❌xNILE (Deprecated)
Escrowed NILE "xNILE"
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.
xNILE is not a replacement for NILE. Users still earn NILE emissions, rebases, and other sources.
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