Stake

xZEN is a non-transferable escrowed governance token. ZEN can be converted into xZEN at a 1:1 ratio, which can then be staked to earn a yield generated from PCV productivity.

Earn Yield

Staking xZEN will earn a yield generated by the protocol. This yield can be earned in the form of additional xZEN tokens or other tokens that are part of the protocol's ecosystem.

The yield earned through xZEN staking is a real yield and not inflationary rewards. This is generated through productive use of the PCV reserves, ensuring the stability and sustainability of the ecosystem in the long run.

Governance

By holding xZEN, which serves as the governance token, community members can participate in voting for official proposals. The more xZEN held, the greater the voting power of the user. To calculate the voting power, both the user's wallet holdings and staked xZEN balances are considered.

xZEN in the process of being redeemed is not counted.

Redeeming

The process of converting xZEN to ZEN involves vesting, which allows users to select the duration of the process. The conversion ratio increases proportionally to the vesting duration chosen by the user. For example, the minimum vesting duration of 30 days will provide a conversion ratio of 1:0.25, while the maximum vesting duration of 6 months will provide a ratio of 1:1.