Dear Sanctum Pioneers!
We are excited to present xSOL, a Liquid Staking Token (LST) designed to optimize the Solana staking experience through ElagabalX. Our mission is to ease the path for new users into the world of decentralized finance, making it more accessible, informative, and innovative.
ElagabalX: A Story That Began with Curiosity
Four years ago, my wife and I took our first steps into the world of blockchains and cryptocurrencies. Thanks to the TDS program and the strong technical community of SOLANA, driven by an unquenchable curiosity and desire to understand this new world, we gradually immersed ourselves in this fascinating field. This is how ElagabalX Validator was born - initially a small project that grew into a business and then into a dream.
As our knowledge grew, we realized how difficult it is for newcomers to enter the world of cryptocurrencies and blockchain due to the fear of the unknown. This led to the expansion of ElagabalX’s mission in 2023: to create our own educational platform to attract new users to the Solana ecosystem. Our validator, providing exceptional performance and security, became the first step in realizing this idea. Since the 14th TDS cycle in May 2021, we have been a dedicated supporter of the Solana network. ElagabalX is not just a high-performance validator, but a community for knowledge exchange, embodying the journey from novices to experts ready to share their experience and help others overcome barriers in the blockchain world.
Introducing xSOL
xSOL is not just another LST; it’s a cornerstone that allows us to draw more attention to our mission. xSOL offers an impressive 8.24% APY, maximizing returns for our stakers.
You can not only earn staking rewards while maintaining liquidity but also participate in our SOL Invictus loyalty program, which helps us build our own community of like-minded individuals.
SOL Invictus
The SOL Invictus program is a loyalty program that rewards long-term stakers and active community participants with additional benefits and opportunities. xSOL holders are involved in various activities: selecting and predicting weekly MEME winners, promoting winners on social media, learning, and earning points