xCLND

xCLND is an ERC-20 token generated when users convert their CLND on Colend.

Holding xCLND gives you voting power to reduce the borrowing cost of a specific pool, while earning additional rewards from participants who offer bribes to influence votes.

Key features

Vote to optimize your net APY

As a xCLND holder, you can vote to influence which pools receive liquidity incentives, helping lower your borrowing costs and optimize your net APY.

Vote to earn bribes

Voting for a pool allows you to earn additional rewards, called bribes, from participants who incentivize votes for that specific pool.

Vote to shape the protocol and share its future rewards

Your vote helps guide key partnerships and developments that can unlock new revenue streams for the protocol and those who shape it.

Conversion process

Conversion : You can instantly convert CLND into xCLND at a 1:1 ratio. Redemption : To redeem CLND from xCLND, you must choose a redemption period. The longer the period, the higher the conversion ratio, starting at 50% and gradually reaching 100% after 3 months. During the redeem period, xCLND can still be used for voting and earning, but only at 50% of its value. You can cancel the process at any time, restoring your xCLND without converting them to CLND.

Conversion ratios %

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

Follow the steps to convert your CLND into xCLND.