Overview
stXAI is a liquid staking derivative of the XAI token, part of the broader XAI ecosystem. The XAI ecosystem is a Layer 3 gaming blockchain built on Arbitrum, designed to support decentralized gaming applications and infrastructure.
XAI staking is highly attractive to users, offering up to 120% APR (10% monthly) in rewards. However, the conventional XAI staking system comes with significant drawbacks—tokens are locked up for up to 180 days, and early redemptions can incur penalties as high as 75%. This can limit flexibility and access to funds, despite the high yield potential.
stXAI addresses these challenges by offering a liquid staking alternative. With stXAI, users can stake their XAI assets without being tied to long lockup periods or facing heavy penalties. Holders of stXAI earn passive rewards from the XAI ecosystem while maintaining full liquidity, allowing them to trade, transfer, or redeem their tokens at any time.
Why we are supportive of XAI
XAI is the first Layer 3 gaming blockchain built on Arbitrum, co-developed and supported directly by Offchain Labs. It offers a robust infrastructure for gaming, providing fast transactions and high scalability, making it ideal for Web3 gaming ecosystems. XAI Games solved the issue of abstracting the crypto wallet, making user onboarding easier (users don’t need to create a separate Web3 wallet). A great example of this is the Planet-X game on the XAI Games blockchain.
Key Milestones:
Seamless Integration with Binance: XAI blockchain is natively integrated with Binance, enabling easy on- and off-ramp for users to move assets between the XAI chain and other networks.
$250M Grant for Gaming Ecosystem: The Arbitrum Foundation has approved a $250 million Gaming Catalyst Program (GCP) to support the development and growth of gaming projects in the Arbitrum ecosystem.
Impressive Growth in Daily Active Gamers
XAI’s gaming ecosystem is rapidly growing, with a sharp increase in daily active gamers:
July 2024: 6,000 players per day
August 2024: 60,000 players per day
September 2024: 90,000 players per day
This rapid growth highlights the strong adoption and potential of the XAI gaming ecosystem.
Source: DappRadar
Some Popular Games on the XAI Blockchain
Who Powers stXAI?
stXAI is powered by Novadash, the largest staking pool operator within the XAI ecosystem. Novadash manages over 7,600 XAI staking nodes, playing a critical role in securing the XAI blockchain and ensuring efficient network operations. Through Novadash’s extensive and reliable infrastructure, users can safely stake their XAI tokens, maximizing yields without the restrictions imposed by conventional staking. stXAI holders benefit from continuous rewards, distributed in a way that ensures full liquidity and flexibility.
Collaboration with Spiral DAO
In a strategic collaboration with Spiral DAO, stXAI was developed to offer a seamless liquid staking experience. Spiral DAO worked closely with Novadash to create this innovative solution, combining their expertise to enhance both flexibility and earning potential for XAI holders. Together, they designed stXAI to empower users, allowing them to participate in staking without sacrificing liquidity while still enjoying the high rewards generated by the XAI ecosystem.
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