Getting started with!

Getting started with!

Get oriented with EURxb's DeFi app that connects you to EURxb trading pools, the atomic swop liquidity module and the XBE distribution!

We are excited to be launching the platform and sharing it with you, if this is your first time here be sure to checkout our introductory video found here.  This article is intended to help get you started with the EURxb APP and get you familiar with some of the features and functionalities that the APP has to offer.

After clicking on the link above, and landing on the APP, the first thing you should see on the top left hand side of your screen is the title “Total Value Locked” (TVL). This is a dashboard overview of the EURxb protocol at any given time. The Total Value Locked (TVL) represents the total amount of value collectively locked up in the EURxb protocol, denominated in both Euros and US Dollars. You are also able to view the current circulating supply and value of the EURxb, Bond NFTs and Security NFT tokens at any given time.

TVL(USD) is calculated by taking the total balance held in each ERC-20 smart contract, for each of the available trading pairs, and multiplying the balances by their price in USD/EURO.

On the right hand side of your screen, is a view of your wallet (assuming you have already connected your wallet), for both your EURxb and XBE token holdings as well as your EURxb LP reward tokens sitting on either Balance or Uniswap.

If you scroll down to the next section with the heading “BUY EURXB WITH”, you can get an indication of the current total liquidity and the price of EURxb tokens to the token of your choice (USDT, BUSD, USDC, DAI), on both Uniswap and Balancer respectively. You can make use of the “Buy” button, next to each liquidity token to be redirected to the appropriate platform based on the token you would like to purchase EURxb with.

The next section you’ll see as you scroll down is the “VAULTS”  section, and as noted on the APP this section is coming soon. (Follow our social pages here, to keep updated on the vault launch.)

Following the Vaults section is the “LIQUIDITY PROVISION” section, the “CURRENT SUPPLY LEVELS ON LIQUIDITY POOLS” section on the left hand side and on the right side is the  “STAKE FOR GOV TOKENS” section.  

Directly below the “LIQUIDITY PROVISION” section you can view the current USD and EURxb exchange rate as well as the supply of the atomic swap contract that is still available (A total of €10 mil EURxb will be made available at launch via the automatic swap contract).

Under the “CURRENT SUPPLY LEVELS ON LIQUIDITY POOLS” section, you will see the total liquidity that has been provided for each of the supported liquidity tokens (USDT, BUSD, USDC, DAI) to date on both liquidity pools, Uniswap and Balancer and the going prices on each liquidity token for EURxb. The functionality here allows you to simply deposit your choice of liquidity by clicking on the “Provide Liquidity” button, after which the contract will take your single liquidity deposit and automatically split it 50/50 at a fixed exchange rate (rate will be fixed and set at launch), between your deposited liquidity and EURxb. Your 50/50 split is then deposited into the respective pools and the contract/router then automatically takes the received LP tokens and stakes them for XBE on your behalf. After a minimum of 1 daily cycle from contract launch has passed, if you wish to withdraw your provided liquidity and claim your XBE rewards, you can make use of the “STAKE FOR GOV TOKENS” section explained below.

The “STAKE FOR GOV TOKENS” section allows those LP providers who have already staked and earned XBE, to withdraw their liquidity and claim their XBE tokens, by clicking on “Claim Rewards”. For those LP providers who did not make use of the atomic swap functionality and decided to deposit via the liquidity pools (Balancer or Uniswap) directly, you would also make use of this section to physically deposit your LP tokens to stake them for XBE rewards.

Thanks for taking the time to read through the above, if you have any further questions or any feedback, please visit our website or any of our social channels found here.

Don’t forget to subscribe to stay up to date with the latest events and updates from the team.

Similar Articles