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Exceed Finance Docs

Overview

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ADDRESSES

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USER GUIDES

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Mechanics and Infrastructure

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REWARDS AND POINTS SYSTEM

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Exceed Finance Overview

The Synthetic Staking Protocol

What is Exceed?

Exceed is a Stablecoin Yield and Synthetic Staking platform redefining how on-chain yield is generated and accessed. It is a vertically integrated protocol — spanning proprietary yield engines, a developer SDK, and a user-friendly frontend — built to deliver the highest yields for both institutional users and crypto-native participants.

Inspired by smart beta ETFs in traditional finance, Exceed applies systematic, rules-based yield generation to crypto — enhancing returns while maintaining transparency and simplicity.

Smarter, More Flexible, and More Rewarding Staking

We aim to make staking smarter, more flexible, and more rewarding — while keeping the experience simple, predictable, and fully transparent. Exceed acts as an infrastructure layer that upgrades how crypto assets are staked and used, unlocking better outcomes for users without adding complexity.

Dynamic Allocation

Unlike traditional staking solutions that are static and low-yielding, Exceed dynamically allocates capital between validator rewards and synthetic yield modules. This means users always earn the most competitive return possible — in both bullish and bearish markets — without needing to actively manage anything.

What is Synthetic Staking?

Synthetic staking is an advanced but transparent approach to staking. With Exceed, users earn not only blockchain security rewards (validator yield) but also market-based rewards, such as funding fees paid by traders. These two sources of yield are seamlessly combined through automated, rules-based logic.

When users stake with Exceed, they help secure both blockchains and crypto markets, contributing to greater stability across the ecosystem — and in return, they earn superior rewards.

In practice, users receive a synthetic liquid staking token (sLST) — such as pikSOL or pikUSDC — which grows in value over time, just like traditional LSTs. The user experience mirrors that of staking with popular protocols on Solana today, with no extra steps or complexity.

Why Exceed Exists

Staking, in its current form, leaves much to be desired. Yields are typically low, inflexible, and unresponsive to real-time market conditions. On the other hand, many newer “yield-enhancing” protocols introduce unnecessary complexity, lack transparency, rely on directional trading, and often do not offer principal protection — exposing users to avoidable risk.

Exceed takes a different path.

We’re building a robust, transparent infrastructure layer designed to:

  • Maximize staking efficiency in a predictable, risk-conscious way

  • Deliver higher returns through systematic, rule-based synthetic yield infrastructure

  • Maintain simplicity and transparency at every level of the user experience

Why You Should Care

Higher, More Sustainable Yields

  • Exceed is launching with 25% APY on SOL and 20% APY on USDC, partly funded with token incentives

Proven Performance

  • V1 has been live on Solana mainnet (private beta) since October 2024, consistently outperforming all benchmarks

Simple UX, Smarter Back-End

  • Familiar staking experience with transparent, automated optimization behind the scenes

How It Works (At a Glance)

  1. You deposit SOL or USDC

  2. Exceed mints a synthetic liquid staking token (e.g. pikSOL, pikUSDC)

  3. Your assets are dynamically allocated to either validator staking or synthetic yield modules — depending on which offers better performance

  4. The value of your sLST increases over time relative to the underlying asset, reflecting accrued yield

Withdraw anytime — standard withdrawals settle in 24–48 hours, or choose instant withdrawal (for a small fee) via our liquidity network

Switch Tokens

Switch Tokens Tab

The Switch Tokens tab allows you to seamlessly convert between respective Regular and Reserve staking tokens at any time. This lets you change staking modes and / or your staking assets without unstaking or interrupting your staking streak.

1. Token Selection Tab Choose which token pair you want to switch between.

2. Amount to Switch Enter the amount of your current staking token you'd like to switch from. You can click “MAX” to use your full available balance.

3. Tokens Recieved Displays the token and amount you will receive after the switch based on the current exchange rate and a switching fee if applicable. A switching fee is only applied when switching between sLSTs with different underlying assets, i.e. switching between USDC-based and SOL-based sLSTs.

4. Switch Button After entering your amount, click Switch and confirm the transaction in your wallet. The new tokens will be available in your wallet instantly.

