Oxygen_Staking is now Live. Generate up to 15% pa passive income on OXY

OXY holders can now start earning staking rewards through the click of a button!

The OXY Staking Programme is launching with two ways to generate rewards — on-chain staking via oxygen.org and off-chain staking via AscendEX. We look to evolve and grow the programme over time to reward long-term supporters of OXY Ecosystem.

On-Chain Staking of OXY

OXY token holders can access staking directly via Oxygen.org or Oxygen Light.

Figure 1: Start earning yield on OXY now via on-chain staking

Key features:

• Earn up to 15% APY
• Commitment period a minimum of 7 days, and maximum of 2 years
• Stake from 100 OXY
• Rewards paid out as 50:50 unlocked and locked tokens
• Locked tokens will unlock in a linear fashion until the end of 2026 (so equal rewards unlocked daily), in line with the lock-up schedule in the whitepaper
• Option to withdraw by giving up accrued interest (7 days notice period applies)
• Option to withdraw (unstake) tokens immediately for a 5% fee

Figure 2: Generate passive income of up to 15% pa on OXY via on-chain staking

Off-Chain Staking. Earn 10% on OXY via AscendEx

We’re working to make OXY staking available on a number of CEXs and through custodians.

To start with, we offer all OXY token holders the opportunity to earn 10% APY via our early exchange partner AscendEx.

Key features:

• Earn 10% APY
• No lock-up period, unbundling period of 7 days
• Stake from 100 OXY
• Option to withdraw (unstake) tokens immediately for a fee

AscendEx are also working on integrating OXY on-chain staking. Once implemented, AscendEx OXY staking terms will align with the on-chain ones.

Figure 3: Earn 10% passive yield on OXY via off-chain staking with AscendEx

Secure and Self-Insured

The OXY staking program has undergone peer review. We are working with leading security auditors Kudelski towards a full audit of the staking system.

We want our users to have confidence in the system, so we have decided that we will be self-insuring all funds staked into the contract up until the security audit has been fully completed.

Another Step Forward for the OXY Ecosystem

The launch of the OXY Staking Programme is another milestone in the development of the OXY Ecosystem, and will provide holders with long-term incentives and rewards for holding OXY tokens.