RA Exchange
  • INTRODUCTION TO RA
    • 👑What is RA?
      • ✖️Why Fraxtal?
    • 🫂Our Partners
    • ☯️ve(3,3) Fundamentals
      • Dilution Protection (Rebase)
      • veRA (veNFT) [WIP]
        • 💰veRA Revenue Distribution Schedule
    • 🔮DEX Functionalities
      • Swaps
        • 🎋Swap Fee Structure
      • Voting
      • Bribing
      • Vesting (veNFT Management)
      • LP Staking
  • Concentrated Liquidity Core
    • 🤔Concentrated Liquidity
      • 🔢Fee Tiers
        • 🥢Tickspacings
      • 🦭Fee Distribution
    • 🏆CL Gauges
    • 📜BUSL-1.1 License
    • 🏁Competitive Farming
  • RA Tokenomics
    • 📊RA Initial Token Distribution [WIP]
    • 📈Emissions Schedule [WIP]
    • ❌xRA [WIP]
      • How is xRA obtained?
      • How is xRA used?
      • ☸️xRA "Flywheel"
    • 🌀Dilution Protection (3,3) Rebases
  • Resources
    • 📄Deployed Contract Addresses
    • 📱dApp and Socials
    • 📸RA Media Kit [WIP]
    • 🌉Bridging To Fraxtal
  • Security and Legal Considerations
    • 🐛Fixed Solidly Vulnerabilities
    • 🛠️Why Proxy Contracts?
    • 🔐Contract Timelock
    • 😎Inherited Security
    • 🖋️Formal Audits
    • ⚖️Risks and Legal Disclosures
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  1. RA Tokenomics
  2. xRA [WIP]

How is xRA used?

xRA offers three distinct functionalities that form the basis of the decision matrix:

  • Instant Exit to RA (xRA --> RA): This conversion allows for an immediate transfer of xRA to RA at a rate of X* RA per xRA with a Y*% haircut applied.

  • Instant Exit to veRA (xRA --> veRA): With this functionality, xRA can be instantly converted to veRA at a rate of 1 veRA per xRA.

  • Vesting of xRA (xRA --> RA or veRA): Vesting allows users to receive the full value of the RA backing each xRA, through various methods:

    • Minimum Vesting Length (Cancellation Period): The minimum vesting period for xRA is set at 14 days (86400s * 14), during which it cannot be canceled or returned.

    • Maximum Vesting Length (100% Exit): The maximum vesting period for a full exit of xRA is 120 days (86400s *120).

    Once the minimum vesting length has been surpassed, it becomes impossible to cancel the vesting to retrieve your initial xRA.

X* = Variable changable by governance that represents the amount of xRA -> RA conversion from instant exits

Y* = Variable that represents the haricut % determinable from X

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Last updated 1 year ago

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