The platform is based on the synergy of two concepts: DEX (decentralized exchanges) and IRAs (Individual Retirement Accounts). Borrowing from the long-term investment idea behind a traditional IRA, dexIRA investors can grow their holdings commission-free similar to tax-free IRA contributions. This allows members to increase their stake in the reward pool over time without sacrificing initial capital.
After a one-year holding period, investors can sell their DEX holdings tax-free and penalty-free. However, similar to the age restrictions on a traditional IRA, if holders choose to sell early, they're penalized.