6. Arrow Button Click the arrow to toggle between matching tokens (e.g., pikSOL ↔ pitSOL), and switch staking modes.

Regular Staking Yield

Regular Staking with Exceed provides a transparent, predictable, and real-time yield on your staked assets (SOL or USDC). Unlike other protocols where yields can be opaque or backward-looking, Exceed ensures users always know exactly what they’re earning.

How It Works

Weekly Updates

Synthetic Staking

What is Synthetic Staking?

Synthetic staking is an advanced but transparent approach to staking. With Exceed, users earn not only blockchain security rewards (validator yield) but also market-based rewards, such as funding fees paid by traders. These two sources of yield are seamlessly combined through automated, rules-based logic.

Founders Reserve Tab

Founders Reserve Tab

The Founders Reserve is an exclusive group of early supporters who gain access to premium benefits and long-term alignment with Exceed’s future. A total of 500 seats are available — split between Lifetime Seats and Competitive Seats — each granting elevated rewards, governance power, and recognition within the protocol. For more information visit the

1. Payment Method Toggle Select whether you want to purchase FXT Points using SOL or USDC. This choice determines which token you'll use for the transaction.

How to stake with Exceed

Choose Your Staking Mode

This is the first screen you’ll see in the Exceed dApp - the staking tab. You’ll start by choosing between two staking modes — depending on your yield goals and preferences.

Regular Staking

Yield is updated every Monday, based on the protocol’s performance from the previous week.

Forward-Looking Rates

The APY you see on the Exceed app is the actual yield you will earn during the current week — not a historical estimate.

Auto-Compounded

All yields are shown as annualized, compounded rates, meaning they account for reinvestment over time.

Transparent Inputs

Yields are derived from the underlying performance of Exceed’s synthetic yield engines — including JLP trading commissions, funding rates, and validator rewards. See the High-Yielding Synthetic USDC and SOL sections for an explanation of yield sources.

Token Incentives

Exceed rewards regular stakers with FXT points, calculated in real-time and added continuously to user balances.

  • Real-Time Calculation. Every 5 seconds, the protocol compares actual in-kind yield to target APY. The difference is minted as FXT points at a 100:1 ratio to future tokens

  • FDV Valuation Schedule. Initial rewards are calculated at a $50M FDV. The valuation escalates progressively to $100M, so earlier participants lock in more favorable conversion terms.

  • Program Duration. Incentives phase out automatically as TVL grows, rewarding the earliest stakers with the maximum benefits.

  • Vesting Schedule. Once FXT Points convert into Exceed Tokens at TGE:

    • 30% unlocks immediately

    • 70% vests linearly over 9 months, starting after a 3-month cliff.

What you see is what you get. No guesswork, no lag.

2. FXT Point Price
FXT Points are currently priced at $0.0005 per point but may increase in the future. All FXT Points can be redeemed 1:1 for Exceed Tokens at TGE.

3. You Pay (Input) Enter the amount of SOL or USDC you want to use to purchase FXT Points. The equivalent dollar value is displayed below.

4. You Recieve (Output) Shows how many FXT Points you'll receive based on the amount entered above.

5. Purchase Button Click Purchase to confirm your transaction and receive FXT Points. You’ll be prompted to approve the transaction in your connected wallet. You're now one step closer to joining the Founders Reserve.

6. Lifetime Seats Counter Shows how many of the 100 limited Lifetime Seats are still available. These seats are granted to users who purchase or earn (through reserve staking) 30M FXT Points and are non-competitive and permanent. Seats are awarded on a first past the line principle.

7. Competitive Seats Counter Displays how many of the 400 competitive seats are still available. These seats can be earned by reaching 2 million FXT Points (through reserve staking or purchase) and maintaining a 500-day staking streak. If you withdraw or lose eligibility, your seat may be reallocated to someone else who meets the criteria. You keep your seat even if others qualify as long as you don’t break your streak or sell your FXT / Exceed Tokens. The explainer on streaks is in another section.

Founders Reserve page.

High-Yielding Synthetic USDC

pikUSDC and pitUSDC are Exceed’s synthetic USDC products, offering USD-pegged exposure with significantly higher yield than traditional stablecoins — powered by crypto-native yield sources.

How Yield is Generated

Yield on synthetic USDC is derived from three core mechanisms:

JLP Trading Commissions

Exceed allocates capital into the JLP pool, which powers Solana’s leading Perps DEX, earning a share of trading fees and funding from perpetual traders.

