Dear users,
To support the development of Umbrella (UMB), AscendEX updates the Umbrella (UMB) Staking rules, which will come into effect starting at 2:00 a.m. UTC, Jun. 11, 2022. See details below:
PC Clients: Please click HERE to participate in UMB Staking
APP Clients: Please click “Staking” on the homepage to participate
New UMB Staking Rules:
| Deposit Token | UMB |
| Reward Token | RUMB2 |
| Minimum Deposit Amount | 1,500 UMB |
| Maximum Deposit Amount | N/A |
| Deposit Term | Deposit and redeem anytime |
| Reward Calculation Starting Time | T+1 Days |
| Reward Distribution Starting Time | T+2 Days |
| Reward Distribution Cycle | Daily |
| Minimum Redemption Amount | 1,500 UMB |
| Regular Unbonding Period | 2 Days |
| Instant Unbonding (Real-time arrival) | Supported |
| Instant Unbonding Fee | 1% |
| Compound Mode | Not Supported |
Notes: UMB Staking rewards distributed in the form of RUMB2 tokens. RUMB2 is non-tradeable. RUMB2 will be redeemable for UMB in late 2022/early 2023. This RUMB2 for UMB exchange process will take 6 months or less.
Thank you for your continued support!
The AscendEX Team
Website: https://ascendex.com
Twitter: https://twitter.com/_AscendEX
Telegram Group: https://t.me/AscendEXEnglish
