When REX?

Proposed by
Dan Larimer B1
2 Aug 2018 134 Days
First REX
Version released
13 Dec 2018 43 Days
Initial code review by
EOS Authority
Details of code review here 56 Days
Testing and Ongoing Improvements Mar 2019
Stable version
ready to deploy
REX
Available
Block Producer
15 of 21 approval

The approximate time to the next update

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PROJECT STATUS:Testing underway on REX Release Candidate 3

Amazing benefits for
EOS holders

EOS Holders

Passive income for EOS Holders

  • Lease out your tokens

    The majority of token holders have spare EOS tokens that are unused. You earn an income from these unused tokens

  • Instant liquidity

    Under normal circumstances after the initial 4-day maturity period, your tokens can be withdrawn instantly.

  • Control tokens

    Your tokens remain within your account and you maintain full control of your EOS.

EOS DApps

Easy access to EOS Resources

  • Lease what you want

    You are able to lease as much or as little as you want. There is no upper or lower limit set.

  • One month lease

    The monthly lease can be set to renew for the same payment amount. No long term contracts

  • Single token market

    Single location to rent CPU or Net resources with all the leasing payments made in EOS token.

Good news is our REX interface will have all these features,
it is tested and now waiting for REX release.

Frequently Asked Questions

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  • What is REX?

    REX (Resource Exchange) started as a proposal by Dan Larimer on Aug 2018. The idea is to be able to allow token holders to Lease out their spare EOS tokens to Dapps or others that need resources in return for "rent" and access to community funds like RAM fees and name auction fees.

  • What kinds of returns are expected?

    REX is a system contract and will be deployed on the account eosio.rex. As token holders you convert your EOS into REX as a unit of account. The REX tokens increase in value as other fees are added to the eosio.rex account from namebids, ram fees and payments to lease the tokens.

  • Are my tokens locked or inaccessible?

    There is a 4 day maturity period. When you convert your EOS tokens to REX, the system enforces a 4 day wait period before you are able to convert them back into EOS tokens. After this 4 day wait period, you tokens can be converted instantly to EOS tokens. There is a potential 30 day wait incase of a liquidity crunch.

  • Can I lock away my EOS tokens like how I stake them?

    We requested this as an opt-in feature to Block.one. Now as part of REX Release Candidate 2 released in February 2019 you are able to move your REX tokens into a savings account. This essentially gives you a 4 day wait period before your REX tokens can be converted to EOS.

  • How do I get ready for REX?

    REX is very close to final deployment but still under active testing and development. If you are a token holder that holds EOS on a wallet, no further action is necessary at this stage. You don't have to unstake your tokens. If you haven't used EOS on the mainnet, just pick a wallet like Scatter and wait for an announcement on this page.

  • Is there a voting requirement?

    REX enforces a voting requirement prior to being able to lease out tokens. To be able to hold REX, the token holder will have to vote for a proxy or a minimum of 21 Block Producers. If you chose to use a proxy to assign your vote weight, the proxy can choose between 0 or 30 Block producers to support.

  • What if I need to buy CPU resources?

    All tokens are leased out for 30 days. As a Dapp or token holder looking for CPU, a payment is made for the resources and the system will assign EOS tokens based on bancor rates. We are able to estimate the amount of tokens but the actual leased out tokens could vary based on demand. The voting requirement does not apply.

  • When can I expect to see REX in action?

    REX is under constant development and testing by EOS Authority. Block.one have been amazing and responding to a lot of feature requests. We've also uncovered bugs in the early release candidates which they have fixed quickly. We are conducting code reviews and also reviewing the system from an economic/token/initialisation point of view. This page will be constantly updated. Stay tuned for updates.