SyndicateX

Staking provider on MultiversX

[Beniamin Mincu |🇺🇸/acc @beniaminmincu]

Supernova Battlenet is LIVE!

After months and months of intense and meticulous efforts by the team, the final battle-testing is on.

This is perhaps the last great upgrade built by brilliant humans.

Prepping to run to the airport and catch a flight, doing a brief AMA spaces in ~10 min.

[SyndicateX @syndicateMVX]

Congrats @XoxnoNetwork amazing work

[Mihai @mihaieremia]

I hope @MultiversX communities see that on day one of launching @XoxnoNetwork lending, we're live with strategies and long/short, which older protocols on other chains are just releasing.

We're no longer underrated in DeFi features. If you believe in $EGLD, it's time to show everything is possible across communities, with no more outdated tech or poor UIs.

[SyndicateX @syndicateMVX]

👏👏👏

[Mihai @mihaieremia]

Since I was 17 years old, I’ve been celebrating my birthday alongside @MultiversX Mainnet Week. At this point, I’m growing alongside the network😂

One of the best moments for me was back in 2021, when I visited the MultiversX office in Sibiu for the first time, and no one knew I was just 18 years old, working behind @truststaking 🙂

Since then, I’ve doubled down on building and releasing products that bring real value to the ecosystem: @XoxnoNetwork, https://t.co/U9ozU2lPku and private infrastructure that might become a public service later on. And soon, the best DeFi protocol on the network is coming.

I’m here 24/7, regardless of price or community sentiment, simply because I genuinely believe in the power of the technology the MultiversX team has delivered.

I’m pushing as hard as ever, working alongside the core team, hand in hand as we shape features for the builders of the future🔥

At a later point if the need and opportunity arrives for me moving to US for the best outcome of the ecosystem I will gladly do the jump and support @beniaminmincu all along even when we fight (publicly or privately 🤪 and always in the community interest)

Happy Birthday to all of us and as I always say: see you in year 10 👋

[Beniamin Mincu |🇺🇸/acc @beniaminmincu]

Whether the market skies are clear or stormy, today is a great day for science.

Barnard is here, passing global mainnet activation TODAY. 🔥

Bringing us one significant step closer to the biggest milestone since Genesis: SUPERNOVA.

1%. Maybe a bit more.

Onward.

[Beniamin Mincu |🇺🇸/acc @beniaminmincu]

I probably haven’t said it enough.

It feels absolutely incredible to have another massive upgrade shipped and fully DONE. 🔥

Barnard is loading beautifully.

Full MultiversX activation on July 24. 🧨

Great days for science.

[Mihai @mihaieremia]

That fast

That's how Supernova will feel

cc: Vibe OX @MultiversX ?

[Beniamin Mincu |🇺🇸/acc @beniaminmincu]

Sub-second finality 🔥

Mission: Shard, increase bandwidth, reduce latency.

Result: Deliver the most scalable, fast, and decentralized blockchain LIVE TODAY.

Step 1 -- Andromeda: 99% 🎯

1%. Or a bit more.
------------------------

Overall progress update:
█████░░░░ 50%

------------------------

[Justin Bons @Justin_Bons]

The top 100 blockchains rated on scalability (1), governance (2), decentralisation (3), distribution (4), economics (5) & reliability (6): 🧵

1. 2. 3. 4. 5. 6.
BTC: ❌❌✅✅❌✅
ETH: ❌❌✅✅✅✅
XRP: ✅❌❌❌❌❌
BNB: ✅❌❌✅❌✅
SOL: ✅❌✅✅✅❌
DOGE:❌❌✅✅❌✅
ADA: ❌✅✅✅❌✅
TRX: ✅❌✅❌❌❌
SUI: ✅✅❌❌❌❌
AVAX: ✅❌✅✅✅❌
XLM: ✅❌❌❌❌✅
HBAR: ✅❌❌✅❌✅
HYPE: ✅✅❌✅❌✅
BCH: ✅❌✅✅❌✅
TON: ✅❌✅❌❌❌
DOT: ❌✅✅✅❌❌
LTC: ❌❌✅✅❌✅
PI: ❌❌❌✅❌✅
XMR: ❌❌✅✅❌✅
NEAR: ✅❌✅❌❌✅
APT: ✅✅✅❌❌❌
KAS: ✅❌✅✅❌✅
ICP: ❌✅❌❌❌✅
ETC: ❌❌✅✅❌✅
VET: ✅❌❌✅❌✅
FIL: ❌❌✅✅❌✅
ALGO: ✅✅❌✅❌✅
ATOM:❌✅✅✅❌❌
S: ✅✅❌✅✅✅
SEI: ✅✅✅❌❌✅
EOS: ✅✅❌✅❌✅
IOTA: ✅✅✅❌❌❌
BSV: ✅❌✅✅❌✅
XTZ: ✅✅✅✅❌✅
ZEC: ❌❌✅✅❌✅
EGLD: ✅ ✅✅✅❌❌

