$KNDX Staking

Kondux Staking System #

Overview
The Kondux staking mechanism enables users to commit their $KNDX tokens to a smart contract-based pool in exchange for yield rewards. This mechanism is designed to promote long-term holding, reduce market volatility, and provide collateral support for ecosystem operations. Rewards are distributed based on staking duration, NFT ownership, and participation in the platform’s governance structure.


Contract Overview #

ComponentValue
Contract NameKondux Staking Contract
Address0x07E6F2239d6FbE2CE00747fCFb8344ebBf973BcC
Supported TokenKNDX (ERC-20)
Reward TokenHELIX (staking collateral representation)

Key Features #

1. Staking Configuration #

OptionDescription
Minimum StakeEnforced to ensure commitment and reduce micro-transactions
Supported TokenOnly KNDX is accepted in the current contract version
Compound RewardsUsers may reinvest accumulated rewards directly into their staked amount

2. Timelock System #

OptionDescription
Timelock DurationsUser-defined periods ranging from 1 month to 12 months
Boosted APYLonger durations result in higher reward multipliers
Early Withdrawal PenaltyMax 10% fee, decreasing linearly toward unlock date

3. Reward System #

ParameterValue
Base APY25% (subject to protocol governance)
Boost MultipliersStaking rewards are increased by:
– Founder’s Pass: +10% flat
– kNFT Ownership: +0% to +5% (top 5 kNFTs per wallet)
– Timelock Duration: Multiplier increases with commitment length

Collateral Mechanism: HELIX Token #

MechanismDescription
HELIX Token ReceiptUsers receive 10,000 HELIX for each 1 KNDX staked
Collateral UtilityHELIX is required for platform functionalities, including compounding
Burn on UnstakeHELIX tokens are burned upon withdrawal of KNDX from the staking contract

Integration with NFT-Based Rewards #

kNFT Bonus Recognition #

  • The system scans and considers the top 5 kNFTs held by the staker to determine bonus eligibility.
  • DNA traits from each kNFT may influence the staking multiplier.

Founder’s Pass Integration #

  • Grants a fixed +10% boost to staking rewards.
  • Recognized automatically during staking sessions.

Governance & Security #

ComponentDescription
Access ControlManaged via the Authority contract for role-based function gating
Treasury InteractionContract pulls from or distributes to the Treasury contract securely
Penalty GovernanceWithdrawal penalty percentages and reward rates are configurable via Policy role

User Interaction Flow #

  1. Stake KNDX
    • User selects amount and timelock duration.
    • HELIX tokens are minted in 10,000:1 ratio.
  2. Earn Rewards
    • Base and bonus APY accumulate in real-time.
    • Option to compound or manually claim.
  3. Withdraw KNDX
    • Full KNDX returned post-timelock.
    • HELIX tokens are burned to release the original stake.
  4. Penalty Case
    • Early withdrawal incurs proportional penalty based on remaining lock duration.

Summary #

The Kondux staking system provides a multi-factor yield model based on user commitment and ecosystem participation. Through time-based rewards, NFT ownership boosts, and HELIX tokenization, the protocol reinforces liquidity retention and community engagement while ensuring transparent, programmable economics.

Updated on April 9, 2025