Question 1

What is Phemex On-Chain Earn?

Accepted Answer

Phemex On-Chain Earn is an easy-to-use staking service that lets you earn rewards by staking your crypto directly on the blockchain from your Phemex account. We handle the complexities—gas fees, validator/node operations, and reward distribution—so you can stake leading PoS assets like ETH and SOLin just a few clicks. Enjoy flexible staking with the option to unstake anytime, with transparent on-chain tracking and exchange-grade security. Grow your assets effortlessly while helping secure and decentralize blockchain networks with Phemex On-Chain Earn.

Question 2

Where do staking rewards come from?

Accepted Answer

Rewards come from new token issuance (“inflation”) and a share of network transaction fees. By staking, you help secure the chain and receive a proportional share of these on-chain rewards. APR is dynamic and changes with factors like total staked, network inflation, validator performance, and fee volume. Phemex displays an expected APR for each asset; actual returns may vary.

Strategy-specific sources:
- Liquid staking (e.g., stETH/wstETH, JitoSOL): Consensus/validator rewards; some of the pools (Like Jito protocol) also share MEV revenue. Rewards accrue via a rising exchange rate; your token count stays the same but redeems for more underlying.
 
- Restaking LRTs (e.g., xstETH): Base Lido staking yield plus extra incentives from AVSs (and occasionally program points).
 
-Delta-neutral stablecoin yield (e.g., sUSDe): Harvests funding-rate carry (hedged perps), reflected in a higher sUSDe→USDe exchange rate over time.

Question 3

Is there any risk associated with Phemex On-Chain Earn?

Accepted Answer

Yes. On-chain strategies involve risks. Key ones include:
- Smart-contract & protocol risk: code bugs, governance changes, oracle issues.
 
- Validator/MEV variability: staking and MEV income can fluctuate; slashing risk (typically diversified by pools).
 
- Liquidity & exit risk: some strategies may have exit queues, epoch timings, or on-chain liquidity slippage.
 
- Peg/price risk: LST/LRT exchange rates versus, and stablecoin model risks for USDe-type assets.
 
- Bridging / network risk: L2 or cross-chain routes introduce additional operational risk.

Phemex conducts due diligence and integrates only selected protocols, but principal is not guaranteed. Please assess your risk tolerance.

Question 4

What is points APR in On-Chain Earn?

Accepted Answer

Points APR represents the estimated annualized rate of platform or partner points (not cash or real assets at the moment). Points typically accrue based on the USD value of your staked assets and a program rate. They may later convert to benefits (e.g.,token airdrops after TGE) for other third party protocol.

Note: Points value is not guaranteed and may change with program terms.

Question 5

How is protocol's APR determined and calculation?

Accepted Answer

The staking APR changes dynamically based on on-chain staking rewards. It is influenced by factors such as total asset staked, the network's inflation rate, and transaction volume. Phemex provides transparent information on the expected APR for each supported asset, helping you make informed decisions.

Important: Displayed APRs are estimates, not promises. Actual returns vary with market conditions, validator performance, funding rates, liquidity, and protocol fees.

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