Staking and xLVX

xLVX is the governance token for Levex. Users receive xLVX as a receipt for providing LVX-USDC liquidity on a designated partner DEX and subsequently staking their LP tokens on Levex into a time-escrowed contract.

Users may choose to lock their LP tokens for a minimum period of two weeks up to four years. Users who lock for the maximum duration (4 years) will receive 436% xLVX compared to those who lock for the minimal duration (2 weeks).

xLVX encourages active liquidity provisioning for LVX and directly aligns token holders with the protocol’s interest over a longer time horizon.

xLVX holders will get the following benefits and privileges:

• Receive 30% of generated trading fees from the epoch, and extra $$$ for the first epoch. The accumulated fees will buy LVX from the open market for the 7 days after the end of each epoch, then distribute equally to xLVX holders.

• Receive more LVX tokens, further increasing the field for LP locking.

• Up to 20% earning boost on your lending and trading according to the LP value locked and the time left to unlock.

• Participate in governance for incentive distribution, so you can vote for your favorite pairs to enjoy LVX rewards.