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If you have staked Ethereum on CoinDCX. The next steps will be as follows:
- Your staked ethereum will be converted to LQTH in a 1:1 ratio.
- Along with LQTH, you will be receiving a 1-time reward in ethereum.
- Once listed, LQTH would be tradable (LQTH/UDST) and you can sell your staked position in the market whenever you wish or buy more staked positions to accumulate more rewards by buying more LQTH from the market.
- LQTH/USDT markets will be live in the next few days on CoinDCX and users would be able to trade their staked positions in the liquid market. Users can choose to exit or enter the staking positions just by Buying/Selling the LQTH token.
- You will also receive daily interest on your LQTH holdings in ethereum.