https://etherscan.io/tx/0x9c642561dd0022b3644ff607114d2659b81e680f0500a050402cc76c73822cdb
gm or gn.
Throughout today you will see various configurations and reconfigurations, a few contract deployments, as well as new code pushed to public community organization repositories.
The beta period helped to find a number of critical bugs and issues, understand the market dynamic of loans and secondary amm liquidity pairs, and overall gauge the value proposition of our product offering in the market.
As a software project existing in the real world we will continue to evolve and improve our core product experiences. However, moving from a beta to general availability will also mark a shift in focus to other areas of the project such as the DAO and X7D yields.
X7 as a protocol and as a DAO funded open source decentralized exchange has a future measured in years and decades not weeks and months.
Many projects talk of the "strength of their community" while at the same time being negative sum ponzi games, which will eventually go to zero when the music stops.
The X7 protocol, with multiple sources of revenue for holders, from DAO staking to X7D staking, to buy backs, burns, and liquidity additions bought and paid for by actual revenue and not just ponzinomics, is an experiment in building a decentralized financial product along with a decentralized group of stakeholders, large and small, that can become a decentralized group owning governance.
The community that has built alongside the ecosystem is next to none for one important reason. The counterparties to your left and right are not necessarily your adversaries. The goal of X7 from a financial perspective is to suck up as much revenue from the DeFi landscape and funnel that capital into the hands of stakeholders. If the only way you earn a return on your X7 holdings is by someone else losing value on their X7 holdings, the project will have been a failure. This community can come together not just in hope of hoisting the project on to the next fools, but by searching for more users, more projects to launch, more markets to bring our mercenary capital to, more features to attract users, and more revenue sources to keep the coffers fat and ready.
DeFi is inherently a PvP landscape and the goal of an ecosystem design is to align incentives to get people to cooperate long enough so the whole can be greater than the sum of the parts. We think we are more than on track to building a product and community that can meet that challenge.
Enjoy the day and many more to come.
And thank you for being on this journey with us!
