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Understanding xHUM
- Users can convert HUM to xHUM at a 1:1 ratio on Athena Finance
- Users may receive a better than 1:1 ratio when converting on Athena Finance due to our Smart Converter
- Conversion on Athena is permanent: markets may exist for xHUM liquidity however
- Users can then stake that xHUM to earn ~60% of Athena's revenue. Athena further incentivizes xHUM staking by rewarding stakers with ATH, our native protocol token
- When a user converts HUM into xHUM on Athena, that HUM is owned by Athena and locked forever on Hummus Exchange
- xHUM can be sold for HUM if liquidity pools exist
- Athena plans to incentivize liquidity for xHUM-HUM but the exchange rate will be determined by the market
- Rather than staking xHUM, users can also choose to provide liquidity for xHUM-HUM
- Users can then stake the Liquidity Pool token on Athena to receive rewards of our native token ATH
- This is done in order to incentivize sufficient liquidity for users to be able to seamlessly enter and exit the Athena Finance ecosystem
Last modified 7mo ago