# CLM-1

This contract provides a simple and secure way for users to convert their xDai revenues on the M3tering protocol to Solaxy tokens.

**How it works:**

* Users calls the claim function to send xDAI, along with abi encoded calldata to the contract
* The contract wraps xDai received from the user using the WXDAI contract.
* Wrapped xDai is then deposited into the savings-DAI vault (an interest-bearing vault by MakerDAO) for the equivalent in sDAI.
* Finally, the sDAI is used as collateral to issue new SLX tokens on the Solaxy bonding curve.

Developer: <https://github.com/iChristwin>

{% embed url="<https://github.com/M3tering/CLM-1/>" %}


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