Solana Basis Trade

Exceed runs a delta-neutral strategy by staking SOL while shorting SOL perps. This earns:

  • ~8% from staking SOL (inflation, fees, MEV)

  • ~12% from funding fees on short perp positions Together, this strategy offers stable, relatively high yield USD returns.

Crypto Risk Free Rate Switching

When market-based returns fall below the prevailing USD crypto risk free rate (the baseline stablecoin yield available on blue-chip borrow-lend protocols), Exceed automatically reallocates to those benchmark strategies. This includes either:

  • Switching to leading DeFi lending protocols on Solana (e.g. Kamino, DRIFT)

  • Alternatively, converting collateral into Franklin Templeton’s Benji Token to earn baseline yield from US Treasury Bills, via Exceed’s integration agreement with Franklin Templeton

This dynamic floor ensures that Exceed never underperforms what users could get from low-risk DeFi yield options.

Maintaining the $1 Peg

Exceed ensures synthetic USDC stays pegged to $1 through:

  • Redeemability of synthetic USDC at par value for USDC at any time

  • Real-time rebalancing to maintain delta-neutrality of collateral

Aallocations are always transparent and auditable via the protocol’s dashboard. Every pikUSDC and pitUSDC token is backed by productive collateral designed to maintain both liquidity and peg integrity under a wide range of market conditions.

Reserve Staking Yield (FXT Points)

Reserve Staking offers the highest rewards in the Exceed ecosystem — with yield paid in FXT Points, the future native token of the protocol.

How FXT Yield Works

FXT Points = Exceed Tokens

100 FXT Points will convert into 1 Exceed Token at the Token Generation Event (TGE).

APY in FXT Points

Your yield is calculated based on the amount staked and a target APY (e.g. 50–100%), using a fixed reference token price:

$0.005 per token, based on a target $500M FDV.

Formula:

Staked Amount × APY ÷ Token Price = FXT Points Earned

TGE Timeline:

The protocol will only conduct its TGE once it surpasses $300M in TVL, aligning with a target valuation of $500M–$2B.


Dynamic & Competitive

The APY for Reserve Staking is set by the protocol as a multiple of regular staking yield and may evolve over time. It is Calibrated to reward early adopters and long-term supporters.

Vesting Schedule

Once FXT Points convert into Exceed Tokens at TGE:

  • 30% unlocks immediately

  • 70% vests linearly over 9 months, starting after a 3-month cliff

Additional Notes

  • FXT Points are non-transferable

  • They accrue passively through Reserve Staking

  • They can also be purchased via the Founders Reserve tab for users who wish to accelerate accumulation — whether to secure a Founders Reserve seat or simply build a larger future stake

  • FXT Points represent a growing stake in the future of the protocol

Securing The Blockchain & The Markets

When users stake with Exceed, they help secure both blockchains and crypto markets, contributing to greater stability across the ecosystem — and in return, they earn superior rewards.

Recieve Your sLST

In practice, when staking with Exceed users receive a synthetic liquid staking token (sLST) — such as pikSOL or pikUSDC — which grows in value over time, just like traditional LSTs. The user experience mirrors that of staking with popular protocols on Solana today, with no extra steps or complexity.

Choose Regular Staking to earn yield through synthetic liquid staking tokens — pikSOL and pikUSDC. These tokens grow in value over time relative to their underlying assets. It’s a simple option designed for users who want to passively benefit from Exceed’s synthetic staking engine without needing to actively manage anything.

PiK stands for “Payment-in-Kind” — meaning your rewards are paid in the same token you deposit.

Reserve Staking

For users seeking higher APYs and deeper participation in the Exceed ecosystem, Reserve Staking offers an advanced path. When staking in Reserve mode, users receive pitSOL or pitUSDC — tokens that stay pegged 1:1 to the underlying asset. Instead of growing in value, rewards are accrued as FXT Points (Future Exceed Tokens), which can later be redeemed 1:1 for Exceed Tokens at TGE.

PiT stands for “Payment-in-Token” — rewards are paid in FXT Points rather than in-kind.

1. Navigation Bar The top navigation bar allows you to switch between the core protocol modules:

  • Stake: Stake your SOL or USDC using Regular or Reserve staking modes.

  • Switch Tokens: Move tokens between regular and reserve staking modes without unstaking.

  • Founders Reserve: Earn or Purchase FXT Points to claim a lifetime seat and unlock exclusive perks.

