WEB3 Bank
WEB3 BANKING BY CROSSFI
Web3 banking tools for the fastest and instant use of crypto every day
Web3 Bank (CrossFi App)
Online app that combines all traditional banking services with web3 security and decentralization
CrossFi Card
Spend your crypto like a fiat with 100 million merchants worldwide
Security
Discover security technology by CrossFi to provide blockchain data safety
Blockchain
BLOCKCHAIN
CrossFi Chain is a layer 1 blockchain with modular architecture. It consists of two parts, Cosmos and EVM.
Get MPX

You can convert received or acquired XFl to MPX in the Console on the main dashboard.

You can get MPX directly with USDT.

Purchase MPX
GET MPX GET XFI
CrossFi Chain
A layer 1 blockchain, consisting of two integral parts, is the core of the Cross Finance ecosystem with unlimited scalability.
Cosmos
The Cosmos-based part of the CrossFi Chain is responsible for consensus, production, block verification, and transaction creation.
EVM
The EVM-based part of the CrossFi Chain is responsible for interaction with smart contracts and achieving EVM compatibility.
Mint Power (MPX)
A unit of computing power required to mine XFI coins through staking
CrossFi (XFI)
A utility coin that provides access to all services, dapps, and products launched on CrossFi Chain
eMPX
A liquid EVM-compatible version of MPX coin with limited emission
DeFi
DeFi CrossFi
A multi-purpose DeFi application for the CrossFi ecosystem.
xApp
DeFi application to swap, bridge assets, add liquidity, and earn CrossFi Chain rewards
LP tokens
Welcome to CrossFi xApp universe of unlimited possibilities!
Swap
Exchange tokens in the DeFi application xAPP between each other at their current market price.
Bridge
Transfer XFI, xUSD, and USDT between CrossFi Chain and EVM-compatible chains.
Staking
Send LP Tokens to staking and receive additional crypto rewards.
Escrow XFI
Manage the esXFI received for lpXFI staking and initiate the vesting process.
xUSD
An algorithmic stablecoin pegged to the USD, deployed on the CrossFi Chain.
Rewards
The Reward Distribution System for providing liquidity and staking in xApp.
GITBOOK
Welcome to CrossFi xApp universe of unlimited possibilities!
Foundation
CrossFi Foundation
The CrossFi Foundation's grant program is aimed at developing the CrossFi ecosystem.
CrossFi Foundation
The CrossFi Foundation's grant program is aimed at developing the CrossFi ecosystem.
Users
Engage with the network, test services, complete tasks, and earn rewards.
Creators
Create unique content about Cross Finance technology and ecosystem products to earn rewards
CrossFi Evolution Hackathon
A series of events by CrossFi designed to reveal the talents of web3 developers
Developers
Developers Launch a Cross Finance - based product or service and apply for a grant.
Validators
Validators Rewarding validators for their vital role in creating a robust, decentralized, and secure network.
Menu
HomeAbout usBlogCareerCrossfi analysis
XFI ScanXFI Console
WEB3 Bank Blockchain DeFi Foundation Menu
WEB3 Bank
Web3 Bank (CrossFi App) CrossFi Card Security
Blockchain
CrossFi Chain Cosmos EVM Mint Power (MPX) CrossFi (XFI) eMPX
DeFi
xApp LP tokens Swap Bridge Staking Escrow XFI xUSD Rewards GITBOOK
Foundation
CrossFi Foundation Users Creators CrossFi Evolution Hackathon Developers Validators
Menu
HomeAbout usBlogCareerCrossfi analysis
Home Escrow

Escrow

Escrow services allow you to manage the received esXFI for lpXFI staking in the DeFi application xApp and increase profitability.

How Does Escrow Work?

esXFI in the xApp is an extension of XFI, representing the rewards earned by users through staking. While holding esXFI, users benefit from a reward multiplier, increasing their earnings. To convert esXFI into XFI, users must initiate the vesting process. During vesting, esXFI stops generating additional rewards, and after the vesting period concludes, the user receives XFI. Both the accumulation of esXFI and the vesting process follow specific algorithms designed to optimize reward distribution.

lpXFI staking algorithm
Vesting Procedure

esXFI vesting has the following conditions:

  • Vesting occurs over a one-year period with a gradual unlock of tokens.
  • To start esXFI vesting, a user must stake a certain amount of lpXFI (10 LP per 1 esXFI).
  • User gradually gets XFI from unlocked esXFI.
  • If a user unstakes a certain amount of LP tokens, they will receive the following amount of XFI every second.
how to use escrow
Vesting
Claim XFI
Vesting

Choosing a Token

Approve transaction in Metamask

Success

On the “Escrow” page, click on the “Vesting” button. Enter the amount of esXFI for vesting and pay attention to the warning that after that esXFI will stop generating rewards. Check all the data before confirming. Then click the “Vest” button. The system shows the details of the transaction, including the commission in XFI.

A MetaMask pop-up window will open to confirm the transaction. Make sure the data is correct and confirm the transaction in MetaMask.

After confirmation, the system will show the progress of the vesting, including the remaining time and percentage of completion, and a message about the successful start of the process.

Claim XFI

Transaction Details

Approve transaction in Metamask

Success

On the “Escrow” page, click on the “Claim XFI” subcategory. Next, click the “Claim” button to start the process of receiving awards. The system will display the details of the transaction, including the commission in XFI. Make sure that the data is correct and click “Confirm”.

A MetaMask pop-up window will open to confirm the transaction. Make sure the data is correct and confirm the transaction in MetaMask.

After successful completion, the system will update your balance and you will see a message about receiving XFI

Vesting

Choosing a Token

On the “Escrow” page, click on the “Vesting” button. Enter the amount of esXFI for vesting and pay attention to the warning that after that esXFI will stop generating rewards. Check all the data before confirming. Then click the “Vest” button. The system shows the details of the transaction, including the commission in XFI.

Approve transaction in Metamask

A MetaMask pop-up window will open to confirm the transaction. Make sure the data is correct and confirm the transaction in MetaMask.

Success

After confirmation, the system will show the progress of the vesting, including the remaining time and percentage of completion, and a message about the successful start of the process.

Claim XFI

Transaction Details

On the “Escrow” page, click on the “Claim XFI” subcategory. Next, click the “Claim” button to start the process of receiving awards. The system will display the details of the transaction, including the commission in XFI. Make sure that the data is correct and click “Confirm”.

Approve transaction in Metamask

A MetaMask pop-up window will open to confirm the transaction. Make sure the data is correct and confirm the transaction in MetaMask.

Success

After successful completion, the system will update your balance and you will see a message about receiving XFI

Prev
Get Lp Tokens
Next
Staking

FAQ

What is Escrow?

Escrow is a financial arrangement where a third party holds and manages funds or assets on behalf of two parties involved in a transaction. The funds are released to the recipient when certain predetermined conditions are met. In crypto, escrow services are used to secure asset transfer in decentralized transactions, adding an extra layer of trust

What is Vesting in Crypto?

Vesting in crypto refers to a process where tokens allocated to individuals (such as team members or early investors) are locked and released gradually over a set period. This ensures long-term commitment and prevents large token holders from selling all their tokens, helping stabilize the token’s market value.

How to Get LP Tokens?

To get LP (Liquidity Provider) tokens:
1. Choose a decentralized platform or protocol that offers liquidity pools.
2. Provide equal amounts of two cryptocurrencies to a liquidity pool.
3. In return, you’ll receive LP tokens representing your share in the pool, which you can use to earn rewards, trade, or withdraw your original liquidity.

What is xAPP?

The CrossFi xAPP is a decentralized application (dApp) within the CrossFi ecosystem that offers DeFi services such as token swaps, staking, liquidity provision, and yield farming. It allows users to manage and grow their crypto assets seamlessly through a user-friendly interface, integrating various decentralized financial services in one place.

How to Get Crypto Rewards?

To earn crypto rewards:

  • Staking: Lock up your tokens on a platform to support the network and earn interest.
  • Liquidity Provision: Provide liquidity to decentralized exchanges (DEXs) and receive a share of trading fees and LP tokens.
  • Yield Farming: Stake LP tokens or other assets in DeFi protocols to earn extra rewards.

Participate in Governance: Some platforms reward users for participating in governance and decision-making by distributing governance tokens.

License