I've converted my EOS to REX and what else do I need to do to earn interest on REX? Do I get interest in EOS or REX and how do I withdraw this interest? Is the dividend daily or every minute?
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1 Answer
Once you have buy REX token you just have to wait for the rex token price to goes up in the market with this formula
REX price = (Total Lent + Total Unlent) / Total REX
To withdraw the dividend you would have to calculate and sell just the amount of the REX price that has been added to your REX total
I think the extra REX is calculated live, so you get your gains every seconds
I got my info from this link and this is the best guide I have find:
https://medium.com/eos-new-york/the-ultimate-guide-to-rex-participation-on-eos-9cc0e449b320
Great picture of the whole system:
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You cant stake your REX since lend them, but you can save them which give you the same security as stacking them Commented Jul 8, 2019 at 22:58