Cosmin

[Beniamin Mincu |🇺🇸/acc @beniaminmincu]

We're playing ball. Big league.

MultiversX. VibeOX -- in Time Square. 🔥

U.S. chapter begins.🇺🇸

[XOXNO Network @XoxnoNetwork]

BOBER Lend is coming sooner than you think🔥

Drop your feedback in the comments👇

[Mihai @mihaieremia]

The craziest part about @XoxnoNetwork $xEGLD protocol delegation system is its stable, high APY on the @MultiversX network with 0% risk and no additional tricks required.

Since release, the APY has been 7.86%, auto-compounded daily across all 108 providers.

Can't wait for lending to go live and see more strategies using $xEGLD for looping or leverage (long & short).

[Robert Sasu | dev/acc @SasuRobert]

oh man. In one part there is drama, division, attacks, not so ethical decisions.

But in the other, a super awesome coder🧑‍💻 who releases open source projects one after the other.

Say what you might say, but when there is an absolutely amazing lending/borrowing protocol open sourced, I have to share it.

And this is not a simple lending protocol, I would say it is arguable the most complex one, with the most set of features out of all the chains, out of all the protocols. It truly shows off the power of SpaceCraft SDK, managed buffers / decimals / maps. It also truly shows off some amazing properties of the dyNFTs and the ESDT system as a whole.

This could be considered as an expert tutorial into super innovative DeFi. So much to digest, discover.

But one thing is clear: new innovative DeFi and not only has its best place on @MultiversX

p.s. for the builder of the protocol, I feel so much joy when I see amazing open sourced code built on top of what we have built.

[XOXNO Network @XoxnoNetwork]

Fully open sourced Lending & Borrowing is here🤯

It’s only Day 1.

[Julian Blanari @_julianbp]

Navigation UX/UI design for @XoxnoNetwork 💅✨

[Mihai @mihaieremia]

I guess we move fast :)

Soon we will work on adding the entire Lending&Borrowing as well to be ready for the release with metrics since day 1

[XOXNO Network @XoxnoNetwork]

New $EGLD Liquid Staking protocol just launched on @MultiversX🔥

Instantly unstake. Migrate. Get maximum flexibility.

Open sourced since day 1. Most decentralised with 60 providers (more joining soon).

🔗https://t.co/6UHizWa22j

[Vini B 「thecoding.dev」 @vinibarbosabr]

XOXNO's Liquid Staking DeFi Easily Explained

TL;DR - @XoxnoNetwork launched its Liquid Staking protocol, bringing diversity to the @MultiversX DeFi ecosystem; introducing some really interesting features.

Sounds on! 🔊

---

TIMESTAMPS
Introduction — 0:00:07
DeFi Competition is a good thing — 0:00:56
Everything is Open Source — 0:01:38
Liquid Staking EGLD<>xEGLD — 0:02:18
Liquid UnStaking xEGLD<>EGLD — 0:03:27
Liquid Staking/Unstaking Illustrated— 0:04:28
Liquid Staking Migration sEGLD<>xEGLD — 0:06:12
Liquid Staking $XOXNO<>LXOXNO — 0:07:15
Conclusion — 0:08:40

---

There is a new Liquid Staking player in the MultiversX!

According to Dapp Radar, that recently integrated $EGLD, XOXNO is the third-largest application by unique active addresses. This, mostly considering its NFT market and ticketing solution, but things are changing, in a good way.

XOXNO now offers decentralized finance services, and I’m positively impressed with what I’ve seen so far.
Here’s why.

I’ve been exploring XOXNO’s liquid staking and money market (for lending & borrowing) apps. I have to say that I’m really excited with what the team is building there, bringing more options to DeFi users, investors, and traders in the MultiversX ecosystem.

First, the most exciting thing about it all is that, as a user, I love some high-quality competition.

Before XOXNO’s DeFi launch, we only had one option for liquid staking and money market in MvX.

Now, we have one more option, which helps mitigate risks by getting exposure to two different protocols instead of only one. This can be a really smart strategy, considering each protocol has its own set of smart contracts and unique design, with advantages and disadvantages.

