Dear X2Y2 Community,
We are thrilled to announce that we will be promoting the X2Y2 Loan to a top-level module within the X2Y2 ecosystem called X2Y2 Fi. This new module will provide specialized financialization services for NFTs and operate on a sub-domain "fi.x2y2.io" when ready.
By making X2Y2 Fi the same top-level module as our marketplace and assigning a dedicated dev team for it, we will significantly accelerate the speed of new feature rollouts. We have a wide range of innovative financial products that have been on our blueprint for a while, including cross-protocol lending and leveraged trading, which will be released soon.
Since our launch in Oct 2022, X2Y2 has become one of the biggest NFT Fi platforms in the market. We are proud to share that 25% of transactions and 10-25% of the total volume (weekly base) happen on our platform. We are grateful for the trust and support of our users, and we are committed to continuously improving our services.
As part of this transition, one of the first steps is to start charging a management fee for loans happening on X2Y2. This fee is an essential step for us as it will allow us to test and refine our new tokenomics carefully and precisely, ensuring that we can make the necessary changes while maintaining the integrity and stability of our platform. More details of this change will be revealed on our docs site.
We are excited about the bright future ahead for X2Y2 and X2Y2 Fi. We believe that our platform has the potential to revolutionize the NFT Fi market and bring greater value to our users.
Oh wait, there's “one more thing”! X2Y2 Fi is just the tip of the iceberg in the X2Y2 ecosystem. The ecosystem has some mind-blowing developments in the pipeline! So, strap in, stay tuned, and get ready for the ride!
TP / Founder of X2Y2