xSHO

Staked SHO

Unstaking Time : It takes 7 days to unstake xSHO into SHO.

xSHO is a compounding staking ledger token that represents a user's share of staked SHO.

When a user stakes SHO, the user receives xSHO. xSHO solely represents a user's share in the staked SHO pool, which is where protocol fees are redirected. xSHO does not represent voting power for Shogun governance. There is an unstaking period as users go from xSHO to SHO. The unstaking period is a parameter controllable by Shogun Governance. xSHO is a ERC20 token, which is transferable. You will need to burn xSHO to claim staked SHO tokens that xSHO token represents.

When a user stakes SHO, the user will receive slightly less than 1 xSHO, and when user unstakes 1 xSHO, they will receive more than 1 SHO, in accordance with the exchange rate, which represents the accumulated yield in the staked SHO pool.