❌xCLEO

Extended CLEO "xCLEO"

What is xCLEO? xCLEO is a new solution developed by the Cleopatra 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 CLEO, securely stored within the xCLEO token smart contract. xCLEO provides users with several conversion options to both CLEO and veCELO, each with unique penalties and vesting periods.

xCLEO is not a replacement for CLEO. Users still earn CLEO emissions, rebases, and other sources.