2. Regular Staking Regular Staking lets you stake SOL or USDC and receive pikSOL or pikUSDC - synthetic liquid staking tokens (sLSTs) that grow in value over time relative to their underlying token, earning you higher yields. By selecting "Stake" you will be directed to the Regular Staking tab.

3. Reserve Staking Reserve Staking lets you stake SOL or USDC to receive pitSOL or pitUSDC - synthetic liquid staking tokens (sLSTs) that stay 1:1 with their underlying asset, while earning FXT Points redeemable 1:1 for Exceed Tokens at TGE. Selecting “Stake” will take you directly to the Reserve Staking tab.

4. FXT Points Badge Shows the number of FXT Points you’ve earned or purchased once your wallet is connected.

5. Connect Wallet Button that allows you to connect your wallet in order to use the dApp.

Regular Staking

Regular Staking Tab

Once you've selected Regular Staking, you'll land on this screen. Here, you can stake SOL or USDC and receive pikSOL or pikUSDC - synthetic liquid restaking tokens (sLSTs) that grow in value over time relative to their base asset. Simply select your asset, enter the amount, and confirm the transaction to start earning yield.

1. Token Selection Tabs Switch between staking SOL or USDC. Your choice determines whether you receive pikSOL or pikUSDC.

2. Stake/Unstake Toggle Choose whether you want to deposit new funds (Stake) or begin the withdrawal process (Unstake).

3. Amount to Stake Enter how much SOL or USDC you want to stake. You can also click "MAX" to use your full available balance. Click "Stake" and confirm the transaction in your wallet. Upon confirmation, pikSOL or pikUSDC will automatically appear in your wallet.

4. Tokens Received Shows how much pikSOL or pikUSDC you'll receive based on the amount you've entered and the current exchange rate.

5. Stake Button After entering your amount, click Stake and confirm the transaction in your wallet to initiate staking.

6. Arrow Button This button lets you toggle between staking and unstaking modes. If you want to unstake, pikSOL will be converted back into SOL at the displayed exchange and considering a small withdrawal fee.

7. FXT Points Badge Shows the number of FXT Points you’ve earned or purchased. FXT Points are redeemable for Exceed Tokens at a 1:1 ratio on TGE.

8. Wallet Button Shows the connected wallet and allows you to manage wallet interactions (e.g. switch accounts or disconnect).

9. Back Button Takes you back to the previous screen where you choose between Regular and Reserve staking strategies.

Regular Unstaking Tab

By clicking the "Unstake" toggle, the interface switches to enable you to unstake your funds. The Regular Unstaking screen allows you to redeem your pikSOL or pikUSDC for SOL or USDC.

After selecting the amount you wish to unstake and confirming the transaction, your request enters a 48-hour withdrawal window. You’ll be able to monitor and manage your pending withdrawals directly from this screen.

1. Amount to Unstake Enter the amount you want to unstake. pikSOL will be converted into SOL and available to claim after 48 hours. Use the MAX button to automatically fill in your full balance.

2. Tokens Received Shows the amount of the SOL / USDC you will receive based on the amount of Exceed sLSTs you entered and the current exchange rate, taking into account a small withdrawal fee.

3. Unstake Button Click this button to begin the unstaking process. Once confirmed in your wallet, a pending withdrawal will be created. Funds will be available for withdrawal after a 48 hour period.

4. Pending Withdrawals A tab where you can monitor withdrawals and claim your funds. See the "Withdrawals" page for more information.

Withdrawals

Pending Withdrawals

Once you've unstaked and confirmed the transaction in your wallet, your request will appear in the Pending Withdrawals tab. Withdrawals are completed over a 48-hour period and follow a clear, three-stage process — described below and illustrated in the app interface.

Withdrawal Timing

Withdrawals are batched daily, with midnight UTC as the cutoff.

  • Requests submitted before midnight UTC will be claimable at midnight UTC the next day — i.e., settled in ~24 hours

  • Requests submitted after midnight UTC are included in the next batch — and become claimable in ~48 hours

Example:

  • If you unstake at 11:59 PM UTC, your withdrawal will be claimable in 24 hours

  • If you unstake at 12:01 AM UTC, it will be claimable in 48 hours

Actual unstaking duration ranges from 24 to 48 hours, depending on when your request enters the batching window.

