What is xBacked? xBacked pioneers stablecoin issuance with xUSD on Algorand. Backed by gold, silver, BTC, and more, xBacked leverages Algorand Blockchain for seamless asset management and swift, low-cost transactions. Program Goals: Aligning with Algorand’s TDR principles, we focus on user growth…

Why do you focus on a xUSD-goUSD instead of a xUSD-USDC/USDt pool? xUSD can be wrapped into goUSD anyways via the algomint basket. Why do you focus so much on metals instead of ALGO which seems to be the natural choice?

Hi, Regarding vault options. Can you consider allocating those 20.000 ALGO toi vault holders in following way; 5.000 ALGO distributed evenly to all vault holders per vault (5k/vault). 5.000 ALGO distributed based on TVL in vaults. 10.000 ALGO distributed based on loan TVL. this way it encourages…

Let me speak with the team and see what they come up with :+1:

also again your focus should be stability of the peg of xUSD but you dont even have “peg keeper” pools like xUSD-USDC/USDt but instead goUSD which is again just wrapped xUSD to a degree…

Hey @lobo We focused on metals as its the largest revenue stream on the xBacked platform, we are certainly happy to support Algo pairings more as they become competitive in revenue generation for the platform. However we really want to remain focused on what is bringing in revenue. It is also a lit…

@ROAM @lobo Hey guy’s thanks for your feedback, please find our updated Q2 GP11 TDR medium article. We have made some adjustments thanks to your constructive feedback. [image] x-Backed Q2 2024 TDR GP11 Adjusted What is xBacked? Reading time: 2 min read …

I assume that “marketing” means vault holder incentives. right? but new vault incentive mechanism is :ok_hand: In general, pool allocation looks good to me. If these are the pools, only adjustment I would make is to reduce xUSD/goUSD from 30k to 25k and place that 5k to xUSD/USDC, so 10k to 15k. Bu…

Yes mate, it is vault holder incentives :+1:

GP11 Defi Rewards - xBacked

Governance Discussions

xBacked February 21, 2024, 9:26pm 9

Yes mate, it is vault holder incentives

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GP11 Defi Rewards - xBacked

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