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HomeCOINSWhat Is Clexchain (CLEX)? Complete Guide Review About Clexchain.

What Is Clexchain (CLEX)? Complete Guide Review About Clexchain.

What Is Clexchain (CLEX)?

Current Index allows you to track your gain from staking. The index started from 1 at epoch 0, and increases every epoch. If you staked at genesis (epoch 0) and never unstaked any FHM, your balance today would be X times greater, where X is the current index. You can use the index to track your position by marking down the index number when you stake and unstake. You divide the index number when you unstake by the index number when you stake to get the ratio by which your Clexchain balance has increased. ROI (5-Day Rate) estimates how much your sFHM balance will increase after 5 days if the reward yield stays the same during this period.

Your Balance tells you how many unstaked FHM are in your wallet. This is the maximum amount that you can stake. Your Staked Balance tells you how many staked FHM (sFHM) are in your wallet. This is the maximum amount that you can unstake. Next Reward Amount tells you how much sFHM you are getting next rebase, Next Reward Yield tells you how much your sFHM balance will increase when the next epoch begins. For example, if you stake 100 FHM and the upcoming rebase is 0.9139%, your sFHM balance would increase from 100 to 100.9139. For example, if you stake 100 FHM and the rate is 25.5384%, your Clexchain balance would increase from 100 to 125.5384 after 5 days.

Clexchain Storage Key Points

Coin BasicInformation
Coin NameClexchain
Short NameCLEX
Circulating SupplyN/A
Total SupplyN/A
Source CodeClick Here To View Source Code
ExplorersClick Here To View Explorers
Twitter PageClick Here To Visit Twitter Group
WhitepaperClick Here To View
Support24/7
Official Project WebsiteClick Here To Visit Project Website

Mint Price is the price of FHM you get from minting

FHM Price is the market price of FHM. Your Balance is your balance of LP tokens or asset usable to bond. You Will Get tells you how many FHM tokens you will get from minting. Max You can Buy maximum amount of FHM available to be bought.. SLP Bond (Value of your SLP token / FHM you’ll get from bonding) BUSD Bond (Value of your BUSD token / FHM you’ll get from bonding) Market Price is the market price of FHM. You Will Get tells you how many Clexchain you will get from bonding. Debt Ratio measures the total amount of FHM created from bonds that have yet to be paid out by the protocol. The debt ratio is calculated differently for SLP bond and BUSD bond.

SLP Bond (FHM created from unredeemed bonds / FHM total supply) BUSD Bond (Clexchain created from unredeemed bonds / FHM circulating supply). Vesting Term measures the period a bond takes to fully redeem. This number is in Ethereum blocks. 33110 blocks is approximately 5 days or 15 epochs. Discount is the difference between the bond price and the market price. In the screenshot above, bonding would give you a 10.63% discount versus buying the same amount of FHM from the market. Pending Rewards is the amount of FHM you are entitled to receive from bonding.

Claimable Rewards is the amount of FHM that you can claim now. This amount keeps increasing as FHM is vested to you over the bonding period. Full Bond Maturation refers to the Ethereum block when the bond is fully redeemable. After a bit of using the platform, these terms will become second nature, if you’re new to this and you’re a bit confused, don’t worry, it is for everyone! Things will make a lot more sense once you start trying out the platform and seeing how it all works.

Why do need Clexchain?

Fantom and Moon river are two vibrant, upcoming ecosystems that need a reserve asset that is decentralised and backed by real assets unlike regular stable coins (and the US dollar). Contrary to popular belief, stable coins are actually far less ‘stable’ than they’re made out. In recent times, dollar-pegged stable coins have become an essential part of crypto due to their lack of volatility when compared to tokens such as Bitcoin and Ether. Users are comfortable with transacting using stable coins knowing that they hold the same amount of purchasing power today vs. tomorrow. But this is not actually true. The dollar is controlled by the US government and the Federal Reserve.

This means a depreciation of the dollar also means a depreciation of these stable coins, which is not ideal given they are supposed to be a ‘stable currency’. And this is where comes in. FHM addresses the shortcomings of stable coins by creating a free-floating reserve currency, FHM, that is backed by a basket of assets. By focusing on supply growth rather than price appreciation, Clexchain hopes that FHM can function as a currency that is able to hold its purchasing power regardless of market volatility, acting as an effective hedge against inflation.

The USDV Stablecoin

The USDV Clexchain is a decentralized, unbiased, collateral-backed cryptocurrency soft-pegged to the US Dollar. USDV is held in Velas Wallet and MetaMask wallets, and is supported on Velas blockchain. USDV is easy to generate, access, and use. Users generate USDV by depositing collateral assets into Clexchain within the Velero DAO Platform. This is how USDV is entered into circulation and how users gain access to liquidity. Others obtain USDV by buying it from brokers or exchanges, or simply by receiving it as a means of payment.

Once generated, bought, or received, USDV can be used in the same manner as any other cryptocurrency it can be sent to others, used as payments for goods and services, and even held as savings through a feature of the Velero DAO Platform called the USDV Savings Rate. Every USDV in circulation is directly backed by excess collateral, meaning that the value of the collateral is higher than the value of the USDV debt, and all USDV transactions are publicly viewable on the Velas blockchain.

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Nile
Nile Is Very Old Author At Wootfi Blog . We Loves To Write About Altcoin , ICO & Defi . In Free Time He Loves To Play Football .