$XAI
Last updated
Last updated
$XAI is being deprecated - please refer .
$XAI is Silo’s overcollateralized stablecoin that is the secondary bridge asset alongside $ETH on Silo Ethereum. It can only enter circulation by being borrowed into existence.
$XAI may be swapped for other stablecoins or deposited into the XAI-FRAXBP or crvUSD-XAI Curve pools for rewards.
$XAI which is made borrowable from a silo via credit lines. SiloDAO is the minter and thus the beneficiary of interest earned from $XAI borrowed.
Credit lines can be created or burned by DAO .