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GNU GPL v3

!!!USE AT YOUR OWN RISK!!!

Experimental Technology

xLock/xEth

xLock is an open, 0 fee defi platform for infinite locked liquidity. Forked from uLock, inspired by rootkit.

About

Lock up to 2**100 xETH, 100% backed 1:1 by ETH. Helps solve liquidity problems on Uniswap without any protocol upgrades.

dApp: https://xlock.eth.link

How it works:

When liquidity is locked on a capped token, no more than the cap minus locked reserves can be sold. With this difference, a calculatable amount of xEth in Uniswap is permanently locked and can never be redeemed for Eth. If the contract knows ahead of time that the xEth will be permanently locked, it can issue unbacked xEth. Other xEth can only be minted through depositing Eth. Thus all circulating xEth is 1:1 backed by Eth.

Feel free to farm the Eth/xEth pair or run arbitration bots between the xEth wrapper and the Uniswap pair.

Contract deployments

Mainnet

xeth: 0x29B109625ac15BC4577d0b70ACB9e4E27F7C07E8 xlocker proxy: 0xAA13f1Fc73baB751Da08930007D4D847EeEafAA2 xlocker logic: 0xcf81bb0836b8157611a84be08a453b3abb1ca479

Ropsten

xeth: 0xA2F864C1c1a27f257c10FfBCFAeCa252B5610B4b xlocker proxy: 0x45a0A95Df3DAE8A9741328a0b7ce04DF55C22124 xlocker logic: 0xec99e3e28abd1d9a724b8639ec02cdeaae2e90fe