Flux stake

Phoenix will be a perpetual Flux staker and own a percentage of all Titanx payouts from the Flux reward pools.

Mint phase- 28% of all Titanx that enters Phoenix during the 4 week mint phase will be used to create a Flux stake. The Titanx will be swapped to Inferno and then Flux and max staked 2888 days.

Received rewards allocation:

45% Buy & Stake Flux- Titanx will buy Inferno off market then Flux to be max staked at 2888 days. In the event a stake ends Flux is claimable to be sent back to the Flux Treasury to be restaked.

45% Phoenix buy & bid / buy & burn- Phoenix buy & bid/ buy & burn balance will be stored as Titanx, when a user calls the buy & bid/ buy & burn Titanx buys Inferno first and the Phoenix . The Phoenix brought is split 50/50 with half of the Phoenix brought being burnt forever and the other half being sent to the Phoenix auction balance.

5% sent to Titanx stake- One main priority for protocols in Titanx is to burn/stake Titanx off market. By utilising Phoenix's own Titanx stake we are able to take Titanx off market and directly benefit Phoenix in the process through increasing its share in the Titanx reward pools.

5% Genesis

All the above processes will be done through our Flux staking smart contract. All features are user callable so in this way all steps will be completely decentralised and callable by any user.

Additionally 6.5% of the Titanx received through the daily auctions will be sent to the Flux stake smart contract to buy Flux off market to be max staked.