XDEFI Wallet distributes 1.2% of $XDEFI tokens to LUNAtics via Pylon Pools!
NOTE — We will launch the XDEFI-UST CW20 liquidity pool after the Astroport launch (28th of December).
- The $XDEFI CW20 contract address is terra169edevav3pdrtjcx35j6pvzuv54aevewar4nlh.
- https://finder.terra.money/mainnet/address/terra169edevav3pdrtjcx35j6pvzuv54aevewar4nlh. Stay safe.
1.2% of the $XDEFI total supply will be distributed via 3 Pylon Pylon Pools over a 2 year vesting period.
Each Pylon Pylon Pool has 3 parameters:
- Token allocation - Amount of $XDEFI tokens allocated in the Pylon Pool.
- Vesting period - Vesting period of the Pylon Pool — its life expectancy.
- Lock period - Lock period before being able to start claiming XDEFI rewards.
$XDEFI Pylon Pools summary
Pools with longer vesting and lock periods have significantly more $XDEFI tokens allocated to them.
60% of proceeds from the $XDEFI Pylon Pools will be distributed to Terra ecosystem grants and charity:
- 50% of the proceeds from the $XDEFI Pylon Pools will be used to provide non-dilutive grants to early-stage Terra ecosystem projects (details TBA).
- 10% of proceeds from the Pylon Pools will be donated to the Angel Protocol.
How does it work for depositors?
- You must have at least 10,000 $MINE staked in your wallets to be able to deposit $UST in a Pylon Pool (instructions at the end of the article).
- Deposit $UST in one or more of the XDEFI Wallet Pylon Pools. You will own a pro-rata % of that Pylon Pool.
- $XDEFI will be regularly issued to depositors. The amount of $XDEFI tokens that each depositor will receive depends on: the number of tokens allocated to the Pylon Pool, the vesting period of the Pylon Pool, and the % of the Pylon Pool owned by the depositor.
- You can only start claiming $XDEFI and withdraw $UST at the end of the pool’s lock period.
How to deposit?
- Go to Pylon Gateway and connect your XDEFI Wallet.
- Deposit $UST in the Pylon Pools of your choice and confirm the transaction.
- Start claiming rewards after the end of the lock period.
Note: If you don’t own $UST, you can buy it directly from your XDEFI Wallet
How to stake 10,000 $MINE.
- Go to Pylon Money and connect your XDEFI Wallet
- Click on Stake or Unstake
- Stake 10,000 $MINE and confirm the transaction
Note: if you don’t own $MINE, you can buy it on Terraswap.