1. Stage 1 — Pending (0–24 hours) This is the initial stage of the withdrawal period. During this time, your request is still cancelable. If you change your mind and want to continue staking, simply click the "Cancel" button. There is no fee for cancelling a withdrawal request. And your unstaking fee will also be returned in full.

2. Stage 2 — Committed (24–48 hours) Once the first 24 hours have passed, your withdrawal request becomes locked. It can no longer be canceled, and your funds are now in the final settlement window.

3. Stage 3 — Claimable (after 48 hours) When the full 48-hour period is complete, your withdrawal becomes claimable. The "Withdraw" button will activate, allowing you to transfer your SOL or USDC back to your wallet.

Reserve Staking

Reserve Staking Tab

For users seeking higher APYs and deeper participation in the Exceed ecosystem, Reserve Staking offers an advanced path. When staking in Reserve mode, users receive pitSOL or pitUSDC — tokens that stay pegged 1:1 to the underlying asset. Instead of growing in value, rewards are accrued as FXT Points (Future Exceed Tokens), which can later be redeemed 1:1 for Exceed Tokens at TGE. Choose your asset, enter the amount, and confirm the transaction to begin earning.

1. Token Selection Tabs Switch between staking SOL or USDC. Your choice determines whether you receive pitSOL or pitUSDC.

2. Stake/Unstake Toggle Choose whether you want to deposit new funds (Stake) or begin the withdrawal process (Unstake).

3. Amount to Stake Enter how much SOL or USDC you want to stake. You can also click "MAX" to use your full available balance. Click "Stake" and confirm the transaction in your wallet. Upon confirmation, pitSOL or pitUSDC will automatically appear in your wallet.

4. Tokens Received Shows the amount of pitSOL or pitUSDC you'll receive based on the amount you've entered. SOL and USDC are always 1:1 with pitSOL and pitUSDC.

5. Stake Button After entering your amount, click Stake and confirm the transaction in your wallet to initiate staking.

6. Arrow Button This button lets you toggle between staking and unstaking modes. If you want to unstake, pitSOL will be converted back into SOL at the displayed exchange rate minus a small withdrawal fee, as displayed on the screen.

7. FXT Points Badge Shows the number of FXT Points you’ve earned or purchased. FXT Points are redeemable for Exceed Tokens at a 1:1 ratio on TGE.

8. Wallet Button Shows the connected wallet and allows you to manage wallet interactions (e.g. switch accounts or disconnect).

9. Back Button Takes you back to the previous screen where you choose between Regular and Reserve staking strategies.

Reserve Unstaking Tab

By clicking the "Unstake" toggle, the interface switches to enable you to unstake your funds. The Reserve Unstaking screen allows you to redeem your pitSOL / pitUSDC for SOL / USDC respectively.

After selecting the amount you wish to unstake and confirming the transaction, your request enters a 48-hour withdrawal window. You’ll be able to monitor and manage your pending withdrawals directly from this screen.

1. Amount to Unstake Enter the amount you want to unstake. pitSOL will be converted into SOL and available to claim after 48 hours. Use the MAX button to automatically fill in your full balance.

2. Tokens Received Shows the amount of the SOL / USDC you will receive based on the amount of Exceed sLSTs you entered and the current exchange rate, taking into account a small withdrawal fee.

3. Unstake Button Click this button to begin the unstaking process. Once confirmed in your wallet, a pending withdrawal will be created. Funds will be available for withdrawal after a 48 hour period.

4. Pending Withdrawals A tab where you can monitor withdrawals and claim your funds. See the "Withdrawals" page for more information.

Risk at Exceed

Exceed is a synthetic yield infrastructure. Our architecture is designed from the ground up to deliver high-yielding, crypto-native assets — with risk controls embedded at every layer of the system.

How We Manage Risk

Built-In Stability

Tokenomics Overview

Exceed's tokenomics are designed with long-term alignment and transparency in mind. There are 100 billion tokens in total, with distribution centered around users and long-term growth — not short-term speculation.

Key Principles

High-Yielding Synthetic SOL

pikSOL and pitSOL are Exceed’s synthetic SOL products, designed to deliver enhanced yield while maintaining SOL exposure and capital efficiency.

How Yield is Generated

Yield on synthetic SOL is powered by three coordinated mechanisms:

1. JLP Trading Commissions

Exceed allocates capital into the JLP pool, which powers Solana’s leading Perps DEX, earning a share of trading fees and funding from perpetuals traders.

