How is xCLEO used?

xCLEO offers three distinct functionalities that form the basis of the decision matrix:

• Instant Exit to CLEO (xCLEO --> CLEO): This conversion allows for an immediate transfer of xCLEO to CLEO at a rate of 0.50 CLEO per xCLEO, with a 50% haircut applied.

• Instant Exit to veCLEO (xCLEO --> veCLEO): With this functionality, xCLEO can be instantly converted to veCLEO at a rate of 0.7 veCLEO per xCLEO.

• Vesting of xCLEO (xCLEO --> CLEO or veCLEO): Vesting allows users to receive the full value of the CLEO backing each xCLEO, through various methods:

  • Minimum Vesting Length (Cancellation Period): The minimum vesting period for xCLEO is set at 14 days (86400s * 14), during which it cannot be canceled or returned.

  • Maximum Vesting Length (100% Exit): The maximum vesting period for a full exit of xCLEO is 120 days (86400s *120).

  Once the minimum vesting length has been surpassed, it becomes impossible to cancel the vesting to retrieve your initial xCLEO.