$xCOFFEE
Last updated
Last updated
xCOFFEE is a novel innovative token from Coffee Dex. When you provide liquidity on CoffeeDex, the rewards you receive consist of 70% $COFFEE and an additional 30% in xCOFFEE. The xCOFFEE serves three primary purposes:
xCOFFEE can be vested over a period of 30 days, allowing it to linearly unlock and become entirely $COFFEE.
xCOFFEE can be directly converted into veCOFFEE, which is locked for up to 2 years. You can use veCOFFEE to vote on pairs, enabling you to earn all the transaction fee income and bribe income from that pair.
xCOFFEE can also be immediately converted to $COFFEE, but this conversion will only yield 70% of the original $COFFEE value.
xCOFFEE mechanism is inspired by Ramses's xoRAM , kudos to their work!