Before unfollowing me out of sheer rage! Please let me explain these metrics first:

Scalability:

Any chain that exceeds 2k TPS of "theoretical max capacity" gets a check mark. This is calculated by taking the smallest basic TX type & dividing that by the current capacity (block size/gas limit), making it a fair & objective measurement.

I also accounted for "fake" TX's, such as consensus messaging in the case of chains like SOL. However, I did not count parachains/subchains or L2's. I am strictly measuring the capacity of the L1 here, as I remain sceptical of all modern modular designs.

Governance:

Any chain with fully implemented on-chain governance gets a check mark; plans & half-implemented systems do not count!

For the sake of fairness, out of the chains that failed this check, these four are all seriously pursuing on-chain governance right now: SOL, AVAX & NEAR

Decentralization:

This is far too complex to measure so simply, so in this case, I went with the lowest possible bar: Permissionlessness.

This gives us a binary for every blockchain. Though this is definitely still a gross undersimplification, which I can acknowledge here, it does mean that some of the chains we define as "decentralised" here are often far from that in practice.

So, to help alleviate that situation, we will add another criterion: validator count! Requiring a minimum of 100 validators (block producers) is reasonable.

Though this is sufficient for a simplistic analysis, a more granular approach would consider far more decentralisation metrics.

Out of fairness, it is worth disclaiming that out of the chains that failed this check: ALGO is at least still committed to decentralising with the implementation of a gossip network to replace their currently permissioned relay nodes.

Distribution:

We went with another simple metric here; any chain with less than 50% of the supply initially owned/controlled by the "founders" gets a pass!

I really should have called this category "initial distribution," as current distributions can be very difficult to figure out.

The difference between initial and current distributions should not be underestimated, as distributions can start out bad but become far better over time. However, this type of insight can only be proven through advanced chain analysis, which is beyond the scope of this thread.

Economics:

This category is particularly opinionated as I apply my own theory on what good token economics looks like. So, I do acknowledge that I might be in the minority on this one, making it a contrarian view:

Specifically, a good token economic design has to include a LOW long-term tail inflation (below 2%) combined with a fee burn.

This ensures long-term sustainability & maximum scarcity depending on economic conditions, as the supply is now determined algorithmically. It is beyond the scope of this thread to defend this theory more here, but I am absolutely convinced that this is the best economic design.

This means all chains with supply caps get a cross, as such a limit is far too risky in terms of long-term security & sustainability from my perspective.

Reliability:

Another simple metric: If a chain has not gone down in the last two years, it will get a check mark!

This has to be a complete downtime, where users are unable to use the blockchain. You all thought I was going to choose a 1-year time period, I bet!

Nothing is perfect:

As you can see from this list, nothing is perfect or unique. Not a single chain passed all the checks or stood on its own within a single category.

This is the main point I wanted to drive home, counteracting some of the irrational thinking we often see in the crypto industry. It is human nature to think your tribe is special, set above everyone else. However, this is more often just another psychological trap within our nature.

This definitely makes some of the quasi-religious tribalism in the space all the more ridiculous & insane. That is why we have to always take a pluralist approach by never exclusively aligning ourselves with a single blockchain ecosystem. That way, we are better able to maintain our objectivity & steer away from biases.

As you will undoubtedly see in the comments, this will upset a lot of people. But as I hope some of the more reasonable people can also see, I am setting up objective measures & comparing these blockchains fairly according to those objective measures.

If your favourite chain does not get a checkmark, it is not my fault; blame the chain, not the science or the messenger!

