XAR Network

The framework for Cosmos and Fantom based decentralized finance -

[XAR Network @xarnetwork]

XAR network is excited to undergo its first live network upgrade at exactly block 750,000. The network will be upgraded to Hub_2, adding tools and functionality fundamental to our goal of becoming the prefered DeFi platform for both @FantomFDN and @Cosmos ecosystems.

[XAR Network @xarnetwork]

3/3 For further information relating to the XAR public chain, please contact Fantom Foundation, as XAR Networks' ownership thereto and executive control has been ceded to Fantom at same date.

[XAR Network @xarnetwork]

1/3 Due to an inexplicable absence of communication from Fantom Foundation Leadership over recent months, a critical partner in and beneficiary to XAR Network, the XAR roadmap, status updates, and public memos have been indefinitely stalled, leaving the partnership in limbo.

[XAR Network @xarnetwork]

2/3 Exhausting all other options, XAR Network's Executives have on the 8th of June 2020 resolved to part ways with the Fantom Foundation in order to independently pursue their Institutional, Banking, and DeFi programs with alternate technology partners.

[XAR Network @xarnetwork]

We hope everyone in our community is able to stay safe and do their part during this globally trying time, and look forward to updating you soon.

[XAR Network @xarnetwork]

In solidarity with those impacted by covid-19 we have joined other responsible enterprises to reduce our non-essential costs. This includes temporarily de-activating spare nodes to increase our investment in cash-less programs and provide relief to vulnerable commuter audiences.

[XAR Network @xarnetwork]

We remain committed to a long partnership with Fantom and our other partners in establishing a leading Non-Inflationary Proof of Stake and DeFi ecosystem outside Ethereum.

[XAR Network @xarnetwork]

We will be announcing the next hub upgrade for XAR Network later this week as well as an update on our DeFi roadmap.

[XAR Network @xarnetwork]

Thanks @satoshilabs for accepting the pull request! We appreciate it largely.

https://t.co/P1Z8mochrA

[XAR Network @xarnetwork]

Want to learn what $CSDT is without scary industry lingo and financial terms?

No worries, Cotton the cat and his sheep friends will do a simple #ELI5 that even your pet will understand.

Just remember, stay in the safe zone! #DontMintTheMaximum

https://t.co/TgdpnkNaLg

[COTI Foundation @COTInetwork]

We are so happy to finally reveal that we’ll be strengthening our collaboration with Fantom. This is a great honor to work and build together @FantomFDN @xarnetwork

[CryptoDiffer Analytics @CryptoDiffer]

❗️@FantomFDN, @XarNetwork, and @COTInetwork, to collaborate on creating a payment solution for Fantom-based networks, and to make collateral stable debt tokens (CSDT) usable in daily life

$COTI $FTM $XAR #COTI #FTM #XAR #CSDT $CSDT

👉 https://t.co/VydvDyzMED

[XAR Network @xarnetwork]

We're excited to share this new article by @blockonomi, which a great way to learn the basics of Xar Network within 5 minutes.

https://t.co/MhTzkE2sQd #FantomDeFi #CosmosDeFi @FantomFDN $FTM

[XAR Network @xarnetwork]

We're excited to position Xar as the go to framework for @cosmos and Fantom-based decentralized finance.

Learn more about what Xar is, and how we're tackling the demand for blockchain technology in banking and finance.

https://t.co/0PshfJGAXj #DeFi @FantomFDN $FTM $ATOM

[XAR Network @xarnetwork]

We're proud to share that we've passed the 1,000,000 block height mark since our Hub_2 upgrade!

#FantomDeFi @FantomFDN

[XAR Network @xarnetwork]

- 8 governance proposals were submitted.
- Redelegation and the governance portal were added to https://t.co/ejv6zdDTVH
- And we're building every single day to make Xar simple for banks and institutions all over the world. (3/3)

[XAR Network @xarnetwork]

The past few weeks have been great for XAR because:

- Over 1,000,000$ worth of $FTM has been locked in on XAR.
- Over 500,000$ worth of #CSDT has been minted.
- Over 300,000$ worth of CSDT has been staked. (1/3)

[XAR Network @xarnetwork]

- 15 validator nodes are currently up and running, of which 12 are run by community members.
- The protocol has updated from Hub_1 to Hub_2.
- Hub_3 upgrade and synthetic futures are rapidly approaching. (2/3)

[XAR Network @xarnetwork]

A governance proposal to support BTC as collateral for #CSDT in XAR was submitted recently.

This article by @AndreCronjeTech explains the benefits of adding new collateral pools to the network and CSDT.

#FantomDefi #DeFi #CosmosDeFi

https://t.co/n1CT7RHHWa

[XAR Network @xarnetwork]

Thank you all for voting.

Redelegation has been added to allow instant undelegate and redelegate to a node with no penalties and no unbonding period.

[XAR Network @xarnetwork]

We're actively taking feedback from the community to improve https://t.co/ejv6zdDTVH, what functionality would you like to see next?