oxSOLID token, and how it fits in the 0xDAO platform
oxSOLID is tokenized veSOLID
A tokenized version of veSOLID, oxSOLID, is returned to the user at a 1:1 rate.
0xDAO automatically converts rebased SOLID into oxSOLID proportional to the users staked amount.
If a user deposits SOLID into 0xDAO, that SOLID is locked forever on the platform as veSOLID.
Converting SOLID to oxSOLID is a one-way transaction (i.e. it can not be undone).
oxSOLID can be staked into the platform to receive normal Solidly admin fees one would get for staking their veSOLID on Solidly.
Additionally, users staking oxSOLID will receive SOLID from 0xDAO's performance fee, as well as the platform native token OXD.
oxSOLID Liquidity Pools
Rather than staking oxSOLID, users can also choose to contribute to the Solidly liquidity pool oxSOLID/SOLID.
Users can then stake their oxSOLID/SOLID LP token on 0xDAO to receive a 0-5% fee on SOLID earned by other LP positions for providing liquidity to enter and exit 0xDAO's SOLID ecosystem via the oxSOLID token.
By default this is 0% but can be raised by a governance vote.