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What’s happening at LandX this week?
🛡 xUSD - The LandX Stablecoin
The most important update this week is without doubt the announcement of xUSD a stablecoin backed by real world assets.
xUSD is a US dollar stablecoin which uses a combination of USDC and xTokens in an over-collateralized vault to create a yield bearing stablecoin.
This will go live with a staking mechanism which is expected to provide a long-term sustainable yield in the region of 14-15% APR.
This is the first stablecoin in DeFi to be backed by real assets and real world production. LandX expects this unique product to capture a significant market share of the stablecoin sector which provides an incredible opportunity.
You can read more about the issuance and safety mechanics of xUSD here: https://blog.landx.fi/the-landx-stablecoin-xusd-caaaa17286c6
🔒 DeFi Safety Pre-Audit
LandX has partnered with DeFiSafety to carry out a pre-audit. This will provide the development team with valuable insights into where there is room for improvement while the final testing stages are being completed.
This is in addition to the appointment of a main external auditing company which will be announced in due course.
3rd party auditing is critical as it provides the opportunity for a security specialist to analyse the contracts without preconceived assumptions. The DeFiSafety Pre-Audit will play a big part in making sure the LandX smart contracts are safe for our users.
Read more about how DeFiSafety operates here: https://blog.landx.fi/securing-landx-with-defisafety-partnership-eed26e207b15
🌽 Developments On Discord
We are looking to start ramping up our community efforts as we get closer to launch. This week we have appointed two new members to the LandX team:
@Ruben will be starting his new role as lead moderator
@Hyper degen will be actively building the channel as our community lead
One of the first initiatives being put into place is a freeroll community poker night. This will be a fun online event designed to bring everyone together, with some great prizes up for grabs.
If you aren’t on our discord channel already it’s a great place to connect with the LandX community and learn about the protocol.
🔗 https://discord.com/invite/landx
Learn more about how LandX can help you diversify your portfolio with inflation hedged assets that offer yield based on real world production
Website & App: https://landx.fi
Twitter: https://twitter.com/landxfinance
Discord: https://discord.gg/landx
Medium: https://medium.com/landx
Telegram: https://t.me/landxfinance
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