xCLND

Token Overview

xCLND is created when CLND token is locked on the platform. It is an ERC-20 token used for voting on emission directions (ie. APYs) and earning bribes from Liquidity suppliers (aka Curators).

Key Features:

• Voting Power: xCLND holders can vote on liquidity mining allocations.

• Earnings: Holders earn interest from the market they vote for and receive bribes.

• Interest Distribution: Interest is distributed proportionally to voters in each epoch.

Conversion Process:

• Locking: CLND can be locked to create xCLND at a 1:1 ratio instantly.

• Redemption: When converting xCLND back to CLND, a redemption period is selected. The conversion ratio improves over time, from 50% to 100% (after 3 months).

• Flexible Unstaking: During the unstaking period, xCLND can still be used for voting and earning, but only at 50% value. The process can be canceled at any time, returning the xCLND without converting it to COLEND.

Conversion Ratios:

Unstaking Period	Conversion Ratio
15 days	50%
30 days	66.7 %
45 days	75%
60 days	83.3%
90 days	100%

Example : Alex decides to stake 500 CLND tokens on the platform. After participating in voting and earning rewards, Alex wishes to retrieve their tokens after a 2-month unlocking period (60 days).

According to the conversion percentage table, the 2-month (60-day) period corresponds to a conversion rate of 83.3%. Alex will therefore retrieve 416.5 CLND in exchange for their 500 xCLND tokens.