🛠️Utility

$XDEFI has four main utilities: staking, governance, gas abstraction, and premium features.

Staking

The $XDEFI token follows a veModel, which is a design originally pioneered by Curve. It allows token holders to stake and earn a share of XDEFI swap and bridge fees.

XDEFI generates revenue from swaps (both in-wallet and in our Web App), as well as single-sided staking (Zaps), which is a feature of our Web App.

-> 75% of the net revenue generated from all swaps, bridging and staking are used to buy $XDEFI on the open market. These purchased tokens are rewarded to token holders who stake $XDEFI.

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

Governance rights

Today, $XDEFI token holders and stakers can vote on XDEFI Wallet community proposals such as native chain integrations, new product features, and fee distribution. This gives holders a say in the development of the platform.

Gas abstraction (coming soon, est. Q4 2023)

XDEFI tokens can be locked up in a gas tank to cover gas costs for transaction signing within the wallet and when interacting with external dApps. This is done to provide a seamless and simplified user experience, without having to worry about storing gas tokens on each address.

Premium Features (est. 2024)

In the future, further utility for $XDEFI token holders will be launched including for example wallet skins & preferential access to certain XDEFI Campaigns.