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  • Overview
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      • Why bring IRL property on-chain?
      • What sets apart CitaDAO from past tokenization projects?
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    • FAQ
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      • 20SML0253
      • 18SML711
  • How IRO works
    • Overview
      • Conducting Due Diligence
    • Introducing Real Estate On-chain (IRO)
      • Committing Stablecoins
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      • Redeeming the Title Deed
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  • IRO User Guide
    • Getting Ready
    • IRO User Guide
      • 1. Committing to the IRO
      • 2. IRO Outcome - Properties
        • IRO succeeded & What's next
        • IRO failed & What's next
    • FAQ - Troubleshooting
  • IRO Details
    • London Commercial Building IRO
    • Singapore Industrial Building IRO
      • Singapore
        • 20 Sin Ming Lane
        • 18 Sin Ming Lane
      • Market Comparable
    • Cardiff Commercial Building IRO
      • Cardiff City
      • Property Pricing
  • xKNIGHT Staking
    • What is Staking?
    • What is xKNIGHT?
    • Staking Guide
  • KNIGHT Yield Farming
    • What is Yield Farming?
    • Yield Farming Guide
  • RET YIELD FARMING
    • What is Yield Farming?
    • Yield Farming Guide
  • Tokens on CitaDAO
    • KNIGHT Token
      • CitaDAO Tokenomics
    • Real Estate Token (RET)
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    • Security at CitaDAO
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  1. xKNIGHT Staking

What is xKNIGHT?

https://app.citadao.io/staking

PreviousWhat is Staking?NextStaking Guide

Last updated 3 years ago

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xKNIGHT

xKNIGHT is an ERC20 token that you receive in exchange for staking KNIGHT tokens in our Staking pool.

You could think of xKNIGHT as a receipt that you get when you stake your KNIGHT. This xKNIGHT receipt is needed when you want to unstake your KNIGHT. When you unstake your KNIGHT, the receipt gets burned and you receive your staked KNIGHT plus rewards.

Ensure that you do not lose this receipt, if not, you will not be able to claim back your staked KNIGHT and rewards!

While holding xKNIGHT, it appreciates in value as KNIGHT rewards get deposited into the Staking pool. xKNIGHT will always be worth more than KNIGHT.

The price of xKNIGHT in terms of KNIGHT is shown on our Staking interface. This price will continue to rise over time as more KNIGHT rewards get deposited into the Staking pool. KNIGHT rewards are distributed every week.

xKNIGHT Token Address: 0x20891B408c35E0B7ECE14Df59f259BE3C763f120

Staking Page