Etherex Liquid Staking Token (REX33): What It Is

Etherex Liquid Staking Token (REX33) is a token issued on Linea and associated with the Etherex decentralized exchange ecosystem. Public descriptions identify REX33 as a liquid staking derivative of xREX, Etherex’s governance token. In this context, “liquid” means the derivative can be held or traded rather than being only a locked voting position. Public sources do not specify the exact conversion, redemption, or staking process, so REX33 should not be assumed to be redeemable for xREX on demand or at a fixed rate. It is also not Linea’s native gas token. The token’s stated relationship to xREX is the clearest guide to its role; details such as the rights attached to each REX33 or the conditions for obtaining it should be checked in Etherex’s current documentation before taking action.

Etherex’s xREX is described as a token used to vote on how liquidity incentives are allocated. The voting takes place weekly and concerns gauged liquidity pools. REX33 is described as a liquid derivative of xREX, giving holders a tradable token linked to that governance position. This may make it relevant to people who want exposure to Etherex’s voting ecosystem while holding a token that can be transferred or traded. However, the relationship does not by itself establish that every REX33 holder can vote directly, that voting power is delegated automatically, or that REX33 earns a particular reward. Those mechanics depend on Etherex’s current contracts and rules. Treat governance participation, incentive eligibility, and any returns as unconfirmed unless the project’s current documentation explains how they work.

REX33 is issued on Linea, an Ethereum layer-2 network. A wallet or exchange must support Linea for a transfer or trade on that network; sending tokens to an incompatible network or address can result in loss. As of 2026-11-05, the reported circulating and total supply were both about 108.3 million REX33. No maximum supply was reported, which does not establish that supply is unlimited. The reported market capitalization was about $794,000, with a similar fully diluted valuation because reported circulating and total supply matched. These figures change over time and are not measures of safety or expected performance. REX33 is a relatively small token by market capitalization, so quoted prices and available liquidity may vary between trading venues.

REX33 carries the risks of both a tradable token and a DeFi governance derivative. Its market price can move sharply, and a holder may not be able to sell a desired amount at the displayed price if liquidity is limited. The token’s value may also depend on the demand for Etherex governance positions and on how xREX and REX33 interact. Smart-contract bugs, exploits, changes to protocol rules, or problems on Linea could affect access or value. Public sources do not establish a guaranteed redemption route, a fixed exchange rate with xREX, or guaranteed staking rewards. Before using a pool or staking feature, check the current contract mechanics, fees, lockups, and exit conditions. Do not treat past market prices or published supply figures as a forecast.

To hold REX33 yourself, use a wallet that supports Linea and confirm that it can display and send the correct token before transferring funds. Verify the token’s official contract address through Etherex’s own current channels; similarly named tokens can be counterfeit. Never send REX33 to an address on another network unless the receiving service explicitly supports that route. Keep your wallet’s recovery phrase and private keys offline and secret, and be wary of anyone asking you to share them or approve an unexplained transaction. If using an exchange or DeFi app, check its supported network, withdrawal rules, and any relevant fees. Self-custody gives you control of the keys but also makes you responsible for securing them and checking each transaction.