Overview
As a mechanism to incentivise participation, WXT rewards will be received by both lenders and borrowers. Rewards may be redeemed immediately for a penalty, or after a three-month lock up. Those wishing to immediately redeem the reward will pay a 75% penalty, which will be cycled back to the users opting for the three-month lock up. This method incentivises users to hold WXT within the protocol with continuous rewards for doing so. There are two mechanisms for receiving rewards; staking WXT to receive protocol fees, and locking WXT to benefit from the โ€˜exitโ€™ fees of those taking rewards immediately. WXT liquidity mining employs a mechanism first introduced by Ellipsis Finance on BSC.
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