Staking
Providing Liquidity on Maxbid Pro
Maxbid Pro is structured as a decentralized, peer-to-peer platform for margin trading, with traders borrowing liquidity from lenders to trade on decentralized exchanges with leverage.
Liquidity provision on Maxbid Pro includes two key functions:
Lending - Actively managing a lending pool by creating loan offers for various tokens.
Staking - Passively staking token(s) on the protocol to earn yield.
Our goal is to make liquidity provision fully decentralized and permissionless. However, to prevent liquidity fragmentation, we are rolling out these features in phases, starting with staking.
Staking on Maxbid Pro is designed to remain liquid. To ensure this, a significant portion of the staked asset is delegated to external validators on the Solana network to generate native yield, while the remaining assets are deployed in lending pools on Maxbid Pro to earn returns from lending activities. This balance is actively managed to optimize staking yield while maintaining liquidity.
2. Staking Terms Overview
3. Staking Process
Staking SOL
In order to stake your SOL to receive mpbSOL, you may first proceed to the Stake tab.
Simply select the amount you wish to stake and select the Stake button.
After confirming the transaction, you will see the corresponding amount of mpbSOL in your wallet.
Unstaking mbpSOL:
In order to unstake your mpbSOL to receive SOL, first proceed to the Unstake tab under the Stake page.
Simply select the amount you wish to unstake and select the Unstake button.
After confirming the transaction, the unstaking process will be initiated.
Note:
Unstaked mbpSOL is burned, which reduces the circulating supply.
Users receive SOL based on the unstaked amount, vault balance, and the current circulating supply of mbpSOL.
The unstaking process takes 5 days (120 hours) to complete and cannot be modified or canceled.
Claiming SOL:
Once the unstaking process is complete, users can transfer the claimed SOL back to their own wallet.
1. To claim your SOL, go to the Claim tab under the Stake page.
Then, select the Claim button which will initiate the confirmation transaction.
After confirmation, the claimed SOL will be sent back to your wallet.
The risks associated with staking can be broadly categorized as follows. While these risks are generally low, they remain an inherent part of the process:
The above list of risks may not be exhaustive. For any additional questions, feel free to reach out to our team in Telegram https://t.me/maxbid_pro. As always, please remember to do your own research.
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