#7656b135-fd25-4c73-af38-d5f4f098a956
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CompX - xUSD -> COMPX Staking

dApps

By Kieran Nelson (@xxiled-plastic-cat)Session 4 • Awarded 6/3/2024

About the Proposal

[Proactive] Creation of an xUSD -> COMPX staking contract which will allow xbacked users to gain a position within CompX and accumulate what will become the governance token for the CompX platform - that xBacked is now part of. Secondly, this staking contract would give users additional reasons to use and hold their xUSD which will ultimatly help toward maintaining the soft USD peg for xUSD.

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Milestones

Proposal Planning

Define proposal scope and requirements

Completed: 1/23/2025

Final Delivery

Complete all deliverables and documentation

Completed: 2/22/2025

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Proposal Summary

Funding
60,000 ALGO
xGov Period
Session 4
Status
Completed
Completion
100%
Community Votes
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Team

Kieran Nelson (@xxiled-plastic-cat)

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