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 TokenUMB
Reward TokenRUMB2
Minimum Deposit Amount1,500 UMB
Maximum Deposit AmountN/A
Deposit TermDeposit and redeem anytime
Reward Calculation Starting TimeT+1 Days
Reward Distribution Starting TimeT+2 Days
Reward Distribution CycleDaily
Minimum Redemption Amount1,500 UMB
Regular Unbonding Period2 Days
Instant Unbonding (Real-time arrival)Supported
Instant Unbonding Fee1%
Compound ModeNot 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

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