$DXP Staking (Validator and Subnet staking)

Validator Staking: Validators need to stake a certain amount of $DXP tokens, which is set by each subnet. By staking, validators can earn rewards based on their contributions and performance in the ecosystem. Subnets decide the stake required for validators, but minimum 1000 $DXP is set by the protocol. However, they also risk losing part of their stake, which helps keep the network secure and trustworthy.

$DXP Token

Subnet Staking: Each subnet has a limited number of validator spots to maintain quality and performance. For example, a subnet may allow a maximum of 8 validators. This limitation ensures that the validators can effectively manage their responsibilities and maintain a high standard within the subnet. To participate as a validator, subnet owners must stake 20,000 $DXP tokens. This amount can also be assigned by other community members, allowing them to contribute to the subnet's success without having to run a validator themselves. By having these requirements in place, only the subnets remain active in the network. This mechanism helps promote a strong and efficient ecosystem, ensuring that validators are incentivised to perform well and contribute positively to the overall health of the decentralised finance platform. The Draft NFT: To join the Dexponent ecosystem, you must own a DXP-specific NFT known as a Draft.

A Draft is essential for becoming a liquidity provider. Drafts are minted on a bonding curve, with the initial Draft being minted for 0.1 ETH. With each subsequent mint, the fee increases by 0.001 ETH. There is no cap, but the floor price continually rises.

Drafts enable the system to track staking metadata and subnet level activity, offering numerous advantages. For instance, a user can sell or transfer their Draft, along with its liquidity and minted $DXP balance.