gm or gn,
We're excited to share some significant updates on our liquidity management and protocol enhancements.
Liquidity Migration to Xchange
As astute on-chain observers may have noticed, we've successfully migrated 50% of our all 7 of our native tokens liquidity to Xchange (
x7finance.org). This strategic move creates evenly split pools between Xchange and Uniswap, with Xchange now offering the best prices and trading experience for X7 tokens.
We've also transferred the entire X7100 series paired liquidity tokens to Xchange, further consolidating our protocol on Xchange.
LiquidityHub Upgrades
Our proprietary LiquidityHubs have been upgraded to process fees across the ecosystem more efficiently. We're closely monitoring their performance to ensure optimal functionality.
Milestone Achievement
Establishing 50/50 pools and enabling token trading on our own DEX marks a significant milestone for X7 Finance. This achievement positions us for long-term success and will drive substantial volume to Xchange.
Liquidity Locking Plans
We understand the importance of locked liquidity for investor confidence. After thorough monitoring and performance evaluation, we plan to implement an initial two-week liquidity lock. This will be followed by a sliding scale trending upwards, with re-locks occurring at least 72 hours before expiry.
Ongoing Development
Our engineering team continues to make rapid progress on several fronts:
1. LP Liquidation: We've completed a contract to address the challenge of efficiently liquidating fees generated from liquidations, supporting protocol and holder health.
2. Staking Contracts: Development is underway for DAO Voting and X7D yield-earning staking contracts, along with supporting dApp infrastructure.
3. Multi-DEX Support: We're expanding Xchange capabilities to support additional DEXs.
Strategic Focus
Our development efforts are driven by two interconnected principles:
1. Fulfilling our fiduciary responsibility to protocol holders.
2. Ensuring protocol-generated fees benefit the entire ecosystem by increasing liquidity in Xchange pairs, creating opportunities for all traders.
X7 Finance: Beyond Meme Platforms
While platforms like @pumpdotfun have shown impressive fee revenue, recently surpassing ETH's 30-day fee revenue.
x.com/DegenerateNews/status/…
X7 Finance aims higher. We're building a protocol for real-world businesses entering the blockchain space, as well as powering all of our favorite on-chain tech and memes - where the fees generated from trading, stay in the protocol to benefit your projects liquidity and overall protocol health
Our vision is to provide a permissionless, privacy-focused platform that makes launching and scaling businesses more accessible and affordable for all.
As always,
Trust No One. Trust Code. Long Live DeFi