coinVXDEFI

vXDEFI

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About vXDEFI

Please note that the vXDEFI token is connected to the XDEFI token ( ) and so the information for the above 5 questions can be taken from there: 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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