FAQs

General FAQs:

1. What is Xloop Finance?

   • Xloop Finance is a borrowing protocol on Arbitrum harnessing yield looping in a novel dual-layer, three-token system powered by an over collateralized stablecoin.

2. How does Xloop work?

   • Xloop uses a novel architecture that splits a typical stablecoin into $IOU and $XDC tokens, and involves a governance token $XLOOP for minting and redemption. This novel dual-layer, three-token system ensures clear risk compartmentization of internal and external risks.

3. Is Xloop open source?

   • Yes, Xloop Finance is committed to open-source principles, and its codebase is available for review and contribution.

4. What is the purpose of the governance token in Xloop?

   • The governance token allows holders to participate in platform governance decisions and may play a role in minting and redeeming XDC stablecoins.

5. How can I participate in Xloop's governance?

   • To participate in governance, you can acquire governance tokens and vote on proposals or initiatives.