RFOX Finance has introduced a new staking pool as part of its mission to provide a rewarding DeFi experience for RFOX and VFOX holders. For this new DeFi product, you can stake VFOX tokens to earn bonus RFOX tokens. We will distribute a total of 1,500,000 RFOX in rewards through this staking pool created on Binance Smart Chain over a period of 90 days, beginning March 30, 2022. Here are more details about the pool:
Stake VFOX Tokens to Earn RFOX Tokens
Total Tokens: 1,500,000 RFOX
Distribution Duration: approximately 90 days
Start Block: 16512000 (approximately 2 PM UTC on March 30, 2022)
Finish Block: 19104000 (approximately 2 PM UTC on June 28, 2022)
Token Rewards per Block: 0.579 RFOX
Maximum Stake per Wallet: No maximum
How to Get VFOX Tokens for Staking into the New Pool
If you want to join this new staking pool but you don’t have VFOX tokens with you, the most ideal way to acquire VFOX tokens is through RFOX Finance’s swapping service. Here’s how to use it:
- Go to the RFOX Finance website. Click the menu button on the upper left corner of your screen and go to Trade.
- Connect your wallet to RFOX Finance by clicking the Connect button on the upper right corner of your screen. Make sure that your wallet contains enough cryptocurrency amounts for buying VFOX tokens and paying for the network fees.
- Choose the Swap tab. Under “Exchange From,” choose the token type and the amount you want to use for buying VFOX.
- Under “Exchange To,” select VFOX as your token. The amount of VFOX tokens you’ll receive in exchange will show up on the screen. Click Confirm.
- A pop-up window will show more details about your token swap. Click Confirm once more.
- You’ll see the VFOX tokens in your crypto wallet after the blockchain conformation of your transaction. You can then use those VFOX tokens you bought to participate in the new staking pool from RFOX Finance.
Conclusion of RFOX Finance’s Four DeFi Products
We’d also like to inform our community about the conclusion of four of our ongoing DeFi products. The RFOX-VFOX Staking Pool, VFOX-RFOX Staking Pool, and RFOX-VFOX LP Farming Pool are estimated to end on March 30, 2022, at around 2 PM UTC, while the RFOX-ETH LP Farming Pool is slated to close by March 29, 2022, at about 1 PM UTC. The VFOX-RFOX Staking Pool and RFOX-VFOX LP Farming Pool are created in relation to the distribution of the RFOX VALT Arkamoto auction rewards
We thank all participants of these pools for your support of these products, and we count on your continued patronage for the upcoming products on our lineup for RFOX Finance.
To know more about the mechanics of using RFOX Finance’s farms and pools, go to this FAQ page.