https://etherscan.io/tx/0x0036df973bef4e627b4600c2dbefaa0c6812008e78cd3a955344bbc5ea51a244
gm or gn,
Thank you for taking the time to read our on-chain messages and for your commitment and passion for what X7 finance can become.
I realize that our progress has been frustrating and we understand that. Where people's investments are involved this frustration may not just be about the capabilities that are missing or a commitment that has been made, but also too the opportunity cost of your money. This weighs more heavily on us than you know and it is not due to carelessness, ignorance, or malice that we have not yet delivered.
As an anonymous group of DeFi developers we could walk away and let the chart bleed like so often happens. We could also larp some bs about the market conditions, or building community resilience, or any number of other excuses that anonymous and even non-anonymous DeFi "devs" give. I won't do that to you.
The truth is that we had a limited window of focused capacity towards the beginning of this project. We were able to deliver 100s of smart contract deployments, and 100s of specific configurations, NFTs, splitters, tokens, liquidity management, token lockers and burners, a novel on chain loan system with the flexibility for more loan term arrangements, a lending pool, wrapped deposit tokens exactly because we have the experience and exposure to blockchain tech and legacy software that we do. However, this other work sometimes takes priority over the work that needs to be done to deliver on X7.
There have been weeks developing for X7 where I literally have slept 2-4 hours a night for days on end.
I am not telling this for sympathy, or as an excuse. But please believe me when I say that I would have wanted to deliver in days and weeks not months.
That brings us to where we are today, a sense of failure pervades. But I want to assure you, with everything we've done, we will deliver.
X7 is an experiment in building a true DeFi behemoth. An "ecosystem" that is actually that, and not a token ponzi that claims to be an ecosystem without being anything but a swappable token. X7 is literally an ecosystem - it has mechanisms for configuring fund flows, it has its own token locker to trustlessly manage ecosystem owned liquidity and funds. It has multiple layers of splitters designed to let us configure the optimal flow of resources within our ecosystem.
And X7 has its first landmark product, a novel initial liquidity loan system.
There are more things to build to fill out the picture that we initially laid out. But beyond that, X7 finance is designed to be a DAO that can configure not only the product offerings but the fund allocations. There is a future where Xchange and initial liquidity loans are just one small part of the product offerings. We imagine a world in which external developers can develop products and grant control of those products to the DAO in one form or another. If you are a developer in the community or you have an idea, what is stopping you from building that project and engaging it into the ecosystem?
