xNILE (Deprecated)
Escrowed NILE "xNILE"
Last updated
Escrowed NILE "xNILE"
Last updated
What is xNILE? 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.