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GRAIL and xGRAIL plugins
GRAIL can be purchased through the exchange tab or earned through farming after creating an spNFT position
GRAIL can be converted to xGRAIL at a 1:1 ratio under the xGRAIL tab. Additionally, xGRAIL can be earned from incentivized active farms
GRAIL is illiquid, and its value is directly correlated to the GRAIL value. One xGRAIL equals one GRAIL
Yes, GRAIL will reach its hard cap somewhere around 2026.
Deflationary mechanisms have also been implemented to reduce the total supply
xGRAIL is an essentially wrapped GRAIL and does not have its own maximum supply. The number of xGRAILs in circulation is equal to the number of GRAIL
- Convert GRAIL to xGRAIL
- Redeem xGRAIL to GRAIL through vesting
- Allocate xGRAIL to dividends to earn rewards
- Allocate xGRAIL through yield booster to boost your positions' APR
- Allocate xGRAIL to the launchpad plugin to get exposed to launchpad-related benefits
The yield booster allows boosting emissions APR% by allocating xGRAIL to a specific spNFT position. The boost in xGRAIL allocation depends on the number of users allocating to a particular asset. Note that a higher number of users allocating xGRAIL to a position will result in a lower APR, as the boost is shared among users
A portion of the transaction fees is distributed as dividends every week. Rewards are distributed continuously meaning that you can harvest pending rewards at any point
Yes, the epoch always lasts for 7 days
For detailed information on the launchpad plugin and its functionality, please follow the provided link
Last modified 3mo ago