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What’s happening at LandX this week?
📈 Why RWAs will onboard the next $1 Trillion via Hackernoon
"By tokenizing these assets on-chain, RWAs essentially bridge the gap between decentralized finance ($47 billion TVL) and traditional finance (the market cap of Nasdaq stocks alone is $18 trillion)."
Full article: https://hackernoon.com/why-rwas-real-world-assets-will-onboard-the-next-$1-trillion-into-crypto/
🎙️ RWAs, Real Yield & The Future of Web3
RWA’s and Real Yield? Count us in. Tune into our AMA w/ @landxfinance https://twitter.com/PrimapesDAO/status/1668255903814934529
Farmers market: @LiquityProtocol, @erableofficial, @AaveChan talk about the French future of Web3. https://twitter.com/landxfinance/status/1668028214353055752
📰 xTokens vs Inflation
In this thread by Haylesdefi it looks at how xTokens can be used as a hedge against inflation.
xTokens are yield-bearing tokens on the Ethereum blockchain that give holders access to real yield from farmland proceeds. They represent the four most common global staple foods: wheat, corn, soy, and rice.
Farmers commit signed legal farmland contracts on-chain to the farmland protocol and receive xTokens equivalent to the crop share they agreed to farm.
Each xToken represents a specific quantity of the underlying commodity. For example, if a farmer commits 1000kg of rice, they would receive 1000 xTokens.
Farmers can sell these xTokens on-chain to investors. Each xToken is equivalent to 1kg of crop per year, represented by cTokens.
cTokens are the actual yield received and represent 1kg of the commodity. For example, xRice holders receive 0.0027kg of rice per day, accumulating to 1kg annually.
These crop yields can only be claimed in cTokens, which can be redeemed for USDC stablecoin at any time.
The price of each cToken depends on the underlying commodity price provided by Chainlink. If the prices of these food commodities get inflated, the cTokens retain their value, allowing holders to get the exact worth in USDC.
By holding xTokens, investors can hedge against inflation because the yield from the crops remains stable and unaffected by inflationary pressures.
Full thread:
https://twitter.com/Haylesdefi/status/1667186390541500416
✈️ The Team @ ETHPrague
The team attended ETHPrague over the weekend to meet with the Ethereum community.
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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