More about vXDEFI
Please note that the vXDEFI token is connected to the XDEFI token (https://www.coingecko.com/en/coins/xdefi ) and so the information for the above 5 questions can be taken from there: https://www.coingecko.com/en/coins/xdefi
XDEFI token holders are able to stake their XDEFI tokens and when they do, they receive vXDEFI in exchange, which is a transferable and fungible token. So, for every 1 XDEFI token staked, the staker receives 1 vXDEFI token in return.
vXDEFI represents the staker’s percentage ownership of the entire vault receiving the rewards in XDEFI coming from the fees collected by XDEFI.
There is no lock-up period and rewards will auto-compound until stakers decide to convert their vXDEFI back into XDEFI tokens.
vXDEFI tokens can also be used to vote on XDEFI community proposals via Snapshot.
XDEFI token holders are able to stake their XDEFI tokens and when they do, they receive vXDEFI in exchange, which is a transferable and fungible token. So, for every 1 XDEFI token staked, the staker receives 1 vXDEFI token in return.
vXDEFI represents the staker’s percentage ownership of the entire vault receiving the rewards in XDEFI coming from the fees collected by XDEFI.
There is no lock-up period and rewards will auto-compound until stakers decide to convert their vXDEFI back into XDEFI tokens.
vXDEFI tokens can also be used to vote on XDEFI community proposals via Snapshot.
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