Why to lock your $XCAL tokens?
1️⃣ Anti dilution rebases
2️⃣ Trading fees
3️⃣ Bribes
4️⃣ Airdrops
5️⃣ NFT airdrops
6️⃣ Future ecosystem fees and airdrops
Lets dig in (again) to the benefits of locking early in a solidly dex like @3xcalibur69 ..
👇🧵
1️⃣ Anti dilution rebases
2️⃣ Trading fees
3️⃣ Bribes
4️⃣ Airdrops
5️⃣ NFT airdrops
6️⃣ Future ecosystem fees and airdrops
Lets dig in (again) to the benefits of locking early in a solidly dex like @3xcalibur69 ..
👇🧵
1/
There are currently 1,77m locked $XCAL tokens
This number is steadily growing by around 10% daily right now as more people realize the benefit of locking
This is 10% of all minted tokens, but 19% of circulating supply (incl treasury)
There are currently 1,77m locked $XCAL tokens
This number is steadily growing by around 10% daily right now as more people realize the benefit of locking
This is 10% of all minted tokens, but 19% of circulating supply (incl treasury)
2/
1️⃣ Anti dilution rebases
For every full epoch you are locked you will be able to claim an anti dilution rebase to your locked $veXCAL position.
This means you will maintain the same voting % for the foreseeable future
(Applies to emissions, not already minted tokens)
1️⃣ Anti dilution rebases
For every full epoch you are locked you will be able to claim an anti dilution rebase to your locked $veXCAL position.
This means you will maintain the same voting % for the foreseeable future
(Applies to emissions, not already minted tokens)
3/
The formula for $veXCAL rebases is
total locked tokens × minted tokens / total supply
✅️ Napkin math APR for rebases last epoch was 90% APR
The formula for $veXCAL rebases is
total locked tokens × minted tokens / total supply
✅️ Napkin math APR for rebases last epoch was 90% APR
4/
2️⃣ Trading fees
In solidly ve(3,3) dexes the voters gets all trading fees. LPers get token emissions.
For $XCAL the trading fees for volatile pools is 0,27% which goes to the voters.
Imagine the smell when all dex aggregators starts routing swaps through @3xcalibur69 dex
2️⃣ Trading fees
In solidly ve(3,3) dexes the voters gets all trading fees. LPers get token emissions.
For $XCAL the trading fees for volatile pools is 0,27% which goes to the voters.
Imagine the smell when all dex aggregators starts routing swaps through @3xcalibur69 dex
5/
Current trading fee APRs have been hovering around 200-500% APR
NB: there is currently a UI bug which displays trading fee APRs as bribes
✅️ Napkin math last week for the trading fee APR was around 0.7% daily for the $XCAL/USDC pool which translates to 255% APR
Current trading fee APRs have been hovering around 200-500% APR
NB: there is currently a UI bug which displays trading fee APRs as bribes
✅️ Napkin math last week for the trading fee APR was around 0.7% daily for the $XCAL/USDC pool which translates to 255% APR
6/
3️⃣ Bribes
Bribes are when a protocol pays voters to vote for their pools to get extra emissions to the pool to generate higher APRs for LP providers
3️⃣ Bribes
Bribes are when a protocol pays voters to vote for their pools to get extra emissions to the pool to generate higher APRs for LP providers
7/
Bribes are just starting to ramp up on $XCAL with @GMDprotocol $GMD and the @3xcalibur69 team bribed pools in the great migration airdrop initiative
The bribed pools:
$DPX-ETH @dopex_io
$rDPX-ETH @dopex_io
$JONES-ETH @DAOJonesOptions
$PLS-ETH @PlutusDAO_io
$GMX-ETH @GMX_IO
Bribes are just starting to ramp up on $XCAL with @GMDprotocol $GMD and the @3xcalibur69 team bribed pools in the great migration airdrop initiative
The bribed pools:
$DPX-ETH @dopex_io
$rDPX-ETH @dopex_io
$JONES-ETH @DAOJonesOptions
$PLS-ETH @PlutusDAO_io
$GMX-ETH @GMX_IO
8/
You can read more about the Great Migration in this thread below but to summarize:
✅️ Airdrop of $veXCAL for users migrating LP to @3xcalibur69
✅️ Keep LP on @3xcalibur69 until 31. December
You can read more about the Great Migration in this thread below but to summarize:
✅️ Airdrop of $veXCAL for users migrating LP to @3xcalibur69
✅️ Keep LP on @3xcalibur69 until 31. December
https://twitter.com/Slappjakke/status/1596466264620138496
9/
🚨 The bribe wars are about so start 🚨
The current locked $XCAL mcap (1,77m locked tokens * $0,31 = $548k) $10k in total bribes would give 98% APR
✅️ Napkin math Bribe APR 98%
🚨 The bribe wars are about so start 🚨
The current locked $XCAL mcap (1,77m locked tokens * $0,31 = $548k) $10k in total bribes would give 98% APR
✅️ Napkin math Bribe APR 98%
10/
4️⃣ Airdrops
The @3xcalibur69 team have hinted that $XCAL lockers will get #airdrop in the future and one of the airdrops was just confirmed in the discord
Liquid wrappers are being developed by at least 2 protocols.
