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Permissionless Trustless Decentralized Exchange

Launch your project on Xchange with 10-1000x the initial liquidity across multiple blockchains where anyone can Swap, Borrow and Lend!

X7 Finance·Trust No One. Trust Code. Long Live DeFi.
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February 2023
on-chains

feb-02-2023 10:01:35 pm utc

https://etherscan.io/tx/0x6458746fb3ff96c0d594a2a03bcf20b9e45587ed01d5eb0846d812be752574a8

We were about to have our first liquidation, for Loan ID 4.

I was able to estimate gas to run the transaction. And it failed:

https://etherscan.io/tx/0xedfef5823923669e69df16c9c54d22837558bf8056d0bbe4516d5e6dfa322551

Instead, an MEV bot ran the transaction for us:

https://etherscan.io/tx/0x9d9eb827f651978781be5a5bb3c65df1288b35a3a9797267f2c352825ca2f4a6

This isn't JUST a liquidation (that returned the funds to the pool from the pair for non-payment).

This is an anonymous bot competing for the opportunity to collect the escrowed liquidation reward on behalf of the X7 Ecosystem.

--

Loan ID 2 and Loan ID 3 are still in repayment and we will see them fully paid to demonstrate the successful origination and repayment of each of the current loan terms.

Loan ID 5 will be used to demonstrate liquidation with high gas on transfer and balance checks as well as transfer locks (all honeypotting techniques).

We have a few more example tokens to run and will publish all of the relevant transactions to trace the loan lifecycles for each of them.

--

We have begun to work through third party integrations with Xchange with the unverified factory and pair contract.

We can confirm that Bobby Buy Bot and Buy Bot Tech will both support Xchange swaps in the very near future.

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