Top Tweets for #ValidProtocol
Hello #XDCNetwork #Community
Make sure to un-stake your XDC if you are staking with #ValidProtocol @XDCSolutionsLLC and wait for the V2 to come out to #stake and earn those rewards again.
@xdc_community @XDCFoundation @XDC_EU @XDC_Australia @xdc_latam @XDCInnovLabs @sbixdc
IMPORTANT REMINDER!!!
Unstaking is LIVE on Valid!!
Make sure to retrieve your tokens right away and be on the lookout for V2!!
#LiquidXDCStaking
#ValidProtocol
#WeAreXDC
This is exciting news!!! V1 was a success and we all earned rewards. Valid has wrapped up that first XDC node and V2 is near!!
Grab your tokens from V1 and letโs be ready for V2!!!
#ValidProtocol
#WeAreXDC
#LiquidStaking
#XDCStaking
@XDCSolutionsLLC
IMPORTANT REMINDER!!!
Unstaking is LIVE on Valid!!
Make sure to retrieve your tokens right away and be on the lookout for V2!!
#LiquidXDCStaking
#ValidProtocol
#WeAreXDC
IMPORTANT REMINDER!!!
Unstaking is LIVE on Valid!!
Make sure to retrieve your tokens right away and be on the lookout for V2!!
#LiquidXDCStaking
#ValidProtocol
#WeAreXDC
๐ UNSTAKING LIVE ON VALID ๐
Your XDC has been returned from the masternode smart contract and is now available to unstake on Valid Protocol.
#XDC #ValidProtocol #DeFi #Staking
(1:2)
๐ UNSTAKING LIVE ON VALID ๐
Your XDC has been returned from the masternode smart contract and is now available to unstake on Valid Protocol.
#XDC #ValidProtocol #DeFi #Staking
(1:2)
๐ The future of DeFi is here!
With XDC Network, unlock smart contracts, secure storage, leveraged trading, and more.
Dive into projects like Globiance, Swiftcourt, and WeFi. @XinFin_Official
Explore at https://t.co/d2Zbfr9nnw
#XDC #DeFi
#SwiftCourt
#ValidProtocol
#WEFI
#FATHOM
#METABLOGS
#STORX
#GLOBIANCE
#XDCNetwork #XINFIN
Valid Protocol is leading the charge in pioneering these types of innovations within the XDC Network ecosystem.
V1 is currently live!
V2 is on the way! ๐ฅ
Stayed tuned for more, we are still at the starting line.
#WeAreXDC #ValidProtocol
Revolutionizing staking on #XDCNetwork! Discover liquid staking, restaking, and enhanced security protocols for a dynamic and secure staking environment. Get involved: #Blockchain #Innovation #Finance Link : https://t.co/bUIxqfSrZF
#XDC #CodeRunAI
This is GREAT news for the #XDCNetwork and projects built on the network. I can see #ValidProtocol being able to put these changes into good use and a positive experience for the #XinFam.
Keep growing!
#BuildOnXDC
Revolutionizing staking on #XDCNetwork! Discover liquid staking, restaking, and enhanced security protocols for a dynamic and secure staking environment. Get involved: #Blockchain #Innovation #Finance Link : https://t.co/bUIxqfSrZF
#XDC #CodeRunAI
6,000,000 ไปฅไธใฎ XDC ใ Valid Protocol ใซ่ณญใใใใฆใใพใ!
10,000,000 XDC ใซ้ใใใพใงใใจไฝๆฅ?
XDC ใฏใฉใใงใ้ใ่พผใใใใฆใใพใ!
#WeAreXDC #Utility #ValidProtocol
Over 6,000,000 XDC staked on Valid Protocol!
How many more days until we hit 10,000,000 XDC?
XDC being locked up everywhere!
#WeAreXDC #Utility #ValidProtocol
Over 6,000,000 XDC staked on Valid Protocol!
How many more days until we hit 10,000,000 XDC?
XDC being locked up everywhere!
#WeAreXDC #Utility #ValidProtocol
Just over 2,000,000 XDC has been staked on Valid Protocol in the first two days!
Link: https://t.co/YzfDU0Aj6M
#ValidProtocol #WeAreXDC #Staking #XDC
Hi, fam ๐ซก
I'm trying to write a user-friendly article for #XDC community members who are not familiar with #DeFi.
The topic I'm going to cover is #LiquidStaking. Although #ValidProtocol has recently been released, many people seem unaware of the benefits it brings.
While it's a widely adopted system in ecosystems of other chains, the #XDCNetwork seems to be receiving it with much less familiarity.
Our XDC community has been disappointed to learn that building a node for the XDC Network requires a substantial amount, as much as 10 million.
To address this, the @XDCSolutionsLLC team has developed a community node staking service over several years to meet the demands of the community.
Firstly, Liquid Staking involves members of the XDC community depositing XDC into a node staking pool, and when a total of 10 million XDC accumulates in the pool, it becomes operational.
(Each staking pool has a limit of 10 million XDC.)
At this point, the XDC accumulated in the pool is delegated to masternodes.
Participants in each pool receive node rewards proportionate to their stake, just as if they were actually building nodes and receiving rewards.
But it doesn't end there.
Typically, when you stake coins in a node, those coins are locked and cannot be utilized elsewhere.
However, Liquid Staking issues users with $stXDC in a 1:1 ratio to the staked $XDC.
(10 million $XDC = 10 million $stXDC.)
This stXDC is referred to as "#LST" (Liquid Staking Token).
The stXDC serves as a certificate of deposit for each pool.
One feature of the Valid protocol is that, for safety reasons, stXDC (transferable tokens) cannot be used until 10 pools are created, due to the limited remaining nodes and low liquidity of XDC flowing in DeFi.
