> For the complete documentation index, see [llms.txt](https://credefi.gitbook.io/credefi/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://credefi.gitbook.io/credefi/token-economy/usdxcredi.md).

# $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