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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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23295716 No.23295716 [Reply] [Original]

http://xeth.finance/
Daily Rebases
The original plan was to rebase at the same time everyday, but we realized this could lead to price manipulation. So the community voted to make the rebases happen at a random time everyday.
So far, the rebases have compounded to ~511%, meaning if you held onto your original xETH, you would have more than 5 times as much now.
A community member made a killer rebase dashboard where you can see daily rebase % and the rebase history: https://xeth-rebase-dashboard.herokuapp.com/
Unofficial Partnership: Farm NFTs With xETH
A new DeFi yield farming project called Meme Farm (https://memefarm.io) has announced xETH/ETH as a farming pool. The project is launching on Oct, 11 and the contract currently being audited by a 3rd party service.
While this isn’t an official partnership, it’s giving more exposure to the xETH community and will also increase liquidity. More info here: https://medium.com/@Go_APEcoin/announcing-memefarm-io-a-new-defi-yield-farming-token-that-rewards-users-with-nft-girlfriends-862f660d85e6

>> No.23295786
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23295786

Best project of 2020 hands down. No Negative Rebases. This is gonna take off and community is strong.

>> No.23295993
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23295993

Contract Address: 0xaa19673aa1b483a5c4f73b446b4f851629a7e7d6
Uniswap:
https://app.uniswap.org/#/swap?outputCurrency=0xaa19673aa1b483a5c4f73b446b4f851629a7e7d6

>> No.23296185
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23296185

Little do they know a project already exists... XETH

>> No.23296391
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23296391

>> No.23296836
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23296836

Just got that fresh Uniswap logo

>> No.23296911
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23296911

>>23296836

>> No.23296992

>>23295716
Where are the anime bobbs ffs, I only read these xETH threads because of... er... decent breadcrumbs...

>> No.23297143

both xETH are xBTC are losing steam
Why would anyone buy xETH with the shitty 0.3% daily rebases? Add that to the fact you lose 7.5% of your investment upon buying because of the deflationary tax
There is no incentive to get the rewards