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  • Introduction
  • Network
    • SXP
    • Staking
    • Governance
    • API
  • Swap
    • Smart Contract
      • Implement a Swap
      • Providing Liquidity
      • Building an Oracle
      • Flash Swaps
      • Pair Addresses
      • Supporting meta transactions
    • Subgraph API
      • Exchange
        • Entities
        • Queries
      • MasterChef
        • Entities
        • Queries
    • Reference
      • Smart Contracts
  • Swipechain
    • Introduction
    • Swipe Nodes
      • Churn
      • Bitfrost
      • Transactions
      • Continuous Liquidity Pools
      • Incentivizes
      • Governance
    • Run SwipeChain
      • Build on Source Code
      • Build with Script
    • Developers
      • How to contribute
      • Connecting to SwipeNode
  • Staking
  • Staking Details
    • Swipe Network
    • SXP Bonding
    • Unbond SXP
  • Metamask
    • Add Swipe Token
    • Deposit SXP
    • Connect MetaMask
    • Stake SXP
  • Trust Wallet
    • Add Swipe Token
    • Deposit SXP
    • Connect Trust Wallet
    • Stake SXP
  • Ledger
    • Connect Ledger
    • Add Swipe Token
    • Deposit SXP
    • Connect to Swipe
    • Stake SXP
  • View your Rewards
  • Claim Your Rewards
  • Governance
    • Vote
    • Proposals
  • FAQ
    • Frequently Asked Questions
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  1. Network

Staking

Swipe Network staking details and information.

The Swipe Network is a decentralized finance application that enables users to bond Swipe Token (SXP) to a smart contract to guarantee the conversion rates between crypto-to-fiat. The way this is performed is that each conversion that occurs on the Swipe Payment rails occurs in real-time. SXP is then held as a bond between the conversion to guarantee the conversion from crypto to fiat on the payment networks.

Users who stake SXP and bond it to the Swipe Network will receive their proportionate share of the Network Rewards currently set at 20,000 SXP per day. This number is dynamic and can be controlled later through the Swipe Governance protocol.

Swipe Network collateral bonded is controlled only by the supplier as the smart-contract has no administrative control over your funds. Users are able to supply and withdraw SXP collateral on-demand.

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Last updated 4 years ago

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