xCHAM-Buyback Pool

The xCHAM Single Staking/Buyback Pool is where you can stake your CHAM and receive xCHAM tokens
The xCHAM SS pool allows users to stake their CHAM and receive their rewards in CHAM. By staking their CHAM, each participant converts and compounds their share of the protocol’s revenue into more CHAM tokens. As no more CHAM tokens are to be minted from Champion Optimizer, these are provided to stakers by buying CHAM from the open market with the native token of the blockchain.
This Buyback Pool is for users that want to convert and compound their share of the protocol's revenue in more CHAM tokens. As CHAM will have no inflation, and burning fee on every transaction, the strategy helps to burn CHAM supply and brings CHAM value up.
With the xCHAM you receive, you can stake to earn other Layer 1 native tokens in the xCHAM earning pool. The xCHAM tokens that you've staked will continue to participate in the Buyback and earn more CHAMs!
When you stake your CHAMs into xCHAM (in the Buyback CHAM Pool) and then into a pool listed, you are earning a sum of the APRs!
When you deposit CHAM in the buyback CHAM pool, you get xCHAM in return as proof of your deposit. xCHAM is itself a regular token, just like CHAM. The amount of xCHAM you get back is based on the amount of CHAM already in the pool and the current total supply of xCHAM. This ratio will be displayed on the pool and starts at 1 xCHAM = 1 CHAM, it will continuously go up over time because of buybacks.
The UI on the website updates the xCHAM ratio once a day at random times.
User A is the first to deposit in the buyback pool, he/she deposit 10 CHAM and receive 10 xCHAM as the initial ratio is 1:1
Next, trading fees are used to buyback CHAM and sent to the xCHAM pool, now there are 20 CHAM. Since there are 20 CHAM in the contract and 10 xCHAM is the total supply, the ratio is now 1 xCHAM : 2 CHAM and User A can redeem his/her 10 xCHAM for the 20 CHAM at any time, based on that ratio.
But let’s say he/she doesn’t do that. Now, User B deposits 10 CHAM to the pool and since the ratio is now 1 : 2, they get half of their deposit as xCHAM, which would be 5 xCHAM. Now the total pool is 30 CHAM and total supply of xCHAM is 15 (maintaining the ratio).
The ratio only changes as protocol revenues are used to buyback CHAM which is then sent to the pool and split equally among all xCHAM holders, because each xCHAM becomes worth more CHAM (the share of CHAM went up).

Buyback CHAM FAQ

Q: What do I receive when I stake CHAM in the xCHAM pool?
A: You will receive xCHAM token which represents your share of the pool. The number of your xCHAM tokens won't go up, however the value of each each xCHAM will go up infinitely because of the protocol revenues buying back CHAM, which is then sent to the pool. You can now also stake xCHAM to earn Layer 1 native tokens on the stake xCHAM page.
Q: The xCHAM:CHAM ratio hasn't changed since I checked, what's going on?
A: The UI on the website updates the xCHAM ratio once a day at random times to discourage coordinated sales. Keep in mind that the xCHAM:CHAM ratio is global, meaning the graph or number does not reflect personal purchases.
Q: What can I do with xCHAM? Does it work with other protocols?
A: You can trade, vote with, make LP, stake and use xCHAM just as you would use CHAM. xCHAM works on other protocols are well. There won't be an official trading pool, but anyone is welcome to make one. However, your xCHAM is required to unstake your CHAM so its best to hold on to it unless you know what you are doing!
You can now stake your xCHAM to earn Layer 1 native tokens on the xCHAM earning Pool . When your xCHAMs are staked at the pools, they still continue to earn APR from the Buyback CHAM pool.
Q: What does the APR for the xCHAM pool depend on?
A: Because the value of xCHAM accrues over buyback, the APR of the pool will largely depend on the revenue generated for that day. To give an approximate APR, we are displaying the average over the last 7 days.
Q: What if I lose my xCHAM?
A: xCHAM is required to redeem your CHAM so be careful with it!