Follow UsSupportStart Trading
Page cover

Staking Mechanism

Stake $WHALES to get a discount on trading fees.

1. Overview

When you stake $WHALES, you receive $xWHALES—a derivative token with two main uses:

  • Trading fee discounts: Pay lower fees across Whales Market platforms.

  • Collateral: Use $xWHALES as collateral in OTC trades.

2. Staking mechanics & $xWHALES growth

  • The staking contract holds both $WHALES and $xWHALES.

  • When you stake $WHALES, you receive $xWHALES. Holding $xWHALES increases your share of protocol-generated rewards over time.

  • This gradual payout prevents large one-time selling (dumping) that could destabilize token value.

3. Withdrawal & liquidity

  • You may withdraw and convert your $xWHALES back into $WHALES at any time.

  • $xWHALES is tradable, though not officially listed on Solana DEXs yet. Its conversion to $WHALES is only guaranteed through the staking mechanism.

  • Rewards are paid in $WHALES but purchased on the open market, which means staking doesn’t inflate supply. $WHALES token distribution from incentive emissions follows a separate 4-year vesting schedule.

FAQ

What is staking $WHALES?

Staking $WHALES is the process of locking up your $WHALES tokens to earn rewards generated from the protocol's revenue.

What is the reward token and what are its benefits?

When you stake $WHALES, you receive the derivative token $xWHALES. This token has two main uses:

  • Trading Fee Discounts: Pay lower fees across Whales Market platforms.

  • Collateral: Use $xWHALES as collateral in OTC trades.

Can I withdraw or convert my xWHALES at any time?

Yes, you can withdraw and convert your $xWHALES back into $WHALES at any time.

PreviousHow to Buy $WHALESNextDiscount for Stakers

Last updated