Total Value Locked:
Daily HEX price multiplied by the number of HEX locked into miners
Percent Staked:
The number of locked HEX divided by the HEX supply
HEX Price:
Historic HEX Price (log scale)
Strategies
Mining is a way of earning rewards for holding HEX. The HEX.COM contract is designed to reward miners who honor their commitments with rewards. Stakers receive a portion of the system inflation in the form of HEX token rewards. When mining you can supercharge your returns by locking longer or bigger. These bonuses are calculated for you at the beginning of your lock and are referred to as Bonus Hearts in the contract. The principal and Bonus Hearts determine how many T-Shares are allocated to your lock. The HEX.COM website provides many resources to explain this further.
There are probably as many strategies as there are users of HEX. The best part is that you do all the work, you choose your terms, and you hold your own keys. As a yield-producing product (yield in HEX) staking is often compared to Bank Certificate of Deposits (CD). There are many examples you can find describing how bank customers use CDs to produce a passive income stream. Some of these methods can be applied to HEX mining.
One of the most popular methods is called Laddering. A ladder is a savings strategy where you create several locks with staggered expiration dates to take advantage of higher rewards on longer-term locks, while still keeping some of your HEX accessible in the near term. Laddering works best with people who put HEX in over a consistent period and time their withdrawals. It’s great if you have consistent HEX coming in. It provides you with a way to stay on a consistent plan while still earning more HEX. As each lock expires, you can scrape yield and re-lock. This produces a continuous flow of rewards each period.
Benefits of a Ladder:
-
You can take advantage of higher rates of yield on longer-term locks without locking up all your HEX for the longest period of time
-
If yield rates are rising, you can re-lock the HEX from shorter-term locks into new locks in higher yield
-
You have easier access to your HEX when life happens