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X2 is the trading platform of $XVIX, it allows you to trade any price feeds Chainlink and any Uniswap Pairs in leverage 3x (soon up to leverage 10x) without slippage, without spread and without liquidation.
How is this possible? Through an ingenious concept that uses AMPL's Rebase function to balance BULL/BEARS tokens, you can read more about it here : https://xvi10.gitbook.io/xvix/x2
We can therefore trade LINK, SNX, DOT, YFI and others in leverage 3x, in a non-custodial way of course. But we can go further.
Chainlink also offers price feeds for BTC Dominance, Gas prices, commodities, Forex currencies etc... All these price feeds can easily be added to X2 for leveraged trading.
With Chainlink alone, X2 can offer a range of assets that surpasses just about any leverage trading protocol, as X2 works without LPs so adding new markets only costs the gas price of the contract. Nothing more.
On top of that, X2 will soon support all Uniswap pairs thanks to uniswap's Oracle, so you will finally have a solution to leverage trading your favorite lowcaps aha.
Each project listed on Uniswap will soon be able to create its own pair on X2 and recover half of the fees it generates, it's a win-win solution because X2 gains more volume and on the other hand the project is available for margin trading.
Now that you see how the protocol works, lets talk numbers, how does X2 generate profits and to whom are they paid?
The protocol has generated nearly $2M of volume since its launch 45 days ago with only one pair: ETH/USD.
X2 takes a 0.2% fee on each purchase and sale of BULL/BEARS tokens that represents about $180,000 in profits.
X2 takes a 0.2% fee on each purchase and sale of BULL/BEARS tokens that represents about $180,000 in profits.
The profits are then distributed to the liquidity providers on the pair XVIX/ETH and at the moment the returns are about 15% APR (not APY) paid in ETH. You can see it in live here : https://xvix.finance/stake
The icing on the cake, X2 will soon be crosschain so you can use it from Ethereum, Binance Smart Chain and maybe others blockchains as long as they are EVM compatible.
Now imagine what the volume will look like with 500+ pairs, crosschain and marketing that will be done towards Uniswap pair partnerships.
I'd rather not tell you so as not to leack too much alpha.
Have a good day.
