/biz/ - Business & Finance

xETH 2.0 still in development;

xETH 2.0 shortly summarized (it’s everything xEth is but much, much, much better):
>Automated Price Reactive Lag Rate -- It is a rate in which the lag automatically changes reactive to the price of xEth, taking into account psychological aspects of price, selling pressure & price pumps. This is a huge step forward to decentralisation!
>Automatic Price Reactive Burn Rate -- An automatic burn rate is just like the lag rate, but it’s how much of the transaction is burnt on sells (not buys!) so this is our mechanism in response to other projects negative rebases (+taxes).
>Mechanisms to drive above peg -- To top it all off we are working on an automatic mechanism to drive us above peg.
>Audit (huge imo) -- The code will be 100% audited by a 3rd party auditing company (yet to be selected but we have an idea of who).