Until the activation of the 10 pools, they plan to deploy authentication tokens (non-transferable tokens) representing access to each pool, named stXDC1, stXDC2... stXDC10, with a number indicating each pool behind the token name.
โ ๏ธCaution: Do not confuse stXDC (transferable tokens) with stXDC1...stXDC2... (non-transferable tokens)๐
Once the 10 pools are activated, users can utilize stXDC in other DeFi services, such as liquidity farming on DEX or depositing in lending protocols. Meanwhile, the native XDC deposited in the Node Staking Pool continues to accrue rewards.
This allows for multiple reward strategies to be devised simultaneously.
If you want to redeem the $XDC you staked and the rewards, you can go back to the Valid Protocol with the same amount of $stXDC, claim, and you will receive Node Staking rewards plus your original $XDC, and the $stXDC will be burned.
This greatly increases liquidity in the area of DeFi, where our XDCNetwork is most lacking, and greatly assists users' profitability strategies.
However, what's currently crucial is that our XDC Network adopts a unique consensus mechanism called #XDPOS, not the #POS consensus mechanism like Ethereum and Solana. Each of our NODEs has a minimum and maximum limit of 10M XDC.
Additionally, out of 350 slots for our nodes, only 16 slots are left. Therefore, it means that there are only 16 slots available for the community to occupy in the future. At least 10 slots need to be occupied for liquid staking to be meaningful.
You may recall that our #XDCNetwork conducted a community vote on the transition to #POS. The result was the rejection of the proposal. Of course, there were pros and cons, but in my opinion, at that time, the community lacked proper education, and the participation rate was very low.
First, please take a look at the proposal below.
๐ https://t.co/lnrl8fgfN1
#POS has its advantages and disadvantages, but since we're discussing Liquid Staking today, let's focus on the drawbacks from the perspective of Liquid Staking.
For instance, if we had transitioned to POS, the maximum limit of XDC that can be staked on each NODE would have been removed.
Therefore, projects like @Fathom_fi , @XSwapProtocol , and @PrimeFinanceXYZ, @circularityfi could have offered Liquid Staking products accessible to the entire community even if they acquired only one node.
(In fact, Fathom had prepared for this).
As an example, Ethereum has numerous Liquid Staking Tokens (LST), such as $stETH from @LidoFinance , $rETH from @RocketPool_Fi , $sETH from @stakewise_io , etc. They are utilized not only on @ethereum but also on many chains like @solana , @kusamanetwork , @Polkadot , and others.
However, considering the current state where the transition to POS has been rejected based on community feedback, we need to secure the Node Staking pool as quickly as possible using the Valid Protocol.
#LST can enhance DeFi liquidity in the #XDCNetwork ecosystem and increase Total Value Locked (TVL). The #TVL data in DeFi is a crucial factor even for Tier 1 exchange listings.
As you can see below, the TVL of our XDC ecosystem is significantly lower compared to other chains
(even when combining the currently unlisted XDC amounts).
๐ https://t.co/yBr3HGwKaj
Given that several #DeFi projects are preparing for launch in the second quarter of this year, we must leverage them actively.
To grow, we need to utilize $XDC actively and have a lot of on-chain activity.
We have a very supportive community mindset, but we need to be more action-oriented.
The disparity between market capitalization and TVL is quite unusual for assets within the top 100 rankings.
Other chains are currently experiencing significant trading activity, with numerous DeFi transactions occurring around the clock. Folks, this is a very important issue. Many #DeFi projects are working hard to address this.
Detailed discussions within the community are necessary on this matter, and let's all work towards making 2024 the year of XDC Network DeFi innovation โผ๏ธ
For reference, here's a helpful link: https://t.co/PKXr9lz8of
To familiarize yourself with DeFi, it's advisable to explore the vast Ethereum ecosystem ๐ซก
A Limited Window for a Lasting Impact The XDC Network, known for its robust and secure blockchain...
The #ValidProtocol can help you take advantage of MasterNode staking before itโs too late!
โฆ@PrimeNumbersFiโฉ โฆ@XDCSolutionsLLCโฉ
https://t.co/hJTH649RYO
The community #XDCMasterNodes the #ValidProtocol offers through the @PrimeNumbersFi ecosystem is GREAT!!
The #XDCNetwork and #XinFam has been looking for a reliable automated staking solution and the #ValidProtocol has met that need.
https://t.co/b2wcZRKh0i
Check it out!!
#ValidProtocol video provided by @XDCSolutionsLLC team
ValidProtocol : https://t.co/UiGfLo9ueF
TG: https://t.co/cJQV3yWTnP
#XDCNetwork #XDC
This year, we will explore more and more platforms, and we will do more interesting things when the Utilizing #LST (#ValidProtocol) of XDC Network is available.
I'm currently purchasing and staking $FTHM every month as a @globiance $XDC Staking reward, and I'm going to claim and restake FTHM's reward every month.
In addition, for @vertex_protocol , #DCA $VRTX will be stacked up to the target number, and the weekly compensation will be stacked by purchasing $VRTX again.
@XDCSolutionsLLC 's #ValidProtocol is the #LSD platform of the #XDCNetwork.
I expect to be able to do #LSDfi activities through @PrimeFinanceXYZE with $XDC Liquid Staking tokens๐ง
I'm looking forward to @XDCSolutionsLLC 's #ValidProtocol coming soon.
I did a 1-year lockup node Staking that gave @globiance 9.99% APY reward,
and I'm going to staking the monthly node reward again in #ValidProtocol, the first liquid staking protocol on the #XDCNetwork, for #DeFi activity.
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