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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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January 2023
on-chains

jan-16-2023 01:22:23 pm utc

https://etherscan.io/tx/0x21d6c1227f1c91e60e2b9be4c6079d0791dce05a6ddcf6b06af23f3750bebc9c

gm or gn.

The X7D and X7 Lending Pool Reserve contracts have been deployed:

X7D: 0x7D000a1B9439740692F8942A296E1810955F5000 X7 Lending Pool Reserve: 0x7Ca54e9Aa3128bF15f764fa0f0f93e72b5267000

In the next few hours we will set the X7 Lending Pool Reserve as the destination for the Lending Pool on the X7 Ecosystem Splitter. The existing escrowed funds will flow in to the X7 Lending Pool Reserve contract. The website dashboard has been updated to include this contract for the purposes of calculating the total Lending Pool balance. We encourage any community tools to also update to reflect this contract in the Lending Pool balance.

All funds that flow from ecosystem contracts into the X7 Lending Pool Reserve will result in X7D being minted and sent to the X7 Token Time Lock.

This is controlled by calling the setEcosystemPayer function. The ecosystem contracts that have been configured as payers are below:

X7100 Liquidity Hub: 0x7102407afa5d6581AAb694FEB03fEB0e7Cf69ebb
X7RLiquidity Hub: 0x712E87520f35a0a17A49bcCA4D87c201F0A46EBb
X7DAO Liquidity Hub: 0x7DA0e45cE7fD8359544Be00a6618215770851ebB
X7 Ecosystem Splitter: 0x70001BA1BA4d85739E7B6A7C646B8aba5ed6c888
X7 Treasury Splitter: 0x70006B785AA87821331a974C3d5af81CdE5BB999
X7 Ecosystem Maxi: 0x7000CAE2C1016e7De45ec9b54F1835b966BCA4f7
X7 Liquidity Maxi: 0x7000F8270B955377e047da8202aE3c408186B4F7
X7 DEX Maxi: 0x7000b3B5e4e126610A7b7d1Af2D2DE8685c7C4f7
X7 Borrowing Maxi: 0x7000D5d7707Bf86b317deC635e459E47b9aBD4F7
X7 Magister: 0x7dA0bb55E4097FC2d78a1822105057F36C5F360d

These transactions can be viewed by looking at the early functions called on the X7 Lending Pool Reserve contract (https://etherscan.io/address/0x7ca54e9aa3128bf15f764fa0f0f93e72b5267000).

The time lock for ecosystem X7D tokens has been configured on the X7 Token Time lock for 2023-02-01. In the next few days if everything appears to be operating as expected, this will be extended to one year. This lock will be controlled by the DAO once governance handover occurs.

X7D is a fully backed token with the future opportunity to earn rewards based on the lending activity (and other possible revenue generating activity). Please take note of the caution givin in the X7 Lending Pool contract. However, with that caution noted, it is now possible for community members to participate in growing the lending pool balance through direct contributions by calling the depositETH or depositETHForRecipient functions on the X7D Lending Pool Reserve contract. X7D that has been minted may be withdrawn by calling the withdrawETH on the X7D Lending Pool Reserve contract. These capabilities will be added to app.x7.finance in the coming days but community members are encouraged (if they so choose at their own risk) to deposit ETH by using contract function write capabilities on a website like etherscan.io.

depositETH: https://etherscan.io/address/0x7ca54e9aa3128bf15f764fa0f0f93e72b5267000#writeContract#F1
depositETHForRecipient: https://etherscan.io/address/0x7ca54e9aa3128bf15f764fa0f0f93e72b5267000#writeContract#F2
withdrawETH: https://etherscan.io/address/0x7ca54e9aa3128bf15f764fa0f0f93e72b5267000#writeContract#F13

Contributors may also simply transfer ETH to the X7 Lending Pool Reserve contract and X7D will be minted to your wallet.

More contract deployments to come.

Long Live DeFi!

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