๐งต Many of have been on the fence regarding the mysterious #X7Finance DEX protocol. Is it elaborate vapourware?
Quite the opposite, we're watching a multi-chain DEX and closed loop liquidity loan ecosystem being rolled out across 5 chains.
Prepare to have your mind blown ๐คฏ /1
Quite the opposite, we're watching a multi-chain DEX and closed loop liquidity loan ecosystem being rolled out across 5 chains.
Prepare to have your mind blown ๐คฏ /1
๐งช If you need to get up to speed on #X7Finance then check out this introductory thread.
It's a fully decentralized, faster, cheaper Uniswap alternative with an inbuilt liquidity lending and yield ecosystem.
Take some time to get acquainted.
It's a fully decentralized, faster, cheaper Uniswap alternative with an inbuilt liquidity lending and yield ecosystem.
Take some time to get acquainted.
https://twitter.com/X7_Finance/status/1592732168429613056/2
๐ง Now check these threads for details on...
๐ด๏ธ Business case:
๐ฑ๏ธ Features and benefits:
๐ป Technical information:
๐ด๏ธ Business case:
https://twitter.com/cryptod0c_/status/1606110868101644288
๐ฑ๏ธ Features and benefits:
https://twitter.com/CrossChainAlex/status/1604174590439092224
๐ป Technical information:
https://twitter.com/MikeMurpher/status/1609244145020723201/3
๐๏ธ The community is onchain watching this get rolled out. The #Xchange core contract, router and lending pool contracts have been deployed and tested.
Test tokens have been deployed and liquidity loans, payback, payoff and liquidation have been tested and are functioning. /4
Test tokens have been deployed and liquidity loans, payback, payoff and liquidation have been tested and are functioning. /4
๐ Here we can see a test loan being executed.
This means projects can take a loan from the lending pool to seed their initial liquidity.
This offers a unique way to fund projects in a decentralized manner with money staying with the X7 ecosystem.
etherscan.io/tx/0xd5eaccceeโฆ /5
This means projects can take a loan from the lending pool to seed their initial liquidity.
This offers a unique way to fund projects in a decentralized manner with money staying with the X7 ecosystem.
etherscan.io/tx/0xd5eaccceeโฆ /5
๐ง As per usual everything is being executed in a very meticulous manner.
Here we can see the tests on liquidations and repayments as well as third party integrations.
As well as interesting features around how bots can compete for liquidation rewards. /6
Here we can see the tests on liquidations and repayments as well as third party integrations.
As well as interesting features around how bots can compete for liquidation rewards. /6
โ๏ธ A curveball that the devs threw us was announcing that the system is being rolled out across 5 chains simultaneously: Ethereum, Arbitrum, Optimism, Polygon and BSC.
The graphic below also reinforces some of the key USPs of #Xchange discussed in the threads linked above. /7
The graphic below also reinforces some of the key USPs of #Xchange discussed in the threads linked above. /7
โ๏ธ The execution of the decentralized dev team is honestly like nothing I've ever seen (no hyperbole).
It is flawless and transparent and the community are always kept fully up to date on development and movement of funds. /8
It is flawless and transparent and the community are always kept fully up to date on development and movement of funds. /8
๐ค Of course now we have a product we have to get credible projects onto #Xchange
Myself and a number of the community members have been working on this.
There is a lot of interest and a solid pipeline and we should have some exciting announcements coming soon ๐ /9
Myself and a number of the community members have been working on this.
There is a lot of interest and a solid pipeline and we should have some exciting announcements coming soon ๐ /9
๐ฐ But we did ask the devs to help us and as usual they offered a considered response.
We have a $25K build on #Xchange competition and a refer-a-project rewards programme.
See full details below and if you're a dev or know good projects you have a chance to be rewarded! /10
We have a $25K build on #Xchange competition and a refer-a-project rewards programme.
See full details below and if you're a dev or know good projects you have a chance to be rewarded! /10
๐ An important point to note is that #Xchange is not an isolated ecosystem. It acts as an AMM so can be used to trade non-X7 pairs.
As offers cheaper trading fees than Uniswap this also creates opportunity for arbitrage (due to cheaper fees) driving volume to #Xchange. /11
As offers cheaper trading fees than Uniswap this also creates opportunity for arbitrage (due to cheaper fees) driving volume to #Xchange. /11
๐ช And unlike Uniswap the X7 tokens have real intrinsic value across governance, value accrual and yield.
Here is a thread that explains the utility and value of each of the tokens within the ecosystem.
Here is a thread that explains the utility and value of each of the tokens within the ecosystem.
https://twitter.com/X7_Finance/status/1595824617226223617/12
๐งโ๐คโ๐ง You may have noticed that the community is quite "enthusiastic" and cult like (I'm a signed up member).
But all outreach has been community led. The holder base and conviction is something else and this is reflected in the #X7R chart.
dexscreener.com/ethereum/0x613โฆ /13
But all outreach has been community led. The holder base and conviction is something else and this is reflected in the #X7R chart.
dexscreener.com/ethereum/0x613โฆ /13
๐ I'm sold on the business model, product market fit, the team behind it, the tech and the token utility and value accrual.
When looking at competitors I do believe #X7R (and other tokens) can run to hundreds of millions or billion in time.
Personal conviction and NFA! /14
When looking at competitors I do believe #X7R (and other tokens) can run to hundreds of millions or billion in time.
Personal conviction and NFA! /14
๐ซ Tagging @X7_Finance believers and guys that I want to have a look at it:
@EricCryptoman
@BillyBobBaghold
@Pentosh1
@HandsOfStone
@CryptoKaduna
@SamuelXeus
@LouisCooper_
@RiddlerDeFi
@ChadCaff
@OnChainWizard
@SmallCapScience
@IncomeSharks /15
@EricCryptoman
@BillyBobBaghold
@Pentosh1
@HandsOfStone
@CryptoKaduna
@SamuelXeus
@LouisCooper_
@RiddlerDeFi
@ChadCaff
@OnChainWizard
@SmallCapScience
@IncomeSharks /15
๐ I would also like to give a massive shoutout to the multi-sig signers and community leads.
And big credit to so many of the community that have banded together, worked hard and shown the best sides of what decentralization can achieve. /16
And big credit to so many of the community that have banded together, worked hard and shown the best sides of what decentralization can achieve. /16
๐จโ๐ซ Clearly I have strong conviction here. I also hold #X7R so may be biased.
These are personal opinions and not financial advice. Please do your own research.
The community have put together a series of excellent resources on @X7_Finance:
linktr.ee/X7_Finance /17
These are personal opinions and not financial advice. Please do your own research.
The community have put together a series of excellent resources on @X7_Finance:
linktr.ee/X7_Finance /17
๐ As always If you enjoyed this thread and are interested in more DeFi alpha, give me @CrossChainAlex a follow.
And if you like the sound of @X7_Finance then give this thread a re-tweet and help spread the word.
And if you like the sound of @X7_Finance then give this thread a re-tweet and help spread the word.
https://twitter.com/CrossChainAlex/status/1621850054435782662?s=20&t=Ma0ObU6OvzySEF31XjabbA/18
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