At XDEFI Wallet, we are convinced that Terra will bring decentralization to the masses and we want to support the ecosystem in this regard.
Therefore, we’d like to launch a CW20 version of our $XDEFI Token (available as an ERC20 currently) and to distribute it over 2 years using Pylon Pools.
The $XDEFI Token, designed by Delphi Digital, will have four utilities: staking, governance, building and play to (l)earn.
We are investing a lot of resources to develop Terra features in our Wallet. Currently our community members can already:
- Manage all their Terra assets (LUNA, UST and other stables coins and any CW20 Tokens)
- Interact with every dApps built on Terra
- Deposit UST into Anchor Protocol and earn a yield directly from the wallet
- Ledger Support
- On fiat ramp for LUNA and UST
In the coming months, we’ll release more Terra specific features such as:
- NFT management (display/send/private sale)
- Native Astroport integration (swap Terra assets directly from within the wallet)
- Native Orion Protocol integration (earn yield from multiple stablecoins directly from within the wallet)
- Native LUNA delegation
More generally, We’ve got big things coming up in our roadmap, including a mobile app, web app, and cross-chain API as well as a multichain DEX aggregator.
Also, $XDEFI holders will soon be able to stake their tokens to receive rebates on fees in the wallet, depending on how long they lock their tokens (0 - 12 months).
We’re big fans of the Pylon community and we’d be super excited to work with you. That’s why we’d like to distribute 1.2% of the $XDEFI total supply in 3 Pylon pools (2,850,000 $XDEFI).
Also, we plan to redistribute roughly half of the income generated by the 3 pools as grants to fund early projects within the Terra ecosystem.
Here’s what we have in mind concerning the pools breakdown:
- Pool 1
- Token allocation: 250,000 $XDEFI
- Vesting period: 6 months
- XDEFI rewards are claimable after 2 months
- Pool 2
- Token allocation: 600,000 $XDEFI
- Vesting period: 12 months
- XDEFI rewards are claimable after 4 months
- Pool 3
- Token allocation: 2,000,000 $XDEFI
- Vesting period: 24 months
- XDEFI rewards are claimable after 8 months
Moreover, to be able to deposit UST into the pools, people would need to have a minimum amount of 10,000 MINE stacked in their wallets!
The emission schedule would be the following:
Since our creation in 2020, we’ve grown to a team of around 35 based around the world. We count over 70k users on the Chrome Store and a community on Discord with over 9K members.
If you haven’t already, head to the Chrome store to try out the wallet - we’d love to hear your feedback!
If you have any other questions about our product, roadmap, or proposal, please feel free to ask.