Staking

LUXITE holders can stake their tokens to earn yield from protocol revenue.

How It Works

When miners MISS an excavation, their deployed SOL goes to the treasury. This SOL is used to:

1. Buyback LUXITE from the open market
2. Burn 90% of purchased LUXITE (reducing supply)
3. Distribute 10% to stakers as yield

This allows stakers to benefit from both:

• Supply reduction via buyback and burn
• Direct yield from the 10% distribution

Staking Process

1. Deposit - Stake your LUXITE tokens
2. Earn - Accumulate yield from buybacks
3. Claim - Withdraw your earned LUXITE anytime
4. Compound - Optionally auto-compound for maximum returns

Auto-Compounding

You can enable auto-compounding by setting a compound fee. Bots will automatically restake your earned yield, and receive the fee as compensation.

This maximizes your returns without manual intervention.

Yield Calculation

Your yield share is proportional to your staked amount:

your_yield = (your_stake / total_staked) × distribution_amount

Yield is distributed whenever a buyback occurs, which happens when treasury SOL exceeds the buyback threshold.