It has been few years since xmex inception, it all started with the narative of making xmex the first class citizen, inviting users to lock their lkmex/mex at the time for the maximum of 4 years period for awesome benefits.
While the energy/fees benefits exist, the huge devaluation MEX had along these past years make the benefits close to negligible.
Looking from an external/new user perspective:
The locking period for the rewards a user gets for providing liquidity and farming is quite long (48 months) .. the APR is kind of low to compensate the risk of holding the rewards for that long time ; so from this point of view xexchange is not very attractive to new users due to these locked rewards.
Another thing to consider is that XMEX, besides the fact that has a locking period, it is also ‘jailed’ to the wallet of the rewards recipient. Moving XMEX to another wallet is possible but it takes 30 days.. how is this transfer restriction attracting new users to hold xmex? Is it realy attracting new users? I think not..
The past few years appear to tell us that jailing XMEX to the wallet was probably not the best decision; although this restriction was specifically made to have the secondary markets for lkmex closed, since no real alternatives/or market utility has been added to XMEX, the only option remains, of course, to remove xmex’s energy using xexchange for high losses.
I would propose to make XMEX transferrable between wallets so users can share their rewards, and maybe secondary markets will follow.
What benefits do you see in still having XMEX jailed this way?