Xunion is a decentralized financial complex that provides one-stop financial services.
The project has passed audits of BEOSIN and SALUS, and will continue to ensure the security of users' assets with the strictest security requirements.
In order to better serve the users of Conflux Espace, we will add BNB as an asset option for x-lending, which is an excellent asset with the fourth highest value on Conflux Espace. Let's be great together.
⏲️ Nucleon proposal #9 voting has ended! 📷 With over 55% of the vote, Nucleon will add a new $NUT/ $USDC to
@xunionofficial 's liquidity pools. 📷$NUT/ $xCFX LP will be removed, and the NUT rewards will be rebalanced.
Recently, certain optimizations have been made to the platform, including:
Refined the display of error prompts;
Improved the display of loan pages and added details for homogeneous and isolated modes;
Optimized the display of coin prices in the swap token details.
The security of the protocol relies on the stability of two stablecoins(usdt,usdc). If one stablecoin loses its anchor, the protocol will use an emergency pause mechanism to release liquidity and ensure the security of assets in the protocol.
Now we have a look at our new version xUSD:
X-Libra USD is an innovative fully collateralized stablecoin that anchors the LPs of USDT and USDC, providing complete stability through automatic stabilization mechanisms and full collateralization.
Basic mechanism:
During minting, the protocol converts the user's USDT or USDC into USDT/USDC's LP, and then provides the user with corresponding xUSD stablecoins based on the value of the LP; burning process is the opposite of the above minting process.
3 Corrected the problem that adding the first liquidity when listing the currency could not bring out the wallet;
4 Corrected the problem of position display error on the removal liquidity page.
We have just updated the interface of the overall protocol, which means that the new stablecoin protocol is fully launched. Let's witness new innovations together!
In addition to the xUSD interface, this update also includes the following updates:
1 Corrected the problem of incorrect quantity display in lp details;
2 Corrected the problem of incorrect calculation basis of overall yield on the lending page;
To celebrate the upgrade of the xUSD minting protocol, we have launched a minting reward activity for 10000 xun tokens.
Welcome everyone to actively mint!