Utility
$XDEFI token has four main utilities:
Staking
XDEFI Technologies created a staking contract that follows a veModel, which is a design originally pioneered by Curve. It allows token holders to stake and earn a share of XDEFI Technologies products revenues.
XDEFI generates revenue from swaps (both in-wallet and platforms integrating the Routing API), 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 them.
INFO
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 community proposals such as native chain integrations, new product features, and fee distribution.
This gives holders a say in the development of the platform.
You can vote, view historical governance proposals and results on Snapshot website.
Gas abstraction
est. Q1 2024
This feature will permit $XDEFI tokens to 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.