2. Perpetual Funding Rates

When funding rates are negative, Exceed may open long SOL positions on decentralized (Drift) or centralized (Binance) perpetual exchanges, collecting funding fees for its long SOL exposure.

3. Validator Rewards (Dynamic Switching)

When blockchain-native staking rewards (validator yield) exceed market-based returns, Exceed dynamically reallocates capital to traditional staking — ensuring users earn at least as much as they would via traditional staking providers. This switching mechanism guarantees baseline staking performance with upside when market conditions are favorable.

Maintaining SOL Exposure and Peg

To ensure that synthetic SOL 1:1 tracks the performance of native SOL:

  • The protocol uses a combination of JLP pool exposure, SOL-denominated derivatives, and validator staking

  • This allows Exceed to mirror SOL’s price behavior 1:1 while capturing yield from multiple sources

The peg is maintained through:

  • Redeemability of synthetic SOL at par value for SOL at any time

  • Real-time asset-liability matching

  • A transparent dashboard displaying real collateral composition

pikSOL and pitSOL are always backed by yield-generating collateral, with built-in protections to prioritize peg stability and risk-adjusted yield.

Community Eats First

Users are at the heart of the Exceed ecosystem. The largest share of tokens is allocated to users via the FXT Points system, rewarding early participation and long-term engagement.

Clear, Real-Time Rewards

Unlike most points programs, FXT Points are fully transparent and simple:

  • 100 FXT Points = 1 Exceed Token at TGE

  • Your token rewards are updated in real time

  • TGE timing is public and TVL-dependent ($300M target) — no uncertainty

Team-Aligned, Long-Term

The team is on a 4-year vesting schedule, with:

  • 1-year cliff

  • 3 years of daily linear unlocks

This reflects deep commitment to building the protocol for the long haul — not cashing out early.

Built by the Team, For the Users

Exceed is founded by builders who are also users — and who are designing the system they wish existed. The result is a protocol where users come first, and ownership is earned through contribution.

Community-Funded, Not VC-Driven

Exceed is currently self-funded by founders. While the protocol may raise strategic venture capital in the future, it will be limited to 2–4% of total token supply at most — preserving the protocol's user-owned foundation.

Exceed's synetheic LSTs are redeemable at par value for the underlying assets at any time. Every synthetic token is backed by yield-generating collateral.

Delta-Neutral & Pegged by Design

Through derivatives and dynamic exposure management, the protocol maintains delta-neutrality and full SOL exposure — keeping value stable in USD terms for USDC-based synthetic assets and in SOL terms for SOL-based ones.

Automatic Yield Adaptation

Our infrastructure adapts to markets in real time. When validator yields or benchmark stablecoin rates outperform market-based sources (e.g. fees, funding), Exceed reallocates automatically — ensuring users always earn competitive returns.

Liquidity-First Architecture

Underlying collateral is liquid and composable. Even during market stress, collateral can be efficiently unwound with minimal cost — ensuring timely redemption.

Secure & Transparent Custody

Colalteral is held in institutional-grade, non-custodial wallets (Fireblocks). This setup minimizes both operational and custodial risk.

TradFi-Backed Fallbacks

In extreme scenarios, the protocol can shift colateral into Franklin Templeton’s tokenized treasury Benji fund, providing a crypto-to-TradFi safety rail that anchors value to regulated, USD-denominated assets.

Audited, Battle-Tested Code

All smart contracts have been audited by top-tier security firms and rigorously tested. Ongoing monitoring and structured internal reviews ensure continued protocol integrity. Check our latest aduit by Quantstamp here:

Liquid Staking Program Addresses

Programs

Liquid Staking Program Address: par1tyqusak2f2DXg9RHv78SVHNWXkJLSbtJZQSuWjV

Pairs

The Liquid Staking Program uses a "Pair" model to ensure that every LST issued is backed by an underlying token. Each pair maintains:

  • An associated token account for the base token (receives deposits)

  • An LST mint with configurable decimals matching the base token

  • Dynamic exchange rates that compound yield over time based on APR and time intervals

  • Configurable fees (stake, swap, withdrawal) up to 25% (2500 bps)

Type
Address
Type
Address

Withdrawal Windows

Withdrawal windows batch withdrawal requests for processing. Each window has:

