We introduce our exclusive program to CREDI holders for early-stage staking of CREDI to receive xCREDI. By staking their CREDI tokens, holders will have direct access to the following benefits:
- CREDI staked in the first month after TGE will have a privileged CREDI/xCREDI conversion rate of 1:1.
- The time during which CREDI was staked before the Module X launch will count towards cliff/vesting periods as described in the tokenomics paper.
You can calculate the amazing APY that xCREDI can bring you using the calculator here: https://docs.google.com/spreadsheets/d/1FDpxCxDKq8ruwBOdrOkMEMWEzxH4BI6sXjkBPnQFuis/edit?usp=sharing. Just copy/paste the content in another Google Sheet and follow the instructions on how to calculate the APY you can earn on your xCREDI.
Participate in the staking program and become one of the very first holders of xCREDI you have to follow these simple steps:
- Go to https://platform.credefi.finance
- Click the login button and register on the platform. It is a simple process that requires only email and a password.
- After registering users can login and navigate to Module X, where they can stake their CREDI and benefit from the exclusive exchange rate of CREDI to XCREDI of 1:1. This staking option will only be limited for a month.
- In order to use the staking module, users should have Metamask installed. Pressing the Connect button connects the Metamask wallet to the platform.
- After connecting, the user will be able to visualize the CREDI amount available in their Metamask to stake.
- Next step is simply choose the number of CREDI that you want to stake and the number of months of staking. Please note that in order to benefit from this staking opportunity the minimum amount of staking is 6 months.
- Press the Stake button, confirm the transaction, and you are ready to receive our exclusive XCREDI governance token after the necessary period expires.
Credefi is a first mover hybrid of a FinTech and DeFi solution connecting crypto lenders of stablecoins and SME borrowers from the real economy. Credefi’s platform enables decentralized and secured lending to portfolios of business projects or individual companies, protecting lenders while providing them fixed APY.
The protocol resolves the key challenges that DeFi and TradFi are facing today: DeFi’s inconsistent, fragile yields that evaporate in bear markets and speculative borrowers that are fickle and cannot satisfy DeFi lending supply; as well as the difficulty for SMEs to get TradFi funding at normal interest rates.