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FAQ

How do staking rewards work?​

Rewards deposited into the xALPH contract increase the ALPH backing each xALPH.

The Staking APR is the estimated annual percentage rate of rewards you can earn by staking ALPH.

xALPH holders do not receive a separate ALPH payment. Instead, each xALPH represents more ALPH as rewards are deposited.

Rewards come from:

  • Powfi’s share of the DEX fees.

  • Funded staking campaign rewards while a campaign is active.

The exact APR will change over time depending on network activity, protocol fees and on-going campaigns.

Why does xALPH increase in value?​

As staking rewards accumulate, the amount of ALPH backing xALPH increases.

This changes the conversion rate between xALPH and ALPH.

In simple terms:

More rewards → more ALPH backing → each xALPH represents more ALPH

The conversion rate changes whenever ALPH rewards are deposited into the xALPH contract. No separate ALPH payment is sent to holders; each xALPH becomes backed by more ALPH.

How can I use xALPH?​

xALPH keeps your staked position liquid where xALPH is explicitly supported.

You can use xALPH for activities such as:

  • Swapping xALPH and ALPH on Powfi.

  • Providing liquidity in Powfi's ALPH/xALPH pool.

  • Using xALPH in another application only when that application explicitly supports it.

  • Confirming token support before depositing xALPH into any application.

xALPH does not automatically work in every DeFi application.

Can I convert xALPH back to ALPH?​

Yes. There are two ways to convert xALPH back to ALPH.

Official unstaking​

You can use the official Unstaking process.

  • The conversion uses the rate in effect when you press Unstake.

  • There is a 30-day unlock period.

  • Your ALPH becomes claimable linearly during the unlock period.

DEX​

You can also swap xALPH for ALPH through a DEX such as Powfi.

  • The swap is based on the live market price.

  • The conversion is immediate.

  • The amount you receive depends on available liquidity and slippage.

xALPH and ALPH conversion rate​

At launch, the conversion rate starts at:

1 xALPH = 1 ALPH

The conversion rate changes whenever ALPH rewards are deposited into the xALPH contract. xALPH holders do not receive a separate ALPH payment; each xALPH becomes backed by more ALPH.

What happens to my ALPH when I stake?​

Your ALPH is locked in the Powfi staking system.

You receive xALPH in return, which represents your staked position.

The underlying ALPH remains locked while xALPH gives you a liquid representation that can be used in supported pools and applications.

Important things to remember​

  • Staking locks your underlying ALPH.

  • xALPH represents your staked ALPH.

  • The Staking APR is an estimate and can change over time.

  • The value represented by each xALPH can increase as rewards accumulate.

  • Official unstaking has a 30-day unlock period.

  • Swapping xALPH for ALPH on a DEX such as Powfi is subject to market price, liquidity, and slippage.

  • Keep some ALPH available in your wallet for transaction fees.