xGRO Staking

Staking

xGRO Staking was developed to provide holders of ‘veGRO’ (a predecessor token to xGRO no longer in existence) with a means to access their holdings as Locked xGRO and benefit from one of three options:

(a) Deposit into xCultivator

Users have the option to deposit BNB to unlock the corresponding dollar value of xGRO from their veGRO balance. The xGRO will then automatically be paired with the BNB to create a BNB-xGRO LP token. This process will be delivered through ‘xCultivator’ — part of the xGRO Staking user interface. The BNB-xGRO LP token(s) is then automatically deposited into The Cultivator (see Section 4) on the user’s behalf. The user will then be able to either compound or claim daily dividends from The Cultivator.

(b) Deposit into xPERPS Staking

The second option allows users to unlock xGRO and collect dividends from their unlocked balance by depositing xPERPS tokens. Users looking to unlock xGRO from ‘Locked xGRO’ need to deposit xPERPS worth half the dollar value of the corresponding amount of xGRO they want to unlock. The unlocked xGRO then becomes ‘Activated Stake’ and earns xGRO dividends for the user from a Drip Pool that that drips 1% of its balance daily.

Any user can also opt to deposit the full dollar value of xGRO in xPERPS to enter the Drip Pool. Their balance is then shown in the ‘Virtual Stake’ box.

100% of the xPERPS deposited by users are burned, helping to slash the circulating supply.

The Drip Pool is populated by xGRO gained through the withdrawal tax (see Option C), xxHMINE holdings of xGRO Staking and xGRO VDC holdings.

(c) Withdraw with a 90% tax

The final option is that holders of Locked xGRO can simply withdraw it to liquid xGRO, but with a 90% tax applied. For example, if a user chooses to just straight withdraw 100 xGRO from their veGRO balance, they will only receive 10 xGRO and the other 90 xGRO will be retained by Growth DeFi and used as follows:

You can access the xGRO Staking here: xGRO Staking