Xigua Finance's mission - to be Uniswap and MakerDAO on the IOST blockchain and to provide the decentralized trading and stable coin lending services.
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Description of Xigua Finance
Xigua has a unique economic model in which IOST collateral for minting will go to the liebi pool for revenue generation. Then 90% of that proceeds will go to users who bet stablecoins as interests. In addition, by betting on XUSD, users also participate in liquidity mining and can earn XG platform tokens. The platform's revenue comes from listing fees, transaction fees, dividends from Liebi and so on. All mentioned proceeds above will help to buy back and burn XG.
Xigua adopts a dual token system, where:
| 1. | XG is a platform token with a total supply of 4,000,000 tokens, of which 90% will be available for agriculture (mining). |
| 2. | XUSD is a stablecoin that appears by providing IOST of 2.5 IOST: 1 XUSD ratio. |
High transaction fees and low speed are currently the best known characteristics of Uniswap. Gas wars and losses occur daily due to slow transaction speeds.
On the Xigua project, minting is free and interest-free thanks to rewards. After the loan is repaid, you can wait 3 days (freeze period) to get back at the IOST rate for free or withdraw immediately for a small fee (about 0.5%).
Additional information
The site has WhitePaper document. Also, you can get more information about the project by studying the article on the Medium blog. Xigua is fully decentralized and actively supports community governance, and XG token market makers have full control over the platform. The development team takes only 10% of the mined XG for long-term maintenance of the platform. All profits from the platform will be used to buy back and burn XG.
From social networks, the community leads:
The smart contract has not been audited.