staking for different ratios of NEAR rewards.
Ultimately, the service is as simple as clicking a single button to stake/lock a specific token and begin earning superior staking rewards.
For a step-by-step guide on to use the service, please read “How do I Stake Tokens on Phemex’s Launchpool?”
Rules and Calculations
- Every hour, Phemex takes the minimum staking assets of a launchpool’s participants as valid deposit assets and calculates rewards based on this.
- Assuming you stake token α to earn new token β, your hourly earnings (β) = (the amount of α you staked in the α pool / the total number of α staked in the α pool by all participants) * β per hour prize pool. Exact earnings will be based on the amount sent to your spot wallet.
- Each pool’s annual percentage yield (APY) and total pool balance will be updated every hour.
- Users can lock and unlock staked tokens at any time during a campaign. You can check your reward tokens in your spot wallet (updated every hour).
- When all tokens in a pool have been mined, the assets of all participants will automatically return to their spot wallets. However, unclaimed rewards must be manually claimed on the Launchpool page.
Please carefully review any additional rules or restrictions associated with each specific token campaign on the Launchpool page or the relevant Announcement page.
