xUSD is the first private and decentralized stablecoin and can be minted by burning XHV: shinny app, working product, market cap under 20M, strong demand for its usecase and more "xAssets" like xGold or xBTC are coming. Haven is like Synthetix but on Monero.
An audit of the code was asked by popular exchanges (probably Huobi or Binance given the usual clients of the audit company) and should be released within a few days. Market cap is so low because XHV is only listed on shitty exchanges (Bittrex which requires KYC and Tradeogre which has very low liquidity), it's going to explode as soon as it gets listed on a good exchange.
Who will use xUSD: -ppl who want to do tax fraud since blockchain analysis softwares are becoming more and more popular, crypto will not be the wild west it is today and soon the IRS will look further into defi on ethereum -Whales who don't want to be caught transferring funds from one exchange to another (chain analysis algos give good alphas, believe it or not...) -criminals, drug cartels don't like using XMR because they don't want to be exposed to its volatility so they need a private stablecoin and xUSD is the only one
This is the most lolable market cap on the market right now. Every day it is not at 1000 USD is an atrocity to mankind. Seriously, it should be at least at 100 USD. It’s a gem among scams and fake promises. It fucking works already and is the only coin that can protect you from the market volatility AND from an Orwellian future. I’m buying every fucking dip. Like now.
Blake Martin
i cant wait to see the people who missed the LINK train cry on /biz for missing the next 100x
Jason Baker
Imagine not having all your net worth in XHV right now.
Yeah it's crazy ppl are still sleeping on it, I guess they're just too lazy to use bittrex/tradeogre and want to chase uniswap scams. Whales are going to love it, low fees feel like fresh air lol
minimum 1 bill market cap incoming. in the U.S you are taxed on every trade. Haven will be heaven for illicit activities to escape the IRS auditing your ass
Kayden Ross
As more xassets are added the total value of all xassets will definitely increase (as long as XHV price) but I think going through xusd before cashing out your profits on coinbase (or similar fiat off-ramps) is going to become the norm so that tax services can't track you have done before. This is next-gen defi made possible by chainlink, the future is bright
Christian Miller
this or RSR? they're both attempting to be stable coins right?
Josiah Cooper
The stablecoins market on Ethereum is saturated, exchanges have ties with the company minting USDT, nobody cares about RSV when it offers nothing more than USDT, DAI, USDC or sUSD. I'm not saying xUSD will dethrone USDT within a year but to me it's obvious a lot of ppl are going to seek stability and privacy very soon. Just imagine the rush to xUSD if (more like "when" really) a western gov updates its regulatory laws, the pump is going to be insane
Cameron Wilson
ya I just took a quick glance and it does look pretty good ima do more research but I might sell my RSR for this, thanks for the thread user
Brandon Allen
It's a good time to accumulate, 10k sats is a strong support
while everybody is screaming "defi defi defi" and paying $20 in gas fees for a $50 transaction on ETH. XHV will come up from behind and fuck all the hysteric shitcoin fanatics right in the anus
Lol Tbf they are not wrong to invest in defi projects, it's just that ppl have lost sight of what defi should be. Normie adoption will come with an organic project that serves a real purpose, not unaudited degen yield farming. We are on the side of truth, we just have to wait for reality to catch up user
XHV is a clear winner. It's the first private, anonymous stable coin that has ever existed and it actually works. XHV will also be like an exchange with all the other assets, so you can get exposure to xBTC if you want, and no sneaky fucking government will know you made that trade. it's basically an anonymous exchange as well.
Wait until the underground starts using it instead of monero to avoid volatility.
Imagine missing link and then missing xhv when it was at like $1.20 and hits $1000 lmfao
Bentley Rogers
unaudited degen yield farming will not end well. YAM is a good example of the craze. 750M locked within 24 hrs with unaudited smart contracts and a bug in their rebase. XHV has a working product that's built off of Monero's CLSAG ring signatures, Bulletproofs, and has cheap TX fees as well as built in anonymity. People sleepin on this. It's literally your own private swiss bank account.
Lincoln Morgan
Soon boring will be the new exciting. Imagine not investing in a private synthetix
here's haven's main flaw: its available amount of money that can be "off-shored" is limited by its market-cap. after all, what happens if everyone (or a signifigant number of people) were to all off-shore at once? another mental exercise that will naturally lead you to the same conclusion. >criminals, drug cartels don't like using XMR because they don't want to be exposed to its volatility so they need a private stablecoin and xUSD is the only one what gives xUSD its stability, user? this is a simple question. you should be able to answer it, right?
Owen James
Once the yieldees stop dumping on each other they'll see that this is nearly unlimited yield. Price of haven is really only a function of how many people want private, stable assets. That's everyone rrrrrright? Sick project
Gabriel Stewart
>low fees feel like fresh air lol Monero is better than your shit-coin. pic very related. oh, and XMR fees drop a futher -25% in october with CLSAG implementation. all you pajeets think the "next 10x" has to be a brand new coin, or a micro-cap coin. nope. screen-cap me. Monero 4-figures by EOY 2021.
Nathan Collins
Thats a mental exercise but not achievable. That's like saying what if literally noone sold a bitcoin. Then what would its market cap be? 0. Markets have buyers and sellers. If the demand is going up people will come back onshore to take advantage and others will sell to lock in BTC. It's a market like any other.
Wyatt Gonzalez
>money that can be "off-shored" is limited by its market-cap.
Incorrect. You can "offshore" however much you invest in XHV. XHV supply is dynamic. xUSD's stability is based on XHV -- lets say you invest $100 XHV at the price of $1, you can mint $100 xUSD from that price. If the price of XHV drops to $.50, you will be able to mint 200 XHV for your $100 xUSD. The stability is in how supply expands, contracts, and the price data of various assets are secured through Chainlink Oracles.
XHV already has CLSAG implemented and working in production. They've worked with Monero's lead developer to get it to work.
Hunter James
Actually having a fluctuating price is basically the only thing I don't like about Monero. It's a great project but I don't believe widely-adoptable money should have a varying value that's tied to Bitcoin. Where can I read more about this?
Matthew Gray
XHV is private, stable money. Simple as that. It is what Bitcoin wanted to achieve but failed. The lead developers have been working in cryptography for 20 years.
Anthony Martinez
www.havenprotocol.org
Zachary Brooks
XHV more like KHV the lot of you LMAO
Brayden Murphy
You answered your own question, what's your point? Inflation of XHV supply can and has happened but the system is no longer subject to this kind of manipulation since the team has implemented a time lock on minting/burning exchanges. All of this will improve as XHV liquidity grows
Jonathan Cook
interesting, i need to look into this. this certainly would legitimize the project. >Incorrect. You can "offshore" however much you invest in XHV. XHV supply is dynamic. xUSD's stability is based on XHV -- lets say you invest $100 XHV at the price of $1, you can mint $100 xUSD from that price. If the price of XHV drops to $.50, you will be able to mint 200 XHV for your $100 xUSD. The stability is in how supply expands, contracts, and the price data of various assets are secured through Chainlink Oracles. so why wouldn't I, a theoretical XHV whale, just lock and unlock my funds all day to dominate the xUSD/USDT and xUSD/USDC pairs that would need to be implemented by exchanges? you can't just say it's stable and have an incredibly elastic supply that is at the whim of whales. that's just now how valuations work.
