XB3 Finance
  • 🐝Welcome to XB3 Finance
  • The Why
    • The Power Of 3
  • ▪️Products
    • Institutional Grade Custody
      • The Problem & Solution
      • XB3 Custody Features
    • XB3 Hive
      • Rewards and Fees
      • XBcvxCRV
    • XB Referral Program
    • veXB3 & Boost
    • XB Bonus Campaign
  • ▪️XB3 Protocol
    • XB3 DAO
      • Governance & Voting
    • Audits, Risks, T's & C's
  • ▪️XB3 Tokenomics
    • Token Migration
    • XB3 Tokenomics
    • Smart Contracts
  • ▪️Guides
    • How to use XB3 Finance?
      • MM Wallet Setup
      • Token Migration Guide
      • Locking XB3
        • Adding To Boost
        • Adding To Lockup
      • XB3 Hive
        • Claiming Rewards
        • Depositing Liquidity on Curve
      • XB3 Custody
  • 📚Digital Asset Education
    • Disclaimer
    • Basics & Blockchain
      • Basic Intro
      • Blockchain visualized
      • Basic Questions
      • Intermediate Knowledge
        • Long History (Optional)
      • Data Storage on Blockchain
      • Bitcoin Mining
      • Consensus Mechanisms
      • Intro to Ethereum
      • Smart Contracts
      • Ethereum Virtual Machine
    • DeFi
      • What is DeFi? 1)
      • What is DeFi? 2)
      • Basics
      • DeFi Rewards? Where do they come from?
      • Uniswap
      • Curve Fi
      • Convex Finance
    • Twitter University
    • Custody
  • Community & Engagement
    • Official Telegram
    • Twitter
    • DAO Discord
    • Medium
    • Forums
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  • veXB3:
  • Locking Process:
  • Boost:
  1. Products

veXB3 & Boost

veXB3:

XB3 can be locked between 4 and 100 weeks to receive veXB3. The longer a user locks for, the more veXB3 they will receive, and the higher their boost will be. veXB3 grants the user voting rights over protocol proposals in addition to earning boosted protocol & product revenue. It is noteworthy to mention that veXB3 holders earn ALL protocol revenue (in their base assets) from all of the available and future products.

Therefore, veXB3 holders earn:

  • $CRV, $CVX and $XB3 from the Hive, and all unallocated referral rewards

  • Additional $XB3 staking rewards, and

  • All fees from future product offerings (eg. XB3 Custody)

Additionally, veXB3 holders can:

  • Vote on all protocol and app proposals

  • Implicitly boost Hive and Protocol rewards

Note: All XB3 rewards will follow the 80/20 rule.

Locking Process:

Users can lock their XB3 between 4 and 100 weeks. The longer a user locks for, the more veXB3 they will receive and the higher their boost will be on Hive & Protocol revenue.

For guides on locking - see here

It is important to note that as with the veCRV model, veXB3 also degrades as your lockup period expires. This applies to both Bonus Campaign participants and non-Bonus Campaign participants.

Boost on the other hand, can vary. Users who are a part of the XB3 Bonus Campaign will have maximum boost for the entire campaign, and this boost will not degrade as your lockup period expires. Contrary to this; Non-Bonus Campaign participants will have their boost degrade as their lockup period expires.

Note: Locking XB3 for the full term within the first two months of launch will qualify you for the XB3 Bonus Campaign. For more information on this, see:

Boost:

The higher a user's boost, the larger the user's share of protocol and product revenue. If a user locks their XB3 tokens for the full term within the first two months of launch, the user will qualify for the XB3 Bonus Campaign and this user's boost will NOT degrade as their lockup period expires.

Any full term lock made after the two month mark, or any lock made for less than full term, WILL have their boost degrade as their lockup period expires.

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Last updated 2 years ago

XB Bonus Campaign
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