Staking & Earning

How do I Stake & Farm?

To stake and farm with ParaDex, simply connect your wallet via the different wallet extensions available and choose the pool you want to stake with.

When you’ve chosen the particular pool.

1. If you already have the LP tokens in your wallet, simply choose amount you want to deposit and click on the Deposit button.

How do I Claim my rewards?

To claim your rewards, you need to ensure that your wallet is connected. Your dashboard will have for you in detail, the amount of $PRAD you have earned and therefore can withdraw or move onto another pool if you wish. All you have to do is click on the Claim button.

Can I un-stake at any time?

Yes, you can stake or un-stake at any given time. There are no (0.00%) withdrawal fees for un-staking too early from a particular pool or going into another pool. ParaDex wants to allow our users total and complete freedom and ability to maneuver as they wish throughout the ParaDex ecosystem.

What is a Lock-Up/Vesting period?

Unlike other DeFi/Yield Farming projects, ParaDex allows for $PRAD holders to stake their LP tokens into any Liquidity Pool they are farming without any penalties for early withdrawal from the pool, thus allowing users to maneuver into and out of any of our pools at the swiftest possible way without penalties eating into their Yield earnings. The "vesting period" for $PRAD is for users to be able to earn the highest possible APY within the ParaDex ecosystem at launch, which upon conclusion of the first 30 day period, will settle to the benchmark yields set within the liquidity pool offerings for $PRAD rewards.

The traditional lock-up period is a window of time when investors are not allowed to redeem or sell their tokens that are invested/locked into a particular Liquidity Pool that is farming. Traditional vesting would work in a similar way in that it would require token holders to hold/stake a particular token before earning the rights to that token/earnings. $PRAD tokens are neither lockable, or to be vested, they are yours to move about as you see through our farms without the prospect of any fees or penalties to be levied on your $PRAD rewards.