The xWALLET Token Explained

Read on to learn how does the xWALLET token work

What is the xWALLET token

In a nutshell, xWALLET represents the share you have in the $WALLET staking pool.

Is xWALLET equal to WALLET in value?

The short answer is: no. This is why the amount of xWALLET tokens you have is different from the amount of $WALLET you staked.

What happens to xWALLET when I unstake?

If you decide to stop staking and request an unbond, there is a cool-off period of 20 days first. Once that period is over and you are ready to finalize the unbonding, your xWALLET tokens are automatically burned and the WALLET tokens are transferred to you.

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Ambire Wallet is a new generation DeFi-centric cryptocurrency wallet that lets you use your crypto and access DeFi easily and securely. www.ambire.com