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.

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.