Carbon Interest Bearing Tokens ($cibX)

Carbon Interest Bearing Tokens (assets that start with cib) are interest-bearing derivative tokens that are minted (and burned) when tokens are deposited into (and redeemed from) the lending pool.

Interest collected by the interest bearing tokens are distributed evenly to holders by increasing the conversion rate with respect to their underlying tokens.

Acquire Carbon Interest Bearing Tokens

As Carbon Interest Bearing Tokens are currently minted on Nitron, the money-market on Demex, you can acquire these tokens by lending out its underlying asset on Nitron. Find out how to use Nitron here.

For the guide on how to transfer $cibX tokens between Carbon addresses, click here.