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On this page
  • Distribution of protocol fees
  • Dividend module
  • Staking Steps
  • Staking period
  • Enhanced voting power
  • Extra rewards
  • EXA buybacks
  • Early withdrawals
  • Overstay
  • Initial parameters
  • Estimated Staking APR
  • Math Notes and Audits

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  1. Governance
  2. Exactly Protocol (EXA)

EXA Staking Program (stEXA)

The EXA Staking Program enables EXA token holders to get treasury fees and gain additional voting power by staking their EXA tokens.

PreviousEscrowedEXA (esEXA)NextThe Exa App

Last updated 4 months ago

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Distribution of protocol fees

The protocol's treasury fees will be partly allocated to the Staking Program. A specified fraction (providerRatio) of these fees will be assigned to the staking pool, with an initial parameter of 0.5 (50% of the fees). The rest of the fees go to .

Dividend module

Users who stake their EXA tokens will receive dividends based on the staking duration. The dividend index updates regularly, ensuring that participants who stake for longer periods receive proportional rewards. This module supports multiple assets, although a single-asset approach for exaUSDC will be used to simplify the automatic dividend distribution.

Staking Steps

  • Go to https://app.exact.ly/staking and select the amount of EXA you want to stake.

  • Click “Stake EXA” to confirm.

  • Once the transaction is completed, you will see your staked EXA.

Staking period

The staking period will be twelve months. During this time, the stakeholder can add more EXA to their stake to earn more rewards, claim them, or partially/fully unstake their position.

Once you claim the fees, the exaUSDC will be deposited into your account. You can view them in the Dashboard section.

Remember, the exaUSDC you earn from staking is automatically deposited into the USDC market, compounding its variable APR. It will continue to generate esEXA rewards as long as you hold it. Plus, you can swap exaUSDC for USDC anytime directly from your dashboard.

You can swap your exaUSDC for USDC by clicking “Withdraw”

Enhanced voting power

Stakers will gain additional voting power, directly influencing protocol decisions. The voting power increases with the staking duration, incentivizing users to stake for extended periods.

Extra rewards

Besides dividends, participants in the Staking Program could receive rewards in other tokens, providing further incentives for long-term participation.

EXA buybacks

Discretionary EXA buybacks buy the Treasury with the remaining fees not distributed in the staking program.

Early withdrawals

The program is designed to encourage users to complete the full 12-month staking period. Withdrawals made before the end of this period will result in a reduction of the dividends received. The earlier the withdrawal, the smaller the share of dividends awarded, ensuring that users who complete the program are more effectively rewarded.

Overstay

Users are encouraged to restart their staking positions after the 12-month program ends. For those who keep their tokens staked beyond this period, the dividends accrued after the end date will be reduced. This adjustment ensures that rewards remain aligned with the intended duration of the program and encourages regular commitment cycles.

Initial parameters

  • ProviderRatio: 0.5 (50% of treasury fees to the staking pool)

  • Minimum Time to Stake: 0 months

  • Reference Period to Stake: 12 months Initial parameters can be modified through governance.

Estimated Staking APR

The Staking Program "Estimated APR" is equal to 50% of last week's treasury fees from the USDC market (annualized) divided by the total EXA Staked (in $).

Math Notes and Audits

You can find the actual staking APR and the weekly treasury fees .

⚫
Staking Contract address
here
here
Staking Program Math Notes
Chainsafe Staking Program Audit
Sherlock Staking Program Audit
Exactly DAO Savings Account Multisig