FAQs
What is xETH?
xETH is an omnichain liquid staking derivative token that allows MultichainZ stakers to mint and receive tokens instantly on their preferred destination chain. Unlike other rebasing tokens, xETH does not rebase, and its value appreciates over time as it accrues staking rewards. Hence, xETH maximizes capital efficiency of liquid staking tokens, while giving users more transactional flexibility.
How do I start staking with MultichainZ?
You can start staking with as little as 0.000001 ETH by depositing any ETH into the MultichainZ Staking Pool. Once you have locked your ETH, you will receive xETH tokens proportional to the staked amount. xETH tokens will represent your initial deposit and its growth over time.
Access the staking now: quest.multichainz.com
What are the benefits of staking with MultichainZ?
Staking with MultichainZ offers several benefits:
1. Earning Validator Rewards: By staking, you can earn rewards for participating in the validation process.
2. Increased Utility: You can further increase your earnings by providing xETH in MultichainZ lending pools, generating additional passive income.
3. Omnichain Flexibility: MultichainZ allows you to stake and receive tokens on your preferred destination chain, providing greater flexibility and convenience.
4. Non-Rebasing Token: Unlike other staking tokens, xETH does not rebase, meaning its value consistently appreciates over time through accrued staking rewards.
5. Ecosystem Rewards: Since MultichainZ is running its incentivized programs (Genesis Beta I and Beta II), all users that stake ETH during the open chapters will be eligible for increased ecosystem rewards to recognize their early support to the project.
What can I do with xETH?
xETH offers various use cases, including:
Unstaking: Convert xETH back to ETH on supported DEXs.
Farming: Use xETH in MultichainZ's farming protocols for additional ChainZ rewards.
Liquidity Provision: Supply xETH to DeFi platforms to earn transaction fees and rewards.
Lending: Offer your xETH on MultichainZ's lending platform for interest earnings.
Borrowing: Leverage xETH as collateral to borrow other assets within the MultichainZ ecosystem.
How does the MultichainZ Staking Pool work?
The MultichainZ Staking Pool allows individuals to deposit ETH and receive xETH tokens in return. The ETH deposited is accumulated until there is enough to create a new validator on the Ethereum 2.0 network. The xETH tokens represent the individual's stake and rewards earned by the ecosystem.
How is xETH minted?
Every new ETH deposit into the MultichainZ Pool increases the total supply and mints a proportional amount of xETH for the depositor. xETH represents the ETH deposit in the pool in a proportional ratio of the total xETH supplied, backed by actual ETH in the pool contract.
How secure is MultichainZ Liquid Staking?
MultichainZ relies on a decentralized array of node operators for round-the-clock security and operational continuity. All Beacon Chain interactions are managed by MultichainZ to ensure a secure and efficient staking experience.
Where can I trade xETH?
xETH can be traded on supported decentralized exchanges (DEXs) and used in various DeFi protocols within the MultichainZ ecosystem, providing liquidity and flexibility for your staking investments.
What are the fees for staking with MultichainZ?
Staking with MultichainZ incurs a fee of 1.5% during Genesis Beta II, reduced from the 3.5% fee in Genesis Beta I. These fees are directed to the treasury, which uses them for ecosystem management and community rewards.
How do I find out if xETH was minted after I staked ETH?
xETH automatically gets minted and sent to your wallet when you stake on Multichainz protocol.
What’s xETH address ?
Multichainz xETH contract Address is :
0x74a4cd31874508226bafb82609c19175c07f17b0
What is the MultichainZ Incentivized Quest?
The MultichainZ Incentivized Quest is a period in which all users that complete ecosystem tasks, such as staking, lending, or borrowing in the platform, will be eligible for reward points that will later be converted into native tokens at TGE. Thus, the Genesis Beta I and Beta II chapters are the foundation phases for this incentivized program. All users that engage with the protocol during this period will be eligible for native rewards from allocation dedicated to early supporters.
Last updated