💲xYUMI Fees Sharing

When you stake your YUMI into xYUMI and then into a pool listed, you are earning a sum of the APRs!

Each swap is charged a fee of 0.2%. 25% of every swap fee is used to buy back YUMI and is sent to the xYUMI contract.

There is a 3 days fee period to move from xYUMI back to YUMI. If you unstake xYUMI to YUMI within 3 days a 4% fee will be assessed. 2% of the fee is burned and 2% is redistributed to xYUMI stakers as an incentive and gift for long term xYUMI stakers.

The ratio of YUMI:xYUMI will always be increasing as more and more YUMI is bought from the market and is transfered to xYUMI holders.

FAQ

What do I receive when I stake YUMI in the xYUMI pool? You will receive xYUMI token which represents your share of the pool. The number of your xYUMI tokens won't go up, however the value of each xYUMI will go up infinitely because of the trading fees buying back YUMI, which is then sent to the pool.

You can now also stake xYUMI to earn tokens from other protocols on the Staking page. (Coming Soon)

See a list of pools that you can stake into here under the Staking Page

Where do these fees come from? The trade fee is 0.2% and 0.1% goes to liquidity providers. 0.05% of the swap fee is used to fund xYUMI with buy-backs.

The xYUMI:YUMI ratio hasn't changed since I checked, what's going on? Please refresh to see the most updated ratio. You can also manually check the ratio by dividing the number of Haku in the xYUMI contract against the total number of xYUMI here: xYUMI Contract What can I do with xYUMI? Does it work with other protocols? You can trade, vote with, make LP, stake and use xYUMI just as you would use YUMI. xYUMI works on other protocols are well. There won't be an official trading pool, but anyone is welcome to make one. However, your xYUMI is required to unstake your YUMI so its best to hold on to it unless you know what you are doing!

When your xYUMIs are staked at the pools, they still continue to earn APR from the YUMI pool. What does the APR for the xYUMI pool depend on? Because the value of xYUMI accrues over trade fees, the APR of the pool will largely depend on the trading volume for that day. To give an approximate APR, we are displaying the average over the last 3 days.

What if I lose my xYUMI? xYUMI is required to redeem your YUMI so be careful with it!

How long until I can withdraw my xYUMI back to YUMI?

You can withdraw your xYUMI back to YUMI at any time. However, to reward long-term xYUMI stakers a 4% fee is charged if the xYUMI is unstaked to YUMI within 3 days. 2% of the fee is burned forever and 2% is redistributed back to the xYUMI pool. This means xYUMI holders will earn every time a user unstakes before their 3 days is up! Any subsequent deposits will reset the fee countdown timer.