Staking In Style—How IDEX Staking Stacks Up
The first iteration of IDEX staking has been a huge success with over 675 total users staking throughout the span of the program. Up to 55% of the circulating supply of IDEX tokens has been staked with the current amount sitting at 52% of the total circulating supply. To date, over 1,500 ETH has been paid out to stakers with a market value of ~$300k USD at the time of payment.
With the release of IDEX 2.0, stakers will have a new role in both securing the layer-2 network and providing API services. In return for the work they provide, stakers will be compensated with 50% of the IDEX trade fees.