1 00:00:14,230 --> 00:00:20,743 [HOST] Welcome to X1 Report, your source for the latest in blockchain news. Today, we're diving 2 00:00:20,743 --> 00:00:27,256 into an innovative move by X1 Labs aimed at deepening liquidity on their exchange, XDEX. 3 00:00:27,256 --> 00:00:33,474 [ANALYST] X1 Labs has introduced a new yield farming program on XDEX, designed to incentivize 4 00:00:33,474 --> 00:00:40,141 liquidity providers (LPs) and address the thinness of pools that has historically plagued 5 00:00:40,141 --> 00:00:42,164 young blockchain exchanges. 6 00:00:42,164 --> 00:00:47,790 [HOST] The program features four distinct farms, each offering different rewards based on the 7 00:00:47,790 --> 00:00:51,846 pair they're trading. Let's take a closer look at these pools. 8 00:00:51,846 --> 00:01:00,703 [ANALYST] First up is XNT/PEPE with an XP Annual Percentage Rate (APR) of 100.17% and a Depth Boost 9 00:01:00,703 --> 00:01:09,659 multiplier of 1.00x, followed by XNT/USDC.X at 6.50% APR and 2.24x Depth Boost, XNT/XNM at 10 00:01:09,659 --> 00:01:18,417 4.02% APR with no Depth Boost, and XNT/DGN with an estimated 14.5% APR and a 1.00x Depth 11 00:01:18,417 --> 00:01:19,014 Boost. 12 00:01:19,014 --> 00:01:25,725 [HOST] These pairs were chosen for their strategic importance to the X1 ecosystem. USDC.X, the 13 00:01:25,725 --> 00:01:32,669 bridged stablecoin, is the most heavily boosted, while DGN, the Degen launchpad token, and 14 00:01:32,669 --> 00:01:35,523 XNM, Xenium, round out the selection. 15 00:01:35,523 --> 00:01:41,435 [ANALYST] The Depth Boost multiplier is a key feature of this program. It ensures that LPs are 16 00:01:41,435 --> 00:01:47,347 rewarded more for providing liquidity in pools that are most critical to the overall 17 00:01:47,347 --> 00:01:49,107 exchange's functionality. 18 00:01:49,107 --> 00:01:55,963 [HOST] For instance, the USDC.X pair, which anchors price discovery on the exchange, benefits 19 00:01:55,963 --> 00:02:02,899 from a 2.24x Depth Boost, making it more attractive for LPs to provide liquidity there. 20 00:02:02,899 --> 00:02:09,199 [ANALYST] The scoring system is designed to reward both liquidity provision and staking of LP 21 00:02:09,199 --> 00:02:15,347 tokens. CORE, the X1 Labs platform, uses logarithmic curves to ensure that larger 22 00:02:15,347 --> 00:02:18,155 providers don't dominate the rewards. 23 00:02:18,155 --> 00:02:24,363 [HOST] This dual-layer approach not only incentivizes LPs but also promotes a more diverse and 24 00:02:24,363 --> 00:02:26,932 durable pool of liquidity providers. 25 00:02:26,932 --> 00:02:33,353 [ANALYST] The Depth Boost multiplier is just one part of CORE's broader liquidity policy. Multi-hop 26 00:02:33,353 --> 00:02:39,558 smart routing, tokenized equities, and Degen graduations all rely on deep liquidity to 27 00:02:39,558 --> 00:02:41,073 function effectively. 28 00:02:41,073 --> 00:02:47,480 [HOST] Jason, the lead developer behind both XDEX and CORE, has been vocal about the upcoming 29 00:02:47,480 --> 00:02:51,801 developments. He hinted that more is coming down the road. 30 00:02:51,801 --> 00:02:58,609 [ANALYST] For now, providers can access these farms at app.xdex.xyz/farming, and track their 31 00:02:58,609 --> 00:03:05,749 balances at core.x1.xyz. The system is still in its early stages, with payouts running 32 00:03:05,749 --> 00:03:08,240 ahead of the accounting cycle. 33 00:03:08,240 --> 00:03:14,845 [HOST] While the program offers attractive rewards, it's important to note that standard LP risk 34 00:03:14,845 --> 00:03:21,079 still applies. An XNT/PEPE position could potentially yield a worse token split than 35 00:03:21,079 --> 00:03:23,008 simply holding the tokens. 36 00:03:23,008 --> 00:03:29,353 [ANALYST] X1 Labs is clearly committed to building a robust and deep liquidity ecosystem on XDEX. 37 00:03:29,353 --> 00:03:35,261 With ongoing upgrades and strategic incentives, they're addressing one of the key 38 00:03:35,261 --> 00:03:38,542 challenges facing young blockchain exchanges. 39 00:03:38,542 --> 00:03:45,033 [HOST] That's all for today's report. Stay tuned for more updates from the world of blockchain. 40 00:03:45,033 --> 00:03:47,320 This is X1 Report, signing off.