HEX Shares

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 one creates by staking depends on the current global shareRate variable (measured in tera-shares per HEX), stake length (Longer Pays Better) and stake amount (Bigger Pays Better).

Longer Pays Better (LPB) is a bonus multiplier that increases the number of shares a user receives for each day they lock up their HEX. The LBP bonus rate is 20% more bonus shares per staked year, with a maximum bonus of 200% bonus shares for stakes longer than 10 years.

Bigger Pays Better (BPB) is a bonus multiplier that increases the number of shares a user receives for each HEX they stake. The BPB bonus rate is 1% more bonus shares per 15M HEX, with a maximum bonus of 10% bonus shares for stakes larger than 150M HEX.

This allows the system to timestamp your stakes in a way that dilutes future participants enough to always incentivize staking sooner rather than later. Such a design also creates a system in which long stakes will always outperform short re-compounding stakes of the same net length and size.

In the charts below, we plot various staking metrics as time-series charts: