Mining Process

P2X's mining process provides an equitable strategy within DeFi, offering participants up to 2X ROI on PLS deposits while ensuring the protocol's longevity and community engagement.

Overview

The mining mechanism in P2X is a core feature designed to incentivize full-term holding and participation within the ecosystem. Depositing PLS is not just a means of earning 2X from their miners but is a strategic tool for sustaining the overall health and value of the ecosystem.

2X Max ROI

P2X introduces a maximum of a 2X ROI on PLS deposited. As users deposit PLS in the Auction House, they participate in the overall mined PLS. This feature prevents large whales from manipulating the system and opens the door to equitable participation in the system.

Early Miner Termination

There is no early-end miner penalty, but users will be informed if their ROI is less than their original principle. Users can end their miner on any subsequent day of starting it as they wish.

Yield Accumulation

In the P2X protocol, yield accrues per share of the miner's position proportionally to the overall participation in the Auction House and mining pool ultimately. However, it is important to note that this mined yield does not contribute to the mining share. The yield mechanism is designed to reward miners for their commitment, with the rewards proportional to the mined amount and duration.

Role of Mining in the Ecosystem

Mining in P2X is more than just a passive income strategy. It plays a pivotal role in regulating the protocol's dynamics. Mining allows user to participate as they choose, doing the work, starting their miners, and contributing to the overall experience of the P2X ecosystem.

Conclusion

Mining within P2X is a well-thought-out process, aimed at promoting continual participation in the protocol. It balances the need for attractive rewards for miners while ensuring the stability and sustainability of the protocol's life. By participating in mining, users are not just earning a 2X on their PLS contributions; they are contributing to the robustness and success of the P2X ecosystem.