FAQ
Q: What is Mind Chain?
Mind Chain is the 1st Fully Homomorphic Encryption (FHE) consensus chain for Mind Network to serve billions of TGV and secure millions of voters from AI partners.
Q: What is TGV?
TGV stands for Tokenized Governance Value. It represents the tokenized voting power from staked tokens to participate into governance and consensus initiatives for AI and POS networks.
Q: What is vFHE
vFHE is an ERC20 token on Mind Chain representing voting rights within the Mind Network, which can be obtained by holding the relevant restaked assets or participating in Mind Network restaking.
Q: Who can earn vFHE or How to get vFHE?
There are two main ways to earn vFHE:
Mind Partnered Restaking Protocols Simply hold LST (Liquid Staked Tokens) or LRT (Liquid Restaked Tokens) assets in your wallet. Based on the quantity and duration of the assets held, the Mind Network will automatically reward vFHE tokens to the associated address on Mind Chain.
Mind Network Restaking Pools Stake your LST/LRT assets directly on the Mind Network. For every asset staked, you will receive vFHE tokens equal to the amount staked.
Participating in Partner Networks to Earn More vFHE (Coming Soon) You will be able to earn additional vFHE by delegating your vFHE to voters on Partner Networks or by voting directly. Delegation can yield up to 5x rewards, while direct voting can provide up to 10x rewards.
Q: Do I need to manually redeem vFHE every day? When does vFHE update?
You can redeem vFHE at any time, but be aware that unredeemed vFHE rewards start to burn at a rate of 1% per day after 7 days. To avoid losing rewards, we recommend redeeming your vFHE at least once every 7 days.
Your redeemable vFHE is updated daily at 1:00 AM UTC, based on the rewards calculated as of 12:00 AM UTC.
Q: Will my LST/LRT still generate vFHE after I redeem it once?
Yes, as long as you continue holding Mind's partnered LST/LRT assets, you will automatically keep earning vFHE, even after redeeming it.
Q: What is the difference between Mind XP and vFHE? How my Mind XP convert to vFHE
vFHE is an ERC-20 token, while Mind XP was Mind’s previous points system. Compared to Mind XP, vFHE introduces expanded utility within the Mind Network. It is no longer just a restaking reward but can also be used for governance participation in AI and PoS networks.
Early users' Mind XP is automatically converted to vFHE at a 1:1 ratio.
Q: If I restaked into Mind Network before MindV, what should I do now?
YYou can continue staking your assets in the Mind Pool, and they will keep earning vFHE for you. If you wish to withdraw, you can do so at any time. Simply scroll down to the "Earn vFHE" page and click the "Unstake" button under the "TGV from Mind Network" section.
Q: How about my testnet/community rewards?
There is an allocation for testnet and community contributors, and you won’t be forgotten. We really appreciate your support during the journey with Mind. We haven't issued any tokens yet and are continuing to build.
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