XSN: Devs silently chugging along

twitter.com/XSNofficial/status/1293537256888651777

Two years of waiting are finally coming to fruition this month.
i just payed $20 in gas fees this morning to unpool some liquidity and buy a dip. This problem is only going to get worse and the defi (new SweetPotato projects and YFI v5) keep rolling out clogging the ethereum network. Onchain solutions don't work and only L2 will sustainably fix that problem. But L2 integration isn't easily (let only cross chain L2 interactions), but XSN has proven it is not only possible, but that such a solution will be available to the public in a few short weeks.

Defi is the goldmine, XSN will sell the shovels

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Upcoming tasks from the devs:

1. **HF/ HW support in wallet** (enable Cold staking and MN mgmt from light wallet)

Beginning of our XSN chain upgrades, starting with a core wallet update (within the week) to allow TPoS and MN mgmt from HW such as Ledger & Trezor directly from our light wallet

2. **Ethereum support in wallet**

basic ETH and ERC-20 support (followed by
@raiden_network
in wallet support + $ETH trading pairs)

3. **Launch page & website launch** for public distribution of wallet + DEX

Leading up to #3 will begin live trading on the DEX as planned, also will release continuous build updates and improvements to our beta groups ensuring a hardened and stable candidate for release

xsn is going to moon so hard if this dex works as well as anticipated. If this bullshit defi bubble keeps blowing, we're going to see $10 XSN purely from siphoning away Uniscam's volume

Unironically going to be $5 end of month.

>soon I will

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I think this might be a reason why XSN is slow to take off. Most people are used to the metamask -> uniswap system which is made ridiculously easy. But once volume picks up and people see the trade fees and speeds frm XSN they will eventually migrate. There are so many people here with 1-5 ETH stacks who are getting wrecked by fees

I don’t think people quite realize yet.

Stakenet is the centralized exchange killer.

Everyone is going to use it. Why wouldn’t you? There’s no KYC.

>There’s no KYC.
To be fair that’s not really a selling point since uniswap can also claim that.
However, every other point made in this thread makes it clear it kicks the shot out of uniswap.

I get the feeling Uniswap and other ETH DEX’s are about to get fucked with this if XSN team are smart about it. Until it gets to hydra where MN owners make the fees the team still have control right?

If so what’s stopping the team from approaching hot new Defi projects and getting them to list first on XSN DEX? They could offer them sweetheart deals where the project get like 50% or even all of the trading fees generated by their coin back so projects would actually get paid to list there and would want everyone trading on it. They wouldn’t need to pay any other exchange for listing as that would take volume and money directly away from the project. In the mean time XSN team gain a fuck load of users who see how cheap and fast XSN DEX is and they never return to Uniswap or other exchanges because they can get what they want straight out their wallet.

because fiat on-ramp