xTAO is the receipt token that users receive when they stake their $TAO via Project Rubicon. It represents their staked position and accrues the interest from the validator staking rewards.

Users can unwind their position by exchanging their xTAO tokens for the underlying $TAO. The xTAO price increases over time as more rewards are accrued from validator rewards.

We give users the ability to stake their $TAO, while remaining liquid.

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