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MultiversX Builders (previously Elrond Builders) Profile picture
@Elrond_Builders
May 8 • 5 tweets • 5 min read Twitter logo Read on Twitter
1/
 #SALSA - @staking_agency 's Liquid Staking Algoritm, is a #smartcontract on @MultiversX , used to delegate $EGLD and receive equivalent quantity of $LEGLD (Liquid EGLD).

It adds great flexibility to Delegators, an auto-compounding feature and more.🔥

Let’s discover SALSA🧵👇 Image
2/
 Liquid #staking is a protocols that supports the security of a #blockchain, and also allows the Delegator to use the amount of staked token using a derivative token.

In case of SALSA, one delegates $EGLD to @staking_agency and receives $LEGLD

📰⬇️


👇
3/
 The main advantages of using $LEGLD vs $EGLD are:
- Instant un-delegate (a fee will be charged, based on the $EGLD reserve att)
- Daily auto-compounding
- Trade on @Elrond_One , add liquidity & farm
- Upcoming lending and borrowing services
& more

medium.com/@staking.agenc…

👇
4/
 By daily auto-compounding, the $LEGLD's price will always increase as its price is calculated as the total $EGLD staked through SALSA divided by the minted amount of $LEGLD.

The $LEGLD instant un-delegate fee is distributed to the ones that choose to add $EGLD reserves.

👇
5/
 SALSA will be released soon on #mainnet and can be tested now on #devnet at:
devnet-liquid.staking.agency/unlock

Its flow and more details have been added by
@staking_agency on multiversxbuilders.com at:
multiversxbuilders.com/projects/view/…

Ready for the #DeFi summer @MultiversX ?
Let's build!🔥🛠️

• • •

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More from @Elrond_Builders

MultiversX Builders (previously Elrond Builders) Profile picture
May 7
1/
 The first week of May is over and the @MultiversX #Builders are innovating at a fast pace, w/ many #dApps & roadmaps upgrades, events, partnerships and more.🔥

Let’s review this week’s relevant news, starting with the #MultiversXtech:


🧵👇
2/
 .@MultiversX to join the ‘Web3 Online Summer Summit’ by @meeintdao


@scottmelker interviewed @beniaminmincu - here is the recording:


.@MultiversX will join the @HackTMro #hackaton May 12-14


👇
3/
 .$EGLD launches on @CoinbaseInsto


@xPortalApp’s latest update has more than 200 improvements - upgrade now!


.#MultiversX spotlights @autoscale_ in a Builders Spotlight


👇
Read 8 tweets
MultiversX Builders (previously Elrond Builders) Profile picture
May 6
1/
 #Developers, #programmers, #innovators, unite!👊

All #builders are called to “Hack the Capital!”🧑‍💻

Are you ready?🎯

(Disclaimer: No harm is involved, only innovation!)

hacktm.ro

🧵👇 Image
2/
 @HackTMro - #hacktmhackathon is the biggest software & hardware #hackathon in South-Eastern Europe, powered by @Banat_IT and held in Timisoara, Romania, on May 12 - 14.

Why "Hack the Capital!", since Bucharest is Romania's capital? 🇷🇴

👇
3/
 This year, Timisoara has been nominated as one of the 3 European Capital of Culture🇪🇺, so the organizers extend this nomination and called it the “Capital of Hackathons”.🔥

culture.ec.europa.eu/policies/cultu…

👇
Read 7 tweets
MultiversX Builders (previously Elrond Builders) Profile picture
May 4
1/8
 @GiantsVillage is an on-chain game allowing players to collect and trade while building the Giants’ world.

It aims to be a fully #Web3 #blockchain #game on @MultiversX, w/ on-chain core logic, assets owned by the Players, governance & community-first approach.

🧵👇 Image
2/8
 The first phase of the game will be web-based, w/ an open-world that combines elements of farming simulation, virtual pet management, and world-building.

All assets and characters from the game will be on-chain as #NFTs & #SFTs, fully tradable on any marketplace.

👇
3/8
 The #NFT collection is GIANTS-93cadd and upcoming #SFT collections will be used for the land, resources, buildings, decorations, and more.

Game’s information like levels, experience, power-ups, etc will be stored directly inside the NFTs/SFTs.

xoxno.com/collection/GIA…
👇
Read 8 tweets
MultiversX Builders (previously Elrond Builders) Profile picture
May 3
1/
 @meeintdao is an Asian #web3 social gathering place for professionals, focusing on the growth of #web3 & keen on #web3 social experience.

@meeintdao & @BuidlerDAO jointly initiated 4 large-scale online summits, called the “Web3 Online Summer Summit”

👇
2/
 It covers #blockchain topics such as #metaverse, #DeFi, #infrastructure, #gaming, #NFTs and more.🔥

Various #investors, #developers, application layer project third-parties and infrastructure representatives will be present at the event too.



👇
3/
 One of the panels is called: “Metaverse, Blockchains, Artificial Intelligence and the new digital frontier”

The Guests lineup:
@dayuanb - @tencentcloud
@beniaminmincu - @MultiversX
@Nils_Wollny - @holoride
@ThisIsMarkPaul - @itheum
@StatescuRazvan - @GiantsVillage

👇
Read 5 tweets
MultiversX Builders (previously Elrond Builders) Profile picture
May 1
1/5
 @xEnlightDAO is a #Community project that aims to enhance the understanding of @MultiversX #blockchain , one thread at a time.🧑‍🏫

The subjects are being decided by the community and the threads will be created by @OvidiuArion, all working as a #DAO.

🧵👇 Image
2/5
 @xEnlightDAO uses an #SFT collection of 761 #SFTs which were free to mint at the time of launch.

Their 10% royalties are going to the designer @mightyblocs as a token of appreciation for their volunteer work.

👇
3/5
 Each #SFT represents a unique @xPortalApp wallet, and so, it empowers genuine followers to cast their vote on the next subject to be reviewed by @OvidiuArion in an authentic and decentralised way, compared with a simple poll for voting.

xenlight.gitbook.io/dao/sft-collec…

👇
Read 5 tweets
MultiversX Builders (previously Elrond Builders) Profile picture
Apr 30
1/
 The last week on April is now over. Dominated by important events which led to adoption of @xPortalApp, the @MultiversX #Blockchain continues its growth at a great pace.

Let’s review this week’s most important events, starting with @consensus2023


🧵👇
2/
 The National Institute for Research & Development in Informatics
@ICIBucharest launches the world’s first state-governed NFT Marketplace:


.$EGLD is listed on @Official_Upbit


👇
3/
 @MultiversX Team & Ecosystem Builders speaking at @CipForum


@MultiversX Team at the Blockchain Marathon 2.0 -Faculty of Business Administration:


Significant @xPortalApp adoption during #Consensus2023


👇
Read 7 tweets

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