Understanding xMNTS

xMNTS conversion

  • Users can convert MNT Balancer Pool Tokens (BPTs) to xMNTS at a 1:1 ratio on Pulsar Defi

    • Conversion is permanent: markets may exist for xMNTS liquidity however

  • Users can then stake that xMNTS to earn ~60% of Pulsar's revenue. Pulsar further incentivizes staking by rewarding stakers with PSX, our native protocol token

  • When a user converts MNTS BPTs into xMNTS on Pulsar, those BPTs are owned by Pulsar and locked forever on Mantis Swap

    • xMNTS can be sold for MNTS if liquidity pools exist

    • Pulsar plans to incentivize liquidity for xMNTS but the exchange rate will be determined by the market

xMNTS Liquidity Pools

  • Rather than staking xMNTS, users can also choose to provide liquidity for xMNTS

  • Users can then stake the Liquidity Pool token on Pulsar to receive rewards of our native token

  • This is done in order to incentivize sufficient liquidity for users to be able to seamlessly enter and exit the Pulsar Defi ecosystem

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