xWAN
xWAN is a WAN coin derivative. It is an escrowed token, corresponding to staked WAN coin. It has several use cases throughout the Wanchain Ecosystem, including:
Farming rewards on XFlows
Rewards for Bridge-to-Earn
Staking on XStake [in development]
WAN coin can be instantly and freely converted into xWAN at a 1:1 ratio using https://xflows.wanchain.org/. The xWAN contract address is: 0x2eA407Aa69be7367BF231E76B51fab9eC436766c.
Redeeming xWAN for WAN coin involves a linear vesting period, selected by the user. The longer the vesting period, the more WAN coin is received:
The minimum vesting period of 0 days will provide a 1:0.25 ratio
The maximum vesting period of 90 days will provide a 1:1 ratio
Users can cancel the redemption at any time before the selected vesting period ends. Cancelling will return the full xWAN amount to the user.
Redeem xWAN at https://xflows.wanchain.org/vesting/
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