The 3xcalibur Protocol is a permissionless, liquidationless, oracleless liquidity marketplace, powered by Tri-AMM architecture to facilitate stableswaps, variable swaps and borrowing/lending. The Tri-AMM architecture makes 3xcalibur a highly-capable and modular automated market maker. This design allows the 3xcalibur Protocol to offer a plethora of financial instruments on top of the 3 base layer AMMs. Development, operation and management of the 3xcalibur protocol is managed by The 3six9 Collective and overseen by 3six9 Innovatio.
$XCAL is the 3xcalibur Ecosystem Token. Issued on Arbitrum as a standard ERC-20 token. The token serves multiple purposes such as: accruing platform fees and bribes, voting on gauges and being the de-facto governance token. It can be vote-escrow locked into $veXCAL for variable lengths: from 1 week to 3.69 years. Eventually in a successive phase, $XCAL token holders will be able to get some of the benefits of veLockers (like fee accrual) without the need of locking.
