🔓Staking

Discover $BITS staking: learn the process, understand the rewards, and more.

We understand that there are numerous mindsets when it comes to trading crypto. To those who primarily buy and hold with long-term conviction, we have something for you. Stake your $BITS for $xBITS which can be redeemed for $BITS at a 1:1 ratio. Staking rewards automatically compound over time, thus the longer you stake, the more your share of the pool grows and in theory the rewards you accumulate.

We understand that there are numerous mindsets when it comes to trading crypto, which is why our staking mechanics aim to benefit everyone from short to long-term holders. Stake your $BITS on our dashboard for $xBITS, which can be redeemed for $BITS at a 1:1 ratio.

$BITS is a reflection of our project as a whole, our community of holders grows as we do and staking rewards are a benefit to those who have belief in the vision, team and longevity of BitSwap.

You can stake and unstake your $BITS at any time, there is no staking or reward lockups

Staking rewards compound automatically, thus your share of the pool grows over time and in theory, the rewards you accumulate. Once you decide to unstake your $BITS, your $xBITS will automatically convert to $BITS and the two balances will be combined together within your wallet.

Our staking contract's operate entirely on their own, as rewards from both trading fees and bridge fees will be automatically sent to the contract's and distributed to relevant holders based on their percentage share of the pool at any given time. Utilising ERC-4626 staking, all operations will be handled and can be verified on-chain. On top of this, our contract's are verified and open source, meaning you know what you're interacting with. For those who don't, we'll be getting our contract's audited to ensure upmost transparency, security and safety of user funds.