  • Time boundaries: start_time, end_time, earliest_withdrawal_time, expiration_time

  • Capacity limits: max_withdrawal_amount (in base tokens)

Finding a Withdrawal Window

Window Lifecycle

  1. Creation: Window authority creates a window with time parameters and max withdrawal amount

  2. Request Period: Users can request withdrawals between start_time and end_time

  3. Funding: After end_time, deposit authority funds the window with requested_withdrawal_amount base tokens

Account Derivation Seeds

Here are the PDA seeds used to derive each account type in the program:

Core Accounts

Access Control

Pair

LST Mint

Withdrawal Accounts

Withdrawal Window

Withdrawal Request

Finding Withdrawal Window Addresses Manually

To manually derive a withdrawal window address, you need:

  1. The pair address - e.g., J6szVgxaWyCrvKJHfjrV6CzbFUcvfgu7KqQ7gJ1DtWii for pikSOL

  2. The window's start time - Unix timestamp as an i64

  3. The program ID - par1tyqusak2f2DXg9RHv78SVHNWXkJLSbtJZQSuWjV

Manual Derivation Example:

Key Points:

  • The start_time must be converted to little-endian i64 bytes (8 bytes)

  • Each unique start_time creates a different withdrawal window

  • Windows are immutable once created - the start time becomes part of the address

Streaks & Loyalty

Streaks are Exceed’s loyalty system — a transparent and consistent way to reward long-term participation in both Regular and Reserve staking. By staking daily, users earn Streaks that unlock higher yields, increase engagement, and pave the way to exclusive benefits like the Founders Reserve.

How Streaks Work

  • You earn 1 Streak per day for each staking mode:

Founders Reserve

The Founders Reserve is an exclusive group of early supporters who gain access to premium benefits and long-term alignment with Exceed’s future. A total of 500 seats are available — split between Lifetime Seats and Competitive Seats — each granting elevated rewards, governance power, and recognition within the protocol. See the Founders Reserve Section for more details.

Benefits of the Founders Reserve

Members of the Founders Reserve receive:

  • 1 Streak for Regular Staking

  • 1 Streak for Reserve Staking

  • That means you can earn up to 2 Streaks per day

  • More ways to earn Streaks (e.g. through referrals) are coming soon

  • You can stake as little or as much as you like to earn Streaks. Even staking just 10 USDC qualifies — this system rewards consistency, not capital size.

    Streaks are awarded per staking mode, not per asset. So even if you stake both pikSOL and pikUSDC, you will earn 1 Regular Streak per day.

    Rewards & Milestones

    Streaks aren’t just about long-term goals — users are rewarded progressively. As your streak count grows, your APY increases across both Regular and Reserve staking.

    Streaks
    Days of Staking (at 2/day)
    APY Boost

    100

    ~50 days

    +5% APY

    200

    ~100 days

    +10% APY

    300

    ~150 days

    +15% APY

    Progress Toward Founders Reserve

    At 500 Streaks (currnetly achievable in ~250 days at the 2/day max), users become eligible for a Competitive Seat in the Founders Reserve, provided they also meet the required FXT Points threshold.

    Streaks are not just a yield boost — they are your path to long-term status, protocol-level perks, and deeper alignment with Exceed.

    The Streak counter caps at 550.

    Withdrawals & Streak Penalties

    To keep the system fair and reward long-term engagement:

    • You can withdraw up to 5% of your stake per week with no penalty

    • If you withdraw more than 5%, you will incur a proportional Streak reduction

    Example: Withdrawing 50% of your position results in 50% fewer Streaks

    This ensures flexibility for users who need liquidity, while maintaining strong incentives for ongoing participation.

    Exclusive access — limited to 500 seats
  • Revenue share — earn 5% of protocol fees

  • Higher staking APYs — 15% boost

  • Governance — vote and help shape the future of Exceed

  • Transferable access — seats are represented as NFTs

  • How to Qualify

    There are two ways to earn a seat:

    1. Lifetime Seat (100 seats total)

    Earn or purchase 3 billion FXT Points to secure a permanent, non-revocable seat. Once you meet the requirement, the seat is yours for life, regardless of future activity.

    2. Competitive Seat (400 seats total)

    Hold at least 200 million FXT Points and maintain a 500-day staking streak to claim a Competitive Seat.

