Boardroom Staking Pool Release Tutorial

Many users have staked their MDX to mine MDX in boardroom in the form of a current deposit or time deposit with a lockup period of 30 days, 90 days, 180 days or 365 days since MDEX started the long-term lock-up plan on July 19th 2021.

Assets under time deposit with a lockup period of 30 days, 90 days, 180 days or 365 days can be unlocked after the maturity as scheduled (shown below) or anytime before maturity providing the number of xMDX users provided to unlock is 1.5 times to the number he needs to unlock after maturity.

For example, Bob locked 1000 MDX for 365 days. according to previous rules, the number of xMDX he needs to unlock MDX after maturity is 1000 * 6.475 = 6475. Thus, according to new proposal, the number of xMDX he needs to unlock MDX remains 1000 * 6.475 = 6475 after maturity, while increase to 1000 * 6.475 * 1.5 = 9712.5 anytime before maturity.

Early release of stake

1. Go to "Boardroom" on the MDEX official website and click "Stake" to enter MDEX stake pool page.

2.To release stake in advance, xMDX needs to be 1.5 times with original weight factor to ensure that there is enough xMDX in your wallet and click "Unlock".

3. Enter the number of MDX to be unlocked, the page will prompt the required number of xMDX, if there is enough xMDX in your wallet, it can be successfully unlocked after confirmation.

Withdraw MDX when stake expires

1. After stake period expires, the contract will automatically transfer the income to the user's wallet address without manual withdrawal. Therefore, when the user enters the mining page, the income is displayed as "0", and a green "withdrawal" button will appear on the right side of the corresponding lock-up period.

2. Click the "Extract" button to enter the extraction interface, and the page will prompt the number of released MDX and the required number of xMDX. Enter the amount of MDX you want to withdraw in the input box. If there is enough xMDX in your wallet, click "Confirm" to withdraw MDX to your personal wallet.

3.Because it takes a certain amount of time to execute the data, there will be a data delay. Some pledged users will not automatically unlock in the background after the expiration, so the "Unlock" button will appear, and the user needs to click "Unlock" first.

4.Please go click "Withdraw" when the unlocking is completed, and fill in the amount to be extracted to complete the extraction.