Intro
The staking vault token, svXAI, represents a user's share in the SideShift Staking Vault. When a user chooses to stake they deposit XAI into the vault and get svXAI in return. Users can unstake/withdraw svXAI at any time and receive XAI back from the vault.
svXAI represents the stakers share in the SideShift staking vault. 25% of SideShift.ai’s revenue is distributed daily as XAI to stakers in the staking vault.
The value of 1 XAI and 1 svXAI will differ. The amount of svXAI you will receive when staking is based on the total XAI in the staking vault. If the XAI that you deposit equates to 1% of the XAI in the pool then you would receive the equivalent of 1% in svXAI shares.
The value of svXAI will continually increase to be worth more XAI as staking distributions are paid into the vault. Any new stakers will need to add more XAI to the vault to receive same amount of svXAI compared to previous stakers.
Want to add new integrations or edit this page? Submit this FORM.
Integrations
Explore apps and services using svXAI:
svXAI integrations
dApp
Use case
Link
LSD Utility
This is a LIVE document, continuously updated by the protocol teams, communities and contributors. Note that the information in this Notion board might be outdated or wrong. The contributors are not liable for any incorrect or incomplete information within this Notion board.