vxSHO
Voting escrow token for staked SHO
vxSHO is a voting escrow token for staked xSHO. Users may stake xSHO to start accrue vxSHO. vxSHO will accrue gradually over time as xSHO is staked in the vxSHO vault. Users accrue 0.014 vxSHO per hour per xSHO, with a max cap of 100 vxSHO per xSHO. This means it takes slightly less than 300 days to reach maximum vxSHO per xSHO. A user starts with 0.014 vxSHO per xSHO upon initial staking. Users may withdraw xSHO anytime, however if any amount of xSHO is unstaked, vxSHO is reset to 0.
The use cases for vxSHO are as follows:
Shogun Governance voting power
MESH emission voting power
Amplifying multiplier for shoMESH & Shogun
LP farms
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