    These seats are yours to lose — meaning:

    • You keep your seat as long as you maintain eligibility (staking streak + token holdings)

    • You only lose your seat if you withdraw, sell, or break your streak

    Both tracks follow a first-past-the-line principle: Seats are allocated in real time to users who meet the criteria first. Once filled, further participants will need to wait for a seat to open up.

    Live Leaderboard

    A real-time leaderboard will be available in the dApp, showing:

    • How many Lifetime and Competitive Seats remain

    • Your current standing vs. others

    • How close you are to qualifying

    This ensures full transparency and allows users to track progress and stay competitive in real time.

    Two Ways to Get In

    Stake Your Way In

    Stake SOL or USDC through Reserve Staking to earn FXT Points and build your staking streak. This lets you progress naturally toward a Competitive or Lifetime Seat.

    Stake to Qualify

    Fast Track Your Access

    Purchase FXT Points directly to accelerate your progress toward a Founders Reserve seat. This is ideal if you're looking to secure a seat early and unlock benefits immediately.

    Buy FXT Points (Soon)

    Deposit caps and minimum deposit requirements

    LST Mint Address

    8B9vL4c9w5HiyFXdPT8Z8hgFvSeZ14Y5DxjCZyRSTf4z

    Tracking fields: requested_withdrawal_amount, total_lst_burned, withdrawn_amount
  • Funding status: is_funded flag indicates if the window has been funded with base tokens

  • Execution Period: Users can execute withdrawals between earliest_withdrawal_time and expiration_time

  • Closure: Window authority closes the window after all withdrawals are executed

  • To find an existing window, you must know its exact start time or enumerate all windows using the GPA builder

    Pair Address

    J6szVgxaWyCrvKJHfjrV6CzbFUcvfgu7KqQ7gJ1DtWii

    LST Mint Address

    8tbk3FoJwsgNtK3osT3XQ5iJnkuocrzAgPVkdkpZMsBi

    Pair Address

    EwqMpnBHKEd537E37kcsNU9Qi82uukjVAXsC8K5Kswt7

    // Find a withdrawal window by unix timestamp
    const unixTimestamp = Math.floor(Date.now() / 1000); // or getUnixTime(yourDate)
    
    const [withdrawalWindowAddress] = findWithdrawalWindowPda(
        umi,
        pairAddress,
        unixTimestamp
    );
    
    // Fetch the window data
    const windowSerializer = getWithdrawalWindowAccountDataSerializer();
    const windowAccount = await umi.rpc.getAccount(withdrawalWindowAddress);
    const [window] = windowSerializer.deserialize(windowAccount.data);
    
    // Or fetch all windows using the GPA builder
    const windowGpaBuilder = getWithdrawalWindowGpaBuilder();
    const allWindows = await windowGpaBuilder.get();
    
    seeds: [b"access_control"]
    
    seeds: [
        b"pair",
        base_token_mint.key(),
        lst_mint.key()
    ]
    
    seeds: [
        b"lst_mint",
        symbol.as_bytes()  // e.g., "pikSOL"
    ]
    
    seeds: [
        b"withdrawal_window",
        pair.key(),
        start_time.to_le_bytes()  // i64 as little-endian bytes
    ]
    
    seeds: [
        b"withdrawal_request",
        withdrawal_window.key(),
        staker.key()
    ]
    
    import { PublicKey } from '@solana/web3.js';
    
    // Convert unix timestamp to little-endian bytes
    function timestampToBytes(unixTimestamp: number): Buffer {
        const buffer = Buffer.alloc(8);
        buffer.writeBigInt64LE(BigInt(unixTimestamp));
        return buffer;
    }
    
    // Manual PDA derivation
    const programId = new PublicKey('par1tyqusak2f2DXg9RHv78SVHNWXkJLSbtJZQSuWjV');
    const pairAddress = new PublicKey('J6szVgxaWyCrvKJHfjrV6CzbFUcvfgu7KqQ7gJ1DtWii');
    const startTime = 1704067200; // Example: Jan 1, 2024
    
    const [withdrawalWindowAddress, bump] = PublicKey.findProgramAddressSync(
        [
            Buffer.from('withdrawal_window'),
            pairAddress.toBuffer(),
            timestampToBytes(startTime)
        ],
        programId
    );
    
    console.log('Withdrawal Window Address:', withdrawalWindowAddress.toString());
    
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