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BaseSwap
Question
cryptoHugo
@voz64fish · Oct 24, 2023, 11:01
What is xBSX in Rewards and how is it different from BSX?
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Comments (2)
UralArt
@uralart · Oct 24, 2023, 11:02
You can exchange xBSX for BSX, but it takes four weeks to do so at a 1:1 ratio.
If you choose to expedite the process, there's a penalty, and you'll receive slightly less BSX in return.
If you choose to expedite the process, there's a penalty, and you'll receive slightly less BSX in return.
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UralArt
@uralart · Oct 24, 2023, 11:04
The APY displayed on the official UI reflects the total potential yield, considering both BSX and xBSX rewards.
However, it's important to note that xBSX does not hold the same value as BSX until after a four-week period.
Currently, the rewards are distributed in a 2:8 ratio between BSX and xBSX.
You can verify this for each pool, with the ratio visible in the contract details.
For instance, in the basescan, the 'xTokenRewardsShare' shows 8000, indicating that xBSX accounts for 80% of the rewards.
basescan.org/address/0x502d1aac6d8265c1ff3ddef4f03fbe0ede41fb69#readContract#F32
However, it's important to note that xBSX does not hold the same value as BSX until after a four-week period.
Currently, the rewards are distributed in a 2:8 ratio between BSX and xBSX.
You can verify this for each pool, with the ratio visible in the contract details.
For instance, in the basescan, the 'xTokenRewardsShare' shows 8000, indicating that xBSX accounts for 80% of the rewards.
basescan.org/address/0x502d1aac6d8265c1ff3ddef4f03fbe0ede41fb69#readContract#F32
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