Xodus Finance — Earn from it all
In 2009, Satoshi Nakamoto mined the genesis block of Bitcoin, kicking off a financial revolution that challenged the status quo. In time, Bitcoin has grown and evolved — testing new concepts and ideas daily.
In 2017, the ICO craze dominated headlines and we saw billions of dollars in capital flood into cryptocurrencies, as novice and veteran investors alike snatched up as many ERC-20 tokens as they could. Time and time again we’ve seen Bitcoin rise and fall, only to emerge stronger and more credible.
Toward the end of 2021, we witnessed an onslaught of DAO projects quickly rise and just as quickly fall. Our belief in the idea behind DAOs has not waivered, however, our recognition that ‘High APY’ marketing schemes give stakers a false sense of security and that these are unsustainable in the long run prompted us to take action.
Xodus Finance offers innovative solutions to these complex and persistent problems. Xodus is a decentralized asset-backed reserve currency operating on the Fantom Opera Chain. As such, we look to diversify our portfolio and treasury to include digital and digitized real-world assets, minimizing market volatility and procuring assets that appreciate over time.
As the protocol builds more reserves and liquidity, the backing price of XOD will rise, creating a rising price floor, equivalent to our treasury assets versus current market price. We believe the difference between the current price and backing price can only be a measure of current market conditions and will correct itself in time. The supply of XOD is dynamic, meaning that a supply-induced price limit can be mitigated, allowing XOD to grow.
We are also utilizing our connections and expertise within both the real and digital worlds to help our treasury grow. We have real-world investment managers, in their retrospective fields, advising on future real and digital asset purchases. Once the treasury has been built, it will contain a rainbow basket of — liquidity farming protocols, established blockchain coins, appreciating NFTs (cryptopunks, boredapes etc), real-world asset backed Richard Mille, Patek Phillip, Rolex, Warhol, Basquait, gold, silver and more, as they come on chain!
Xodus Finance aims to be the first asset-backed finance platform on Fantom. We are determined to bring and work with innovative real-world asset projects, as well as digital assets. We will achieve this through developments, aggressive marketing, and through the power of the community we build together.
In the two months we have had to work and grow as a team, we are proud of the efforts focused on creating a fast-growing and highly involved community. The Xodus team believes in educating audiences about how our protocol works, why it works, and decisions moving forward. Since we are continuously looking to further diversify our portfolio of assets, partnerships play a vital role in gaining traction and furthering our success.
After the implementation of unique developments after launch (wFTM bond, USDC bond, and secure multi-sig framework), our developers are focusing on an innovative concept, exclusive to Xodus Finance. This concept was a result of our observations of the current rebase token space. We identified a gap between what people want from rebase token projects and what is available to them.
People often enter rebase token projects wanting a ‘safe investment’ vehicle, which these tend to be, however, often gain an unrealistic and unsustainable return on their initial contribution, unlike what they are used to in the traditional investments.
Unfortunately, our projects are still in their infancy. We continue to research, experiment, analyze, and learn from both our mistakes and triumphs on a daily basis.
We hope to create somewhat of a middle ground for investors — projects that are ‘safe’ investment vehicles, and providing realistic returns within the digital space, but that are unheard of in traditional real-world investments. We will be using our portfolio to create revenue for the protocol, which will be redistributed accordingly in XOD tokens. Both novice and veteran contributors can use our protocol as a way of diversifying their holdings, rather than doing the research and hard work themselves.
To ensure liquidity and forward planning will be maintained, we will be adding a 15 day cool down period. What this will create is a buffer zone which allows our team to work 15 days ahead of market conditions — very similar to how some staking tokens have lock-in periods, and investments have withdrawal periods/fees. This will be advantageous, considering the evolution pace of the DeFi space.
Our long term goal is for contributors to stake and earn rewards from MSI (multiple sources of income) through one token, $XOD. Every project we work with or hold will be rigorously checked to protect our contributors.
Marketing is a crucial aspect, ensuring the success of any project. We believe that our concept is a unique model, which integrates two realms. This provides a larger audience to market to. The wider our reach, the more opportunities we have to unlock our growth potential. Our marketing team is dedicated full-time hours daily to creating content and materials to help educate our audience, while also examining the successes of other similar projects in both realms, analyzing and synthesizing successful strategies that can be implemented together.
We don’t believe in selling our project, but rather in educating audiences worldwide on what it is we are trying to create. It is our firm belief that once audiences become familiarized with us and our concept, that they will be able to make informed decisions accordingly. It is important to us that our project goals are clear, and that expectations are even clearer.
As mentioned previously, one of the most vital parts of our project is our community. First impressions matter — we hope that all newcomers will soon become integral members of our community. Our main community goals are: honesty, transparency, responsiveness, and problem solving. In keeping with these goals, the Xodus team will create community campaigns to encourage, reward and celebrate community members and groups who go above and beyond to be helpful, positive and educational.
Why we chose Fantom Opera as our base
Different projects have different chain requirements. These include transaction speed, fees, scalability, and security. In the DeFi space, low transaction fees and fast transactions are necessary due to the utility of its tokens.
Fantom is the fastest blockchain network and constantly adds new features in an effort to remain updated. Transactions are usually confirmed within 1–2 seconds, this is faster than other blockchain solutions. Currently, transactions on Fantom costs less than a cent, allowing anyone to easily maneuver in and out of our ecosystem. In comparison to other blockchains in the industry, in terms of speed and low transaction costs, Fantom is second to none.
Unlike protocols and layer-2 side chains, Fantom does not depend on another blockchain for security. Being a layer-1 blockchain means Fantom has its native security protocol, while being fully compatible with EVM (Ethereum Virtual Machine). Fantom supports smart contract language such as Solidity and Vyper, making it a developer friendly environment.
Are your funds safe?
We understand that any project that deals with funds requires a solid infrastructure and security. We are hiring top-tier smart contractors to create our contracts and will also ensure that our code is analyzed by auditors, giving our contributors extra peace of mind, knowing contracts have been screened by a third-party professional.
Most importantly, once launched, the Xodus team will implement Multi-Signature Authentication (Multi-Sig) on contracts with Gnosis safe. Multi-sig adds another layer of security, as the treasury wallet now has a predefined number of required signatures to confirm the most important/largest transactions. This helps the protocol with proven unauthorized access.
● We use a 4/6 multi-sig procedure to protect our DAOs wallet and treasury contract(s). This means any large transaction or changes within the smart contract require at least 4 team members. We will look to add community members to the signatory list.
● As our team and community grows, we will be sure to update the multi-sig, adding more security.
As always, be sure to visit any of our social platforms for more information.