Staking economics

HEX Shares

Yield mechanics, T-Share rates, valuations, and staking participation — the core variables that drive HEX's time-lock incentive model.

One of the primary value propositions of HEX is its ability to produce yield (in the form of more HEX) for HEX stakers. By staking HEX, one temporarily burns their HEX in exchange for HEX shares. The number of shares depends on the global shareRate, stake length (Longer Pays Better), and stake amount (Bigger Pays Better).

Longer Pays Better awards up to 200% bonus shares for stakes longer than 10 years. Bigger Pays Better awards up to 10% bonus shares for stakes larger than 150M HEX. Together, these mechanisms incentivize staking sooner and longer.

Share Rate

T-Share Rate [HEX / T-Share] = HEX required to mint 1 T-Share

T-Share Price (USD)

T-Share Price [USD / T-Share] = HEX Price × T-Share Rate

T-Share Valuations

T-Share Valuations = T-Share Price / [ETH or BTC]

Daily Payout Per T-Share

Daily Payout Per T-Share = Daily HEX Yield / T-Share

Total T-Shares

Total T-Shares = All T-Shares currently in existence

Staking Participation & Maximum APY

Staking Participation [%] = Staked HEX / Total HEX Supply

Minimum APY [%/yr] = yield at short stake lengths

Maximum APY [%/yr] = yield at 10+ year stakes