Resfinex will add support for RES staking, starting from Nov 23th, 2019.
RES token staking rewards will be distributed as detailed below:
RES Staking Program
Starting from Nov 23th, 2019 at 00:00 AM UTC, Resfinex will begin taking hourly snapshots of user RES balances.
RES staking distribution will be calculated as follows:
RES generated by each user = Total RES staking rewards provided by Resfinex * User RES holdings ratio.
User RES holdings ratio = User RES holdings / Total RES staked by Resfinex.
Users must hold at least 1,000 RES in order to qualify for staking rewards.
The initial distribution of RES staking rewards will be calculated up until Jan 1st, 2020, with the total amount distributed equal to the staking rewards accrued on holdings during 40 days the period.
RES rewards are calculated daily (hourly snapshots) and distributed daily. Distributions will be completed on 00:00 AM UTC of each day.