**What is x**NILE**?**\
xNILE is a new solution developed by the NILE team to address the sustainability challenge associated with the natural fluctuations in flywheel operations. It serves as a non-transferable representation of 1 unit of NILE, securely stored within the xNILE token smart contract. xNILE provides users with several conversion options to both NILE and veNILE, each with unique penalties and vesting periods.
{% hint style="info" %}
xNILE is not a replacement for NILE. Users still earn NILE emissions, rebases, and other sources.
{% endhint %}
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