Here I’ll explain some of the advantages I believe XOXNO has. In summary, they are:

1. Everything is open source

All the code can be easily verified in the XOXNO’s repositories on GitHub and the community can independently audit every aspect of it for security threats like bugs and vulnerabilities, without needing to ask permission for that. By being open source, anyone can also permissionlessly learn how to perform specific activities, such as becoming a liquidator for the money market.

Open source means more accessibility, more decentralization, and also more security, with more eyes looking at the code.

2. Distributed liquid staking in a non-arbitrary validator’s set

XOXNO’s liquid staking does not handpick their validators (or staking providers).
The protocol currently delegates to the top 60 providers in the MultiversX ecosystem, according to an automated score system that takes many things in consideration and don’t plan to arbitrarily add or remove anyone, according to the team.

Moreover, the delegation is also made in a way that, every time someone stakes EGLD in XOXNO’s liquid staking, this staked amount is distributed to all validators (and not the entire batch given to a randomly selected provider), following the score system to weight the distribution in a way that favors decentralization and the quality of each setup.

For example, distributing more to smaller providers with a good uptime. But this is an oversimplification of the design, which anyone can verify in the open-source code for more details.

3. Distributed unstaking and no 10-day unbounding period

Just like the distributed staking, XOXNO has a distributed unstaking mechanism, removing their delegation from the entire validator set once a user redeem their EGLD, instead of a single-batch removal from a randomly-picked provider of an arbitrary list. This is great, especially in the case of a whale unstaking significant amounts that could really harm a small staking provider.

Furthermore, all staked EGOLD first goes to a buffer (a smart contract pool) before being distributed to the providers. With that buffer, xEGLD holders unstaking from the protocol can immediately receive their EGOLD, without waiting for the 10-day unbounding period, according to the pool’s availability.

Let’s illustrate it all here with an example.

Alice stakes 1000 EGLD with XOXNO’s liquid staking service.
These 1000 EGOLD will be distributed to all the 60 validators, at an average rate of 16.66 EGOLD per staking provider, according to the score system.

This prevents a single validator from receiving the entire 1000 EGLD batch, which would be bad for decentralization.

Before that, however, the 1000 EGOLD will temporarily sit in the buffer, available for unstakers.

Bob is even a larger whale than Alice, already liquid staking with XOXNO. But now, he wants to unstake his 6,000 xEGLD all at once. Using other liquid staking services, this amount would be removed from a single randomly picked provider, which could nuke this provider’s position. Instead, 100 EGOLD is removed from each of the 60 validators.

Now, I mentioned a “no 10-day unbounding period,” which is true for most activities, but probably not in this case. At least not integraly.

In this example, Bob would probably receive Alice’s just-staked 1000 EGLD, while the protocol resolves the staking<>unstaking dynamics in the background. For the remaining 5000 EGOLD, Bob would probably need to wait the 10-day unbounding period, as usual, receiving his EGLD in due time.

4. Migrate from other liquid staking protocols

While trying to increase its market share, XOXNO’s team is offering a seamless migration from other EGOLD liquid staking tokens like sEGLD and HsEGLD, from Hatom. Basically, the protocol will handle the sEGLD unbounding period, while providing xEGLD in return.

One point of concern that I have here is that it is not clear whether this xEGLD is fully backed by extra EGOLD being staked to XOXNO’s validators set while the sEGLD is still bounded with Hatom; or if it’s minted under the unbounding expectation alone.

That said, another cool feature for the migration module is that the protocol will cover the missing staking rewards from its own revenue, all happening in the background. The users won’t even notice that something is happening.

5. XOXNO’s token liquid staking and revenue sharing

Besides the EGOLD liquid staking, the platform also offers the possibility to liquid stake its native token, XOXNO.

And that’s another feature that uses the Dapps revenue.
So, essentially, XOXNO sends all the protocol revenues to a smart contract account called Accumulator.

These rewards are then used to buy the XOXNO token back from the market and distribute all of it to the “Real Yield Staking” smart contract, which increases the intrinsic value of LXOXNO, benefiting all its holders simply by holding this liquid staking derivative in their wallets.

