🚀Staking $XDEFI

Overview

You can stake $XDEFI tokens, view the current APY, and key staking metrics at: https://app.xdefi.io/stake

Staked $XDEFI tokens auto-compound and can be withdrawn at any time.

What is vXDEFI?

• When you stake $XDEFI tokens, you receive $vXDEFI.

• $vXDEFI represents your claim on the pool of staked $XDEFI and $XDEFI rewards.

• You can convert between $XDEFI and $vXDEFI at any time. There is no fee involved other than standard ETH network fees.

• 75% of all swap and bridge fees from all XDEFI products are paid to the $vXDEFI pool and distributed to stakers.

• Note: in the near-term, $XDEFI staking rewards will continue to be supplemented with funds from the XDEFI treasury.

Why is there an exchange rate between $XDEFI and vXDEFI?

• When you stake $XDEFI you are swapping it for a claim on the overall staking pool.

• As more people enter the staking pool, and as more $XDEFI rewards are added to the pool, the relative value of each claim changes.

• The amount of $XDEFI tokens you can withdraw will always be greater than or equal to the amount you deposited.

  • You will not lose any $XDEFI tokens by staking them.

  • The USD value of $XDEFI will change over time, so the overall USD value of your tokens might be more or less compared to when you staked.

Notes:

• When you stake $XDEFI tokens you will always be entitled to remove those tokens (plus any rewards you have already earned) at any time.

• So you will always be able to withdraw at least the same number of $XDEFI tokens as you staked.

• The USD value of your staked $XDEFI will of course vary and fluctuate according to market conditions.

• There will be gas fees to pay when you stake and unstake (and withdraw) $XDEFI (for both the old and new staking contracts).