What Can You Do In This System?
The BankX System Has Many Ways To Use & Profit In It.
For Beginners
Stake in a BankX CD: You buy the BankX token and stake it in the CD to earn interest. Create Stablecoin: You create stablecoin & earn interest. (more on this later)
Intermediate
Leveraging: You can leverage your position to buy more crypto & increase your yield.
ex. Mint XSD > Buy more crypto > Mint more XSD > Buy more crypto. Over and over.
Mint XSD means “create stablecoin”.
Advanced.
Sell liquidity for rewards: Earn more BankX tokens for selling liquidity to our protocol owned liquidity pools.
Add collateral: When the stablecoin is in a collateral deficit, you earn bonus BankX tokens for adding collateral to the system.
Arbitrage: Help Stabilize price. Burn BankX for XSD & profit off difference. Burn XSD for BankX.
Good to know: BankX has many uses. If you're new to the system, begin with basics, then learn as you go along.
Last updated