The NATIX deep staking platform is live, letting users stake their $NATIX tokens to earn rewards, and soon, make a change through NATIX Improvement Proposals (NIP). Now is the time to put your available $NATIX to good use and reap your rewards. We designed the deep staking program to reward long-term $NATIX holders and network participants, who have multiyear horizons and are aligned with our long-term vision. For that specific reason, we included a cooldown period for unstaking, or an instant withdrawal fee (on the entire staked amount), along with compounding interest. The staking platform is fully decentralized, interacting directly with the $NATIX staking contract. Staking rewards are currently drawn from the incentivization pool, but will eventually come from the NATIX protocol revenue.
While staking mechanisms for cryptocurrencies are often synonymous with a stake-and-forget option, the NATIX “deep” staking platform is slightly different. We will soon offer a short-term staking option, however, our deep staking platform offers more than your traditional APY, and with great power comes great responsibility.
NATIX deep staking will be directly linked to voting power and network governance decisions, via NIPs to ensure that only long-term token holders aligned with NATIX will be able to vote. The more and longer you stake, the more your votes will influence network decisions. The voting mechanism will be introduced soon, so look out for a dedicated announcement on official NATIX channels.
You can now access the NATIX deep staking platform. We recommend using the desktop version of the NATIX deep staking platform for the best user experience. Before we get to it, the deep staking platform is compatible with 4 different wallets: Phantom Wallet (recommended), Solflare, Trust Wallet, or Brave Wallet.
Make sure you connect one of these four wallets to avoid any unnecessary inconvenience. Then, follow these steps:
Staking Limits: There is a minimum of 20K $NATIX staking per transaction and there is a maximum of 1B $NATIX staking limit per wallet.
Staking Rewards: The annual yield cap for staking rewards is set up to 1% of the total supply (i.e. 1 billion $NATIX) and can be further increased to 1.5% (i.e. 1.5 billion $NATIX), at NATIX’s discretion and based on demand. Staking rewards are based on a weekly interest, so the staking earnings are distributed weekly and compounded weekly. The initial Annual Percentage Yield (APY) can be up to 35% which can vary based on the total amount of $NATIX staked. The average long-term yield is estimated at around 17.5%.
For your convenience, we’ve added the weekly interest rate formula, the weekly compounding formula, and an example of $NATIX gains with a 20% APY, showing that the longer you stake, the more the interest compounds:
Example 1: Assuming a 100,000 $NATIX as Initial funds staked and 20% fixed APY (i.e. 0.003512 Effective Weekly Interest Rate), below are Total balance calculated for week 0 to week 52:
Non-Transferable Tokens: Once staked, $NATIX tokens cannot be transferred. To move them, you must unstake your tokens and claim them back into your wallet.
Unstaking (i.e. “Cooldown”) Period: Unstaking your $NATIX from deep staking requires waiting a 90-day cooldown period or can be done instantly for a 30% fee on the entire staked amount, as explained below.
Unstaking your $NATIX from deep staking is a fairly simple process. There are two unstaking options – Instant Unstaking or Cooldown Period Unstaking.
Instant Unstaking comes with a 30% fee on the entire staked amount, which is burnt to ensure the long-term sustainability of the NATIX economy.
Cooldown Period Unstaking requires waiting 90 days to unstake to avoid paying a fee when unstaking. As mentioned, the cooldown period was put in place to ensure the participation of users who truly support our long-term vision over the years.
There will be no rewards earned during the cooldown period. Note that unstaking will unstake all of your staked $NATIX tokens, even if you staked in multiple transactions. You can avoid this by staking from multiple wallets.
Example 2: If according to Example 1 above, your Total Balance after 26 weeks is 109,544 $NATIX, you can a) unstake with the cooldown period and claim/receive 109,544 $NATIX in 90 days or b) unstake instantly and claim/receive 76,680.8 $NATI. In scenario b), 32,863.2 $NATIX is burned permanently.
With the above said, here’s how to unstake:
After the cooldown period ends or upon paying the 30% instant unstaking fee, users must claim their $NATIX and receive their funds. It’s important that you claim your unstaked $NATIX, or they won’t transfer to your wallet. For that reason, upon confirming the unstaking with the cooldown period, we enable users to add a calendar invite for the end of the cooldown period on which your tokens are claimable.
Here’s how you claim your $NATIX:
We assure you that we make every effort to ensure the high reliability and security of the Platform, which has undergone thorough audits for security, and we have taken all the necessary steps to ensure your funds are safe. Our Solana staking smart contract has been reviewed and audited by two of the best industry auditing firms, i.e. CretiK Global, and Hashlock.
However, we do not represent or warrant that access to the interface will be continuous, uninterrupted, timely, or secure; or that the Platform will be free from errors, defects, or other harmful elements. We remind you to double-check your actions through every step of the staking process. Some wallets may also display warning messages reminding you that rewards are estimated, and to double-check your steps when unstaking and claiming your $NATIX. We recommend you take all the necessary security precautions and check all the security points even when no message is displayed.
The NATIX deep staking system was designed with the utmost precision to ensure long-term $NATIX holders can safely stake their tokens, earn rewards, and participate in decision-making. With short-term staking, voting, and governance features on the horizon, there’s still more to look forward to. Make sure to follow the official NATIX channels for any updates and changes to the NATIX staking program.
* Please note that the digital assets markets are nascent and highly volatile due to risk factors including, but not limited to, adoption, speculation, technology, security, and regulation. By using the NATIX Deep Staking platform, you acknowledge and accept these risks. Staking Terms of Service apply.