Conclusion:

The number of checks or crosses a project gets on this list does not necessarily correlate with my support, so please do not take this as financial advice, as there is far more to consider than these six metrics.

It is simply an interesting exercise for the sake of comparative analysis. I certainly cringed at how few or how many checks some of these got.

That is because this is not a subjective popularity contest; it is not about how you "feel" about a chain. Good fundamentals can be measured, cutting through our preconceived biases.

It is tempting to write these differences off as trade-offs. However, that is not the case. The feature sets I measured as part of this thread are not mutually exclusive in any way. We can have our cake and eat it, too, so to speak. My ideal blockchain does not exist yet, as nothing checks all of the boxes, even though theoretically, something could.

Please also understand that this list is far from complete; at @cybercapital, we use over a hundred fundamental parameters within our own internal price target models, demonstrating how this type of thinking can be scaled to operational extremes, requiring the coordination of large teams of researchers like those working at Cyber Capital.

I hope this was informative & insightful. Let's aim to have all chains pass these checks one day, to create a sea of green: For your sake, for freedom, justice, civilisation, cypherpunk & humanity! 🔥

[Mihai @mihaieremia]

Now imagine @MultiversX going at 400-600ms with same slot finality in the same block of 400-600ms for same shard TX and around 800-1.2s finality for any cross shard TX.

Glad to see NEAR announced first so we can come with the better version and take the lead as the most fast and scalable L1 🚀

Supernova same shard
Blocks: 400-600ms
Finality: 400-600ms

Supernova cross shard
Blocks: 400-600ms
Finality: 800-1.2s

Shard capacity? Probably 100k TPS per shard with the right configuration for block GAS 🔥

[SyndicateX @syndicateMVX]

@Veroc_Daniel What did the team to protect the community ,the builders,we are the only project from top 100 to have -98%.Just name one action not everyday “1% better”

[XOXNO Network @XoxnoNetwork]

Fully open sourced Lending & Borrowing is here🤯

It’s only Day 1.

[Beniamin Mincu |🇺🇸/acc @beniaminmincu]

0/ On MultiversX, its future, and taking the lead

A thread, some fresh thoughts and perspectives. 🧵

– grab a ☕ of tea or coffee, it’s a bit longer than a tiktok vid –

[Beniamin Mincu |🇺🇸/acc @beniaminmincu]

10/ Network Speed is coming, with sub-second finality

Second, 2025 will be the year network speed is elevated.

For the past year, everything has been prepared, setting the ground for the biggest network upgrade in MultiversX’s history.

From its inception, MultiversX had unparalleled bandwidth and scalability, thanks to its breakthrough sharding technology.

Now, it's time to take the entire architecture to the next level with the most awaited and compelling network, UX and ecosystem improvement: sub-second finality.

This will change the game, enabling even better user experience, more streamlined costs, and even higher bandwidth for the entire network.

This big milestone is targeted for Q3 2025.

[XOXNO Network @XoxnoNetwork]

Another pool with $xEGLD has been launched by @syndicateMVX!

By using $xEGLD, you’ll continue earning staking rewards while providing liquidity🧠

In the case of @syndicateMVX, they’ve added liquidity to the liquid staking protocol and migrated their old EGLD pair to fully operate with $xEGLD, thus eliminating lost staking rewards.

If you need help, our DMs are open🫡

[XOXNO Network @XoxnoNetwork]

Liquid Staking just got better😼

Our protocol now delegates $EGLD across 108 validators, ensuring decentralization and stronger security for @MultiversX.

Built right. Built for the future🔥

[XOXNO Network @XoxnoNetwork]

Our Liquid Staking has been live for less than 10 days, and we're already integrated with @Dune🔥

With Dune, you can:
1️⃣ Track Real-Time Staking Metrics
2️⃣ Compare with Other Staking Protocols
3️⃣ Monitor Rewards & User Activity

Enhancing @MultiversX visibility, one integration at a time.

🔗https://t.co/Z5TG9xTafN

[SyndicateX @syndicateMVX]

@XoxnoNetwork @Dune @MultiversX @mihaieremia @SasuRobert @lucianmincu @beniaminmincu

[SyndicateX @syndicateMVX]

@simplykashif @MultiversX is more eficient