The Fundamentals

Introduction

Staking is the process of converting excess OGX into oUSD. Investors use OGX to mint oUSD and use the minted oUSD to trade synthetic assets.

Why Do You Stake OGX?

• Staking OGX generates two kinds of rewards: inflation rewards, and handling fee rewards. Without staking, OGX investors may just profit from the increase in the token price.

• Rewards can be claimed every week, with the condition that your current stake rate is higher or equal to the system’s minimum.

• oUSD generated from staking can be traded for various synthetic assets, be passively held by the user, or used to provide liquidity on a third-party platform to earn additional incentives and market-making rewards from the corresponding platform.

Risks Related to Staking

Debt fluctuations exist in the entire system, which means that to withdraw from the system and unlock the staked OGX, the user may need to consume more synthetic assets than the originally minted. At the same time, due to the limitation of the initial high staking rate, the system has no liquidation logic. The penalty for a stake lower than the system rate of 800% is the inability to obtain any kind of reward.

Note: The users participating in staking must pay attention to their debt situation and ensure that the rate is above 800%.

Who can Stake?

Any OGX holder.