🏆 xRULER

Token Address: 0x01f7fd324b366380d2145dfa6c7a76fdb75f17b9

What is the benefit?

With xRULER, you will be able to

  • Receive a portion of the 200/day RULER emissions voted on by the community.

  • Borrow against xRULER on Ruler Protocol and various lending platforms soon.

  • In the near future, share platform revenue via RULER buybacks

  • There are no fees charged for xRULER except the gas you pay for the transactions.

Current xRULER Rewards Program

The xRULER vault is where holders of RULER can participate in the growth of the platform through revenue sharing. Since the platform is new and revenues are still growing, we’re currently subsidizing the vault with 200 RULER per day. From the start of xRULER there will be no lock-up period.

When you convert RULER to xRULER through staking, your xRULER balance will remain fixed, but its value in RULER will grow. To covert back to RULER, simply unstake.

When will sharing platform revenue via buybacks start? (Updated)

There is no set schedule in terms of when the sharing platform revenue via buybacks will start. This will be voted upon in the near future.

  • Ruler performed its First Buyback — Ruler Protocol has completed its first buyback! $89,193 in captured fees was used to buy back 519.07 $RULER! The $RULER that has been bought back will be distributed amongst xRULER holders! You can see the buyback transaction here. (Proposal)

Steps to stake/un-stake RULER for xRULER?

Staking

Step 1: Head to https://app.rulerprotocol.com/app/xRULER

Step 2: Stake as many RULER as you would like by going to the stake tab, typing in the number you wish to stake, and click stake RULER for xRULER.

By staking RULER, you receive a portion of the 200/day RULER emissions

Step 3: Sign and Confirm the Metamask transactions

Congrats! You have staked RULER for xRULER and will earn portions of the 200/day RULER emissions!

Un-staking

Step 1: Head to https://app.rulerprotocol.com/app/xRULER

Step 2: Un-stake as many RULER as you would like by going to the un-stake tab, typing in the number you wish to withdraw, and click redeem xRULER for RULER.

Un-staking will withdraw your initial RULER staked + any rewards back to your wallet

Step 3: Sign and Confirm the Metamask transactions

Congrats! You have un-staked xRULER for RULER and receive your initial RULER deposit and rewards earned!