According to the amount of EQX, EQIFI’s Native Token, a user decides to stake, they are being rewarded with incremental benefits. You can check out the exact benefits in the "What benefits staking levels give you as an EQIFi User" article.
To reach a certain staking level, you will need to deposit a certain amount of EQX in EQIFi's Staking Product. The levels count as follow:
- Tier 1: 10,000+ EQX
- Tier 2: 70,000+ EQX
- Tier 3: 200,000+ EQX
- Tier 4: 1,000,000+ EQX
The Tier level takes into account just the funds you have deposited into the Staking Product. If your rewards add up and you reach a new threshold, the Tier will not be upgraded.
For example, if you have staked 180,000 EQX, you will automatically be in the 2nd Tier. If, after a period of time, your rewards add up to 210,000 EQX, you will remain at Tier 2. To be upgraded to Tier 3, you will need to deposit more funds from your wallet, in this case, at least 20,000 EQX.