Although we haven’t been overly vocal over the past few weeks, we certainly haven’t slowed down. Following up on our dual exchange listing, our RI promotion and (2nd) XIOT airdrop, as well as surprising three wallets with some crafty NFTs from our XIOTRI CLASSIC collection — we are pleased to present to you an overview of our current ecosystem, as well as some more fine details with regards to our upcoming (and yes, delayed) VAULTs project.
Before we dive into the upcoming VAULTs, and the overview we have two exciting announcements: the launching of our opensea storefront for XIOTRI Classic NFTs, where we will be minting low supply NFTs from our tweets, as well as one of a kind NFTs featuring the infamous XIOTRI robot — we are pleased to announce that we have submitted the paperwork to have $RI used as a payment option on the opensea platform. We would’ve liked to have that completed before announcing this, but as was promised — we aim to deliver.
This isn’t the end of the road, nor is this the last thing that we will be doing with NFTs, but this is what we are happy to announce at this time. We are looking at ways to integrate NFTs into our LP mine in early Q1 during our PHASE II buildout.
Now, for an overview of our current ecosystem and how the VAULTs will integrate into our current system. We also wanted to note that this is NOT the MAUSOLEUM project — after careful consideration we will be separating these projects into two seperate products with two different goals.
As you can see, all roads lead to RI. As we continue development on XIOTRI all new liquidity pairs for acceptance into our LP mine will be made through RI. Building out this liquidity infrastructure now is vital to moving forward with our MAUSOLEUMS product, which we are excited to start building out now.
Some of the new pairs that we are introducing 7 DEC 2020 will be:
- RI/STRN
- RI/STXP
- RI/RITE
- RI/wBTC
- RI/TUSD
- RI/LINK
- RI/RIVE
We may expand this list before launching the new pairs — but we wanted to give you a good idea as to where we are heading.
Additionally, we will be adding new tokens to our single asset staking platform. These will include, but not be limited to:
- RITE
- STRN
- STXP
And the final announcement for our current ecosystem, is that the long anticipated re-weighting of our SaS platform will be done at this time. We plan on giving bXIOT and RI buffs, while leaving XIOT in its standing. We will be announcing the final weighting closer to the production push, to include the new asset weights.
Our VAULTs product is anticipated, and scheduled to be launched on 11 DEC 2020 (UTC), and although we will be going into this in more depth over the next week we wanted to prepare our community as much as possible as early as possible.
As you can see — not a lot has changed but we have added a spendable token option. Your XIOT/bXIOT will now be included as the yield boost if you choose to spend those. We are taking some of the great technology built through the RITE protocol, and bringing that home to XIOTRI with an on-chain price oracle for dynamic spends to increase your yield.
Additionally all yield from XIOTRI VAULTS will be paid in ETH, with your RI/dXIOT being staked during the vault timelock, withdrawn after the timelock — and your initial capital returned.
Over the next week — as we get closer to launch we will be going over in great detail the exact dynamics so you can prepare yourselves accordingly. We will be publishing which strategies we are implementing, the amounts required for yield boosts, and any other details that will help you utilise the XIOTRI VAULTS to its maximum potential.
