Dividends
GRAIL is a shareholding and governance token earned through providing liquidity to EXC pairs and bonding. It earns platform dividends and can be redeemed for EXC.
The only way to get dividends is to hold GRAIL. You have all information about dividends on the dedicated page.
Claim dividends
As soon as you have GRAIL in your wallet, your pending rewards will increase abd you can claim your dividends whenever you want simply by clicking on the "Claim" button.
General information
You will also find on this page all information about the current cycle (Reminder : The distribution is based on a daily cycle logic: everyday, a fixed part, default is 5%, of the owner-defined accumulated tokens is marked as to be distributed. The same process is repeated every 24h). The total value is the amount of dividends which are going to be distributed during the cycle. The APR is calculated according to the amount distributed and the GRAIL price (so the EXC price).
You will find information about the next cycle. The minimum estimated value and the estimated APR. You also have the countdown for the beginning of this next cycle.
Shares redeeming
Excalibur shares, or GRAIL tokens, can be redeemed at any time for EXC through the swap module on the dividends section of the dapp. However, depending on the amount of time those GRAIL tokens have been held, the redeeming ratio will be different.
The lowest ratio (1:0.7) will be active after you've harvested your first GRAIL, and the highest one (1:1) once your ART has reached 7 days.
More details here: Shares redeeming - Excalibur Exchange (gitbook.io)
In our bottom example, the ART is > 7 days so the penalty is 0.
Therefore, in this case, if you want to swap 55 GRAIL to EXC you will get 55 EXC
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