xSMD
Last updated
Last updated
Introducing xSMD (Escrowed SMD Token) – a transformative approach to incentives within the SwapMode ecosystem. This dual token model is engineered to reward long-term commitment and dissuade short-term, profit-driven farming. It's a pivotal element in bolstering the sustainability, adaptability, and profitability of SwapMode.
xSMD stands at the forefront of innovation, offering SMD holders a robust framework for sustainable tokenomics and a suite of advantages within the SwapMode platform. It's instrumental in moderating inflation/emissions, steering governance decisions, and unlocking a variety of earning avenues, thereby cementing SwapMode's status as a premier DEX on the Mode Network.
xSMD presents a unique proposition, inviting participants to actively influence the platform's trajectory. Engaging in staking activities, earning xSMD, or minting it contributes to diminished emissions and curtailed inflation, fostering a robust and balanced ecosystem that genuinely benefits dedicated stakeholders.
Engagement in yield-enhancing activities, such as providing liquidity or joining xSMD farms, allows farmers to modulate emissions and mitigate inflation. This approach discourages fleeting farming strategies and promotes a more stable and dependable platform environment for everyone involved.
Embark on a comprehensive exploration of xSMD's extensive utilities and benefits by delving into our in-depth documentation. Discover the myriad ways xSMD empowers its users, fortifies the SwapMode ecosystem, and opens doors to sustained growth and active participation.