4️⃣ Airdrops
The @3xcalibur69 team have hinted that $XCAL lockers will get #airdrop in the future and one of the airdrops was just confirmed in the discord
Liquid wrappers are being developed by at least 2 protocols.
11/
A liquid wrapper is a tradeable version of locked $veXCAL tokens, such as @convexFinance $cvxCRV
One of them is officially supported by the team and the majority of the initial supply of their token will be airdropped to $XCAL lockers
A liquid wrapper is a tradeable version of locked $veXCAL tokens, such as @convexFinance $cvxCRV
One of them is officially supported by the team and the majority of the initial supply of their token will be airdropped to $XCAL lockers
12/
For $SOLID and $VELO lockers we have seen airdrops from protocols such as $VELO $SONNE @SonneFinance and @Equalizer0x
This is protocols that either fork the protocol or build on top of it.
I expect similar airdrops in the future for $XCAL lockers
For $SOLID and $VELO lockers we have seen airdrops from protocols such as $VELO $SONNE @SonneFinance and @Equalizer0x
This is protocols that either fork the protocol or build on top of it.
I expect similar airdrops in the future for $XCAL lockers
13/
5️⃣ NFT airdrops
3xcalibur gave users who interacted with the protocol a free NFT airdrop (more airdrops coming soon) to the first 100 users to sign up in the discord channel.
5️⃣ NFT airdrops
3xcalibur gave users who interacted with the protocol a free NFT airdrop (more airdrops coming soon) to the first 100 users to sign up in the discord channel.
14/
6️⃣ Future ecosystem fees
@3xcalibur69 isn't "just a solidly fork" but are planning to build a whole defi ecosystem where $veXCAL is the revenue generating token
6️⃣ Future ecosystem fees
@3xcalibur69 isn't "just a solidly fork" but are planning to build a whole defi ecosystem where $veXCAL is the revenue generating token
15/
✅️ 3xcali Credit
Liquidationless creditmarket where users can lend and borrow any ERC-20 token with fixed maturity.
✅️ 3xcali Unr3kt
IL insurance and depeg insurance
✅️ Platform fees and voting rewards would be directed to $XCAL lockers
✅️ 3xcali Credit
Liquidationless creditmarket where users can lend and borrow any ERC-20 token with fixed maturity.
✅️ 3xcali Unr3kt
IL insurance and depeg insurance
✅️ Platform fees and voting rewards would be directed to $XCAL lockers
16/
If any of the future expansions to the ecosystem were to need a token this would also be distributed to $veXCAL lockers 👀
If any of the future expansions to the ecosystem were to need a token this would also be distributed to $veXCAL lockers 👀
17/
7️⃣ Summary for $XCAL lockers
✅️ Rebase 90% APR
✅️ Trading fee 255% APR
✅️ Estimated Bribe 98% APR
✅️ Total napkin math 443% APR
✅️ Future Airdrops
✅️ Future NFT airdrops
✅️ Future ecosystem fees
✅️ Future ecosystem airdrops
7️⃣ Summary for $XCAL lockers
✅️ Rebase 90% APR
✅️ Trading fee 255% APR
✅️ Estimated Bribe 98% APR
✅️ Total napkin math 443% APR
✅️ Future Airdrops
✅️ Future NFT airdrops
✅️ Future ecosystem fees
✅️ Future ecosystem airdrops
18/
Obviously DYOR and NFA, but I'm locking more $XCAL every day
Obviously DYOR and NFA, but I'm locking more $XCAL every day
If you like this thread, please Like and Retweet the first post in this thread linked below, and follow me for more alpha
https://twitter.com/Slappjakke/status/1596473233569550336?s=20&t=rFLBtsxv1Wmli796wvxfHQ
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