OXD V2 0xDAO V2

$0.006411

0xDAO V2 (OXD V2) Price Chart

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Rank #N/A
Market Cap 0.00% -
24H Spot Volume 0.00% -
24H Volume / Market Cap -
Circulating Supply -
Total Supply 2,324,605
Max Supply -
Fully Diluted Valuation -
API ID 0xdao-v2
Project Start Date -
Contracts & Explorer(s) 0xc5a...6492d
Websites Website
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About OXD V2

0xDAO is a platform on Fantom that boosts rewards for SOLID stakers and liquidity providers.

0xDAO is a platform that boosts rewards for SOLID stakers and liquidity providers.

OXD is the native platform token for 0xDAO. OXD is rewarded to SOLID stakers and Solidly liquidity pools pro-rata to SOLID generated by the platform. SOLID stakers receive OXD proportional to the amount of oxSOLID they have locked.

Staked OXD will receive its portion of the fees as oxSOLID (tokenized veSOLID). This is to keep SOLID in the system building boost, but users can trade out their oxSOLID through the oxSOLID/SOLID liquidity pool. OXD is used for voting on how 0xDAO allocates it's veSOLID towards Solidly gauge weight votes. Users must vote-lock their OXD tokens (vlOXD) in order to participate.

The company's intention from the outset was to preserve long-term value for the Fantom ecosystem — and to accomplish that goal, 0xDAO is transitioning 0xDAO to be a liquidity hub on Fantom. Version 2 OXD is the token that will power 0xDAO's new goal.

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