LEEQUID
  • 👋 Welcome
  • Navigating LEEQUID
    • 🌱 Staking
      • The staking protocol
      • Matching stake to unstake requests
      • Potential wait times while staking
      • Deposited LYX lifecycle
      • Importing sLYX to your wallet
    • 🍇 Collecting rewards
      • Reward distribution in the LEEQUID protocol
      • Auto-compounding
      • Withdrawing rewards
      • Reward calculation in Proof of Stake
    • 🍂 Exiting the protocol
      • Option 1: swapping sLYX for LYX
      • Option 2: unstaking through the staking pool
      • Matching unstake to stake requests
      • Potential wait times while unstaking
    • 🍷 Claiming
      • Claim queued stake
      • Claim unstaked LYX
      • Claim rewards
    • 🔄 Swapping
      • LYX for sLYX: An instant alternative to staking
      • sLYX for LYX: an instant alternative to exiting
      • Providing liquidty
      • Providing Liquidity: a practical example
  • LEEQUID in depth
    • 🔐 Protocol security and risks
      • Security overview
      • Smart contract code correctness
      • Slashing and unexpected validator behaviour
      • sLYX token: economic balance
      • Validator key management
    • 📃 Smart contracts
      • Oracles
      • Merkle Distributor
      • Rewards
      • Pool
      • StakedLyxToken
      • FeesEscrow
    • 💧 The sLYX token
      • Acquiring sLYX
      • 1:1 ratio with LYX
      • Potential unpeg of sLYX from LYX
    • 💦 The liquidity pool (DEX)
      • Implementation
  • Incident Response
    • Contacts
    • Vulnerability Disclosure Policy
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  1. Navigating LEEQUID
  2. 🍇 Collecting rewards

Withdrawing rewards

As long as you have sLYX, rewards will accrue periodically. They will be visible in the dashboard once you connect your wallet with the sLYX holder address selected. One of the benefits of joining a staking pool is that reward income is much more steady than staking solo, so you should see your rewards update steadily every day. Until you withdraw or stake them, rewards are kept safely within the LEEQUID protocol.

Under the “Rewards” section of the dashboard, you will be presented with two possible actions:

  • Withdraw: The LYX will be transferred to your address and out of the protocol in a single transaction. After completing this operation, the amount withdrawn will no longer show in the dashboard.

  • Stake rewards: Your rewards will be reintroduced directly in the protocol as new stake. You are manually compounding your rewards. After completing this operation, the reintroduced amount will be added to your staked balance and subtracted from your reward balance.

Last updated 1 year ago