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Introducing G Staking
Operation Team avatar
Written by Operation Team
Updated over a week ago

G Staking

With the mission to build a decentralized future, we’re excited to introduce a new mechanism to allow users to participate in governance of the Galxe ecosystem and play a role in the future direction of the community.

Through staking G tokens, users can now gain access to voting rights on ecosystem proposals, play a role in influencing the strategic direction of the Galxe ecosystem, and unlock the potential to receive exclusive rewards ranging from potential airdrops from other ecosystem participants.

Join the discussion on the Governance Forum.

Boost to Earn

By staking your G tokens on Galxe, you'll unlock a boost percentage—a multiplier that applies to certain rewards earned through platform activities. This means the more G you stake, the greater the potential boost you'll receive for your in-platform efforts.

Note: Staking G tokens doesn't directly grant rewards. Instead, it amplifies the rewards you can potentially earn from other activities, as detailed in the Earn section of the staking page.

Early Staker

The Early Staker Boost incentivized early participation by offering a 20% increase on boost rewards for users who joined G Staking before May 8th, 2024. While this incentive has concluded, users who staked during the eligible window will continue to receive the boost as long as they maintain their staked position.

Note: You may lose the Early Staker Boost and will incur a 7-day Lock-Up period if you unstake your G.

Referral

Expand your network and earn additional rewards through the G Staking Referral Boost. Refer your friends to participate in G Staking using your unique referral code. When your friends stake G tokens, you'll be eligible for a boost in your own rewards based on the total amount your referrals stake collectively.

The Referral Boost offers tiered rewards as outlined in the table below:

Referral Tier

Boost Rewards

Total referee staked amount (G)

1

+10%

18,000 - 29,999

2

+20%

30,000 - 59,999

3

+50%

≥ 60,000

Note: Keep in mind that referral boost is an estimation and may vary if your referee unstakes their G. The Referrals Dashboard refreshes daily at UTC 00:00.

How to

Get G

Before you can stake your G tokens, you'll need to acquire G.

  • Get G from Decentralized Exchanges like Uniswap.

  • Get G from Centralized Exchanges like Binance.com.

Note: Check the official G contract and our G staking contract for BSC and ETH.

Stake G

  1. Visit G Staking dashboard: app.galxe.com/staking.

  2. Connect your self-custodial wallet (e.g. MetaMask) to Galxe.

  3. Click "Stake" on your G Staking dashboard.

  4. Select your network (Ethereum or BNB Chain) where your G resides.

  5. Enter your desired stake amount (or use "MAX" for all G).

  6. (Optional) Enter a referral code for a boost (if provided).

  7. Review and agree to the G Staking Terms and Conditions.

  8. Confirm the transaction in your wallet, paying the gas fee.

  9. Await confirmation (processing time may vary depending on network traffic).

  10. Success! Monitor your staked G and rewards on your dashboard.

Note: Ensure your wallet is connected before initiating G Staking. For assistance, contact our support team.

Unstake G

  1. Visit G Staking dashboard: app.galxe.com/staking.

  2. Connect your self-custodial wallet (e.g. MetaMask) to Galxe.

  3. Click "Unstake" on your G Staking dashboard.

  4. Select your network (Ethereum or BNB Chain) for your G return.

  5. Enter your desired stake amount (or use "MAX" for all G).

  6. Review and agree to the G Staking Terms and Conditions.

  7. Confirm the transaction in your wallet, paying the gas fee.

  8. Await confirmation (processing time may vary depending on network traffic).

  9. Success! Monitor your unstaked G on your dashboard.

Note: Your staking decisions dictate the duration of the boost. Any subsequent unstaking action will nullify the boost on your G stake, and there will be a mandatory 7-day lock-up period before your tokens are returned.

Restake G

  1. Visit G Staking dashboard: app.galxe.com/staking.

  2. Connect your self-custodial wallet (e.g. MetaMask) to Galxe.

  3. Click your unstaked G on your dashboard.

  4. Click "Restake" and confirm the restake request.

  5. Confirm the transaction in your wallet, paying the gas fee.

  6. Await confirmation (processing time may vary depending on network traffic).

  7. Success! Monitor your staked G on your dashboard.

Note: You have the option to revoke your unstake request before the Lock-Up Period ends.

FAQs

What is the minimum amount required to stake G tokens?

No, there is no minimum amount needed to stake G tokens.

Which networks support G Staking?

BNB Chain (BEP20) and Ethereum (ERC20). You can verify the official G contract here and our G staking contract for BSC and ETH.

Can I stake G tokens from multiple wallets?

Yes, you can stake G tokens from multiple wallets using the same Galxe ID.

However, please keep in mind that:

  • Your boosted rewards are directly linked to your Galxe ID.

  • Before changing or unbinding a wallet, you must first unstake all G tokens from it.

  • When unstaking, you can only withdraw the amount staked from the specific wallet.

Scenario: You're Galxe ID-8, and you've staked a total of 300 G with two wallet addresses—address A (100 G) and address B (200 G).


If you choose to unstake 300 G:

  • Unstake 100 G from wallet address A by logging in with A.

  • Unstake the remaining 200 G from wallet address B by logging in separately.

If you opt to unbind wallet A:

  • First, ensure all 100 G from wallet address A have been unstaked before the unbinding process.

How can I check my G Staking balance and rewards?

You can monitor your G staking balance and rewards from your dashboard.

How are G Staking rewards calculated?

The rewards calculation methodology in G Staking varies based on the specific reward structures that will be announced before any snapshot events. This information will be available on G staking dashboard

How often are G Staking rewards distributed?

Rewards distribution frequency in G Staking varies. For the most up-to-date information on reward distribution schedules, kindly refer to the dashboard or the official Galxe communication channels.

Are there any fees associated with G Staking?

There are gas fees associated with G Staking, specifically for approving the transaction.

Can I unstake G tokens at any time?

Yes, you have the flexibility to unstake your G whenever you choose. You can also adjust the unstake amount according to your preferences. However, keep in mind:

  • Impact on Boosted Rewards: Any unstaking action nullifies the accrued boost rewards, even in promotional periods.

  • Impact on Referrer Boosted Rewards: If you've used a referral code while staking, unstaking your G will affect the boosted rewards of your referrer.

Scenario: Galxe offers a 20% boost reward for staking if you stake by 8th May, 2024, at 12 AM UTC.


Stake 50 G on May 1 without unstaking:

  • Earn a 20% boost reward until your next unstaking.

Stake 50 G on May 1 and unstake 50 G on 3rd May:

  • Earn a 20% boost reward from May 1 - May 3.

  • Upon unstaking, boost reward resets to 0%.

Stake 50 G on May 1, unstake 10 G on 3rd May, then restake 100 G on 6th May:

  • Earn a 20% boost reward from May 1 - May 3.

  • Upon unstaking, boost reward resets to 0% between May 3 - May 6.

  • Upon restaking, earn a 20% boost until your next unstaking.

Stake 50 G on 1st May, unstake 10 G on 9th May, then restake 10 G on 20th May:

  • Earn a 20% boost reward from May 1 to May 9.

  • Upon unstaking, boost reward resets to 0%.

  • Despite restaking on 20th May, as the boost period has ended, boost reward remains at 0%.

*Note: Your staking decisions throughout this period dictate the duration of the boost. Any subsequent unstaking action will nullify the boost on your G stake.

Is there a lock-up period after unstaking G tokens?

Yes, there's a mandatory 7-days Lock-Up Period before your tokens are returned.

Scenario: You're Galxe ID-8, and you've staked a total of 10,000 G with two wallet addresses—address A (4,000 G) and address B (6,000 G).


If you decide to unstake 4,000 G on 10th May, 2024:

  • The unstaked tokens (4,000 G) will only be available on 17th May, 2024, at the end of the Lock-Up Period.

Can I cancel an unstake request during the lock-up period?

You have the option to revoke your unstake request before the Lock-Up Period ends.

Scenario: You're Galxe ID-8, and you've staked a total of 10,000 G with two wallet—address A and address B. On 10th May, 2024, you initiated an unstake request for 5,000 G.


If you choose to cancel the unstake request:

  • You must do so before the Lock-Up Period ends, which is before 17th May, 2024.

What happens if a referred friend unstakes their G tokens?

If your referred friend decides to unstake their G tokens, it may decrease the total amount staked by your referrals, therefore, impacting your boosted rewards.

  • You can check the status of your referral boost on the Referral Dashboard, which refreshes daily at UTC 00:00.

Scenario: You refer your friend Alisa to G Staking, and she decides to stake 60,000 G tokens with your referral code, bringing your total referral staked amount to 60,000 G and boosting your rewards by 50%.


If Alisa unstakes 40,000 G tokens on 10th May, 2024:

  • Your referral boost rewards may drop to +10% on 11th May, 2024 as your total referral staked amount drops to 20,000 G.

  • However, this adjustment is provisional until the end of the 7-days Lock-Up Period for Alisa, scheduled for 17th May, 2024.

If Alisa revokes the unstake request on 16th May, 2024:

  • Your referral boosted rewards will be restored to their initial value, reflecting the total amount staked by Alisa.

Is G Staking available in all countries?

Galxe Earn and Galxe Staking may not be available in certain jurisdictions. Please see our Terms of Service for more information.

What are the terms for using G Staking?

Users are bound by the broader Galxe Terms of Use.

What security measures are in place for staked G tokens?

G Staking was audited by SlowMist for added security.
Galxe prioritizes user asset security with rigorous protocols, we’re committed to ongoing enhancements for risk mitigation. For more details, please refer to our Terms of Use.


Disclaimer: All rewards are provided by third parties. Galxe does not guarantee any rewards and the terms of any such rewards are determined by their respective third-party providers and may change at any time. Participation in any Galxe Earn or Staking program is at your own risk. Galxe is not responsible for any losses or damages suffered as a result of your participation. Please see our Terms of Service for more information.


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