Etherex Liquid Staking TokenPrice

(REX33)

REX33 is the Liquid Staking Token (LST) of the Etherex ecosystem. It represents staked REX that has been converted into xREX, the locked governance version of the token. While xREX is non-transferable and requires a high penalty for instant redemption, REX33 serves as a liquid derivative. This allows users to maintain full exposure to staking rewards while their assets remain liquid and tradeable on the open market.

The value of REX33 increases relative to REX through three primary streams. First, 100% of trading fees from the decentralized exchange are distributed to stakers. Second, the protocol receives vote incentives or bribes from external protocols looking to attract liquidity. Third, yield is boosted by exit penalties; when users exit their locked positions prematurely, the forfeited tokens are redistributed to REX33 and xREX holders.

No. This is a key distinction for users. While xREX requires a 50% burn penalty for users who want to convert back to REX instantly, REX33 is a liquid market asset. Holders can exit their positions by selling REX33 on the exchange. In this case, users only encounter standard market slippage and current market pricing rather than a hard-coded protocol penalty.

The Ceiling represents the maximum theoretical value of REX33 based on the total rewards accrued by the protocol. The Floor is a conservative baseline, often established at 50% of the ceiling. This mechanism is designed to ensure the token maintains a minimum value relative to the underlying REX, providing a layer of protection and stability for holders during periods of market volatility.

Yes. Unlike many other liquid staking tokens that remove governance rights from the holder, REX33 is designed to retain voting power. Holders can use their tokens to vote on which liquidity pools receive emissions. This enables users to earn additional incentives, known as bribes, without the need to lock their capital for the multi-year periods typically required in traditional governance models.

REX33 operates on the Linea network, an Ethereum Layer 2 solution. To interact with the token, users must bridge their assets to the Linea chain. Security is a primary focus for the project; the protocol is built on proven technology and has undergone extensive security audits by reputable independent firms, including Spearbit and Code4rena, to ensure the integrity of the smart contracts.