Digital Currency X (DCX) Technology announced the execution of a staking agreement with EdgeAI Foundation to stake a portion of its EdgeAI token holdings. Under the terms of the agreement, DCX will stake over 100M EdgeAI tokens to a Foundation-designated smart contract for a term of 12 months. The staking arrangement provides for a floating annualized yield of 3.5% to 8%, with rewards distributed in EdgeAI tokens. Upon maturity, staked tokens will automatically be unlocked and returned to DCX unless the parties agree in writing to renew the arrangement. The agreement enables DCX to generate yield on its digital asset treasury holdings while maintaining exposure to the EdgeAI ecosystem. All staking rewards will be paid in EdgeAI tokens, and the Foundation has committed to ensuring the proper operation of the mainnet and reward distribution systems.
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