---

My plan was to cover all the DeFi features in a single post, but this one got far longer than I expected. Which is why I will leave the money market app for a next video.

In the meantime, you can sneak-peak these features via the public devnet and join the community tests.

The liquid staking features are already live, but the money market is planned to be launched soon; introducing some cool stuff like the “E-mode”, the Multiply Feature, and also the possibility to easily open longs and shorts with the lending and borrowing functionalities.

Let me know if you liked this video, and don’t forget to follow me for more educative content on the decentralized finance or other interesting use cases out there.

---

This content was made in partnership with the XOXNO team, but it was created fully independently and without interference.

Everything I said here is my real opinion and personal understanding of the project and is made for educational and entertainment purposes, not a financial advice nor an advertising material.

[Hero Or Zero @IacobGeorgian]

A new liquid staked $eGLD is just around the corner.
@XoxnoNetwork is ready to unveil $xEGLD - its new liquid staking solution for eGLD.

We already know Hatom's sEGLD. $xEGLD is similar:
It is obtained by staking eGLD with validators (providers);
It accrues rewards based on the overall APY of the providers;
It is Liquid, for instant transfer or DeFi use.

But, XOXNO's $eGLD liquid staking improves:
#MultiversX network:
increases decentralization & security
#Providers benefits:
Top 60 providers are selected & whitelisted
Even split of eGLD for staking/unstaking
#Users benefits:
Instant 0% fee unstaking via buffer
High APYs from 0% or low fee providers
Easy transition from Hatom LS derivatives to xEGLD

You can read my detailed article about $XOXNO's LS solution on Medium. 👇https://t.co/CfuIWVB5fi

Get ready for $xEGLD! #MultiversX #DeFi

If you liked me post, pls share it with others.

[Mihai @mihaieremia]

Can’t wait to roll out the most advanced two Defi protocols that MvX had so far (all open source and verifiable on chain) :)

Both $EGLD liquid staking and $BOBER’lend comes with new features for our chain and unlocks different capabilities for builders to build on top of them.

We are patching UI issues and building our transparency analytics dashboard for all markets and people participating in them 🔥

We will show an overview of all participants and their health factor so anyone could see and liquidate them when possible (no more hiding of risky positions) 🫶

[Cosmin @Cosmin_m91]

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[Cosmin @Cosmin_m91]

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[Cosmin @Cosmin_m91]

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[Cosmin @Cosmin_m91]

@evoload Slovakia 1 - 3 Romania

[Cosmin @Cosmin_m91]

@wecowcow @GnG_CowCow @0x_Archy
Hello!
The 3D animation is cancelled although it started more than 5 months ago?
So basically the funds spent on this so far are lost.

After all the remaining days for smoofs staking, nothing else to reward the holders. Is this correct?

[Mobster Ape Alliance @MobsterApe]

💰The refund is open starting now and until 2nd of August.

All holders will receive 75% of their investment:

• Based on the original minting price for each phase;
• Based on the market value for NFTs sold via secondary markets.

Open a ticket here https://t.co/Sz4tf9Nl2K

[Mobster Ape Alliance @MobsterApe]

Mobster Ape x @BillionaireTzep

♦️ FREE POKER TOURNAMENT FOR HOLDERS

⏲️Tomorrow, 18th April, 20:00 CET (21:00🇷🇴)

🥇0.2 $EGLD (0.3 EGLD for holders with 10+ NFTs staked)

🥈0.1 $EGLD (0.15 EGLD - 10+ NFTs)

Discord👉https://t.co/Sz4tf9Nl2K

#MultiversX #MultiversXNFTs #EGLD

[xPortal @xPortalApp]

Massive thanks to every single one of YOU 🫵 for making this possible! 👇🏼

#xPortal receives the "Best Crypto Wallet Solution" and #MultiversX “The Fastest Growing Blockchain” at the @BlLife_Forum Awards in Dubai 🏆

[Smoofs @thesmoofs]

GM GM! We are going to @ETHBucharest_

Smoofs can’t miss the debut of this event, which is destined to become the trendsetter across the region. Proudly representing @0xPolygonEco ecosystem

Get ready for the Smoofs dance at the side events