$xCREDI

How to Obtain $xCREDI Converting CREDI to xCREDI: Users can convert $CREDI into $xCREDI by depositing $CREDI tokens in the Credefi Security Module. Upon deposit, $CREDI is burned, and $xCREDI tokens are minted in return.

Purchasing on a DEX/CEX: $xCREDI tokens can also be bought on various Decentralized Exchanges (DEX) or Centralized Exchanges (CEX), depending on availability.

What Can You Do with $xCREDI? Once users have $xCREDI, they can engage in several activities within the Credefi platform:

Governance Participation: $xCREDI holders can participate in the Credefi platform governance, making decisions on the platform’s future developments and direction.

Liquidity Provision: $xCREDI holders can provide liquidity to the xCREDI/USDT UniSwap pair. Users who stake their LP tokens in the Credefi Security Module will earn CREDI as additional incentives, on top of the trading fees earned from liquidity provision.

Selling on UniSwap: $xCREDI can be sold on UniSwap, offering flexibility and liquidity to users. Since there will be continuous demand for $xCREDI due to the buyback and liquidity provision (LPA) program, users can expect liquidity and potentially favorable trading conditions.

Buyback & Liquidity Provision (LPA)

A key feature of the $xCREDI token is the buyback & liquidity provision (LPA) program: 10% of all fees and interest collected on the Credefi platform will be allocated to the buyback and liquidity provision program for $xCREDI. The LP tokens generated from this process will be burned, introducing a deflationary pressure on $xCREDI, reducing its total supply over time. This program ensures continuous demand for $xCREDI and encourages its deflationary nature, benefiting holders by potentially increasing scarcity and value.

Summary of Key Features of $xCREDI Obtaining $xCREDI: Convert $CREDI to $xCREDI via the Credefi Security Module or purchase it from a DEX/CEX. Benefits of $xCREDI: Participate in Credefi governance. Provide liquidity to the xCREDI/USDT UniSwap pair and earn CREDI and trading fees. Sell $xCREDI on UniSwap, ensuring liquidity and the potential for trading profit. Buyback & LPA Program: 10% of platform fees contribute to the buyback & liquidity provision program, which creates deflationary pressure on $xCREDI through the burning of LP tokens.

$xCREDI represents both an opportunity for incentive-driven liquidity provision and governance participation, alongside benefiting from the deflationary mechanics introduced by the buyback and liquidity provision programs. This makes it a central token in the Credefi ecosystem, ensuring continuous demand and providing value for holders