| description |
|---|
Claim Logic Module for minting SLX |
This contract provides a simple and secure way for users to convert their xDai revenues on the M3tering protocol to Solaxy tokens.
How it works:
- Users calls the claim function to send xDAI, along with abi encoded calldata to the contract
- The contract wraps xDai received from the user using the WXDAI contract.
- Wrapped xDai is then deposited into the savings-DAI vault (an interest-bearing vault by MakerDAO) for the equivalent in sDAI.
- Finally, the sDAI is used as collateral to issue new SLX tokens on the Solaxy bonding curve.
Developer: https://github.com/iChristwin
{% embed url="https://github.com/M3tering/CLM-1/" %}