Staking
Last updated
Last updated
GMBL investors can head over to https://bet.gmbl.computer/stake to earn real weekly yield from house earnings with xGMBL.
xGMBL is the staked, non-transferable, version of the GMBL token. GMBL can be converted to xGBML 1:1 at any time but xGMBL takes 6 months to convert 1:1 back to GMBL. xGMBL can be converted to GMBL instantly but 50% must be burned.
Additionally, it can be converted in any time between 0 and 180 days with a linear amount burned (i.e. 25% burnt after 90 days). xGMBL stakers receive the earnings from the “House” Fund.
All xGMBL holders can claim continuous yield payouts. The amount of xGMBL held also makes an address eligible for the “Degen Tier” system and its benefits. The yield will be a mix of GMBL and xGMBL tokens, with more additional payouts coming in the future.
Stake your GMBL to recieve xGMBL. xGMBL makes you eligible for yield from the house. Unstake your xGMBL when you want to convert it back to GMBL. Redeem your xGMBL for GMBL once your unstaking period is over, or cancel unstaking. Remember that if you wish to unstake xGMBL and convert it back to GMBL, you will lose 50% of the amount of tokens you're unstaking.
