The STFX dApp and token had several new features in may, including Monthly Leaderboards & Prizes, Staking V1, and STFX Stakers: Earn 10% APR and Shape the DAO’s Future.
- Monthly Leaderboards & Prizes reward the dApp’s top-performing managers and investors.
- Staking V1 offers stakers a 10% APR on their staked tokens.
- STFX Stakers have full control over the governance voting system for the DAO, ensuring their voice is heard and instrumental in shaping the project’s development.
The STFX DAO has implemented a burn mechanism to discourage premature staking and encourage long-term commitment. Additionally, Staking on Arbitrum has been implemented to reduce fees and provide a more inclusive and cost-effective staking environment for both larger and smaller token holders.
Additionally, the STFX dApp has launched an exciting era of gamification, offering exclusive perks and rewards to stakers. STFX offers a variety of benefits to its stakers, such as:
- Reduced fees
- Increased vault capacity
- dApp discounts and perks
- Revenue sharing
- XP boosts
To stay up-to-date with the latest developments, visit the STFX staking page and discover the number of tokens currently locked and burnt.
Note: This article is intended to provide a balanced overview of the news and does not constitute financial advice. Investors are advised to conduct their own research and consult with professionals before making any investment decisions.