Zilliqa-powered XCAD announced a short-term single asset staking pool with a variable APY that rewards early staking of XCAD with dXCAD. The APY value will depend on the amount of XCAD that gets staked.
The last 20 days or so have been extremely successful for both XCAD Network and the Zilliqa network with our DEX Launch, we have managed over $96M TVL on our DEX massively helping grow the Zilliqa Defi ecosystem. A huge accomplishment for a project with a 150m market cap.
As a data driven company, It’s now time for some adjustments…
We’re reducing the APYs to increase the scarcity dXCAD, while also a lot of the pools have far more liquidity than is required. The APRs will still remain very high. It’s also worth noting the dXCAD price has risen significantly, meaning the APY’s are higher as a result.
dXCAD has performed extremely well so far, we’re now adjusting to ensure it’s sustainability for the long term, and we will soon be releasing (Once legal has signed off) the full economic and utility model.
As you may have seen, XCAD has been pulling many ZRC2 tokens up as it rises due to the token pairings all being against XCAD. This is great however at the same time it comes at a cost. Traders arb the price between the XCAD pair on XCAD DEX and the pair on Zilswap creating sell pressure on XCAD, by reducing the rewards we hope that liquidity will thin out slightly, but still stay healthy, meaning less sell pressure from arb traders. We hope with a more healthy amount of liquidity for every token, we can keep rising together, as that is what we strive for.
We’re releasing a short term single asset pool in which XCAD gives dXCAD. We didn’t want to completely reduce the APRs without giving back to the community, so we’ve allocated some of the reduction towards this pool. Unlike the other XCAD single asset staking pool, this will be a variable APY pool in which the APY will depend on how many XCAD gets staked. Therefore, the sooner you stake, the better your rewards!
Pool Details
Stake : XCAD
Reward : dXCAD
Epoch Cycle : Daily
Rewards per epoch (day) : 40 dXCAD
Minimum Staking Period : 12 Days
Early un-stake Penalty : 20%
Farm and Stake XCAD here: https://swap.xcadnetwork.com/pool-overview/
Stay tuned for a lot more dXCAD token utility and the economics release! As mentioned the APRs are still sky high compared to most DEX’s and are subject to change in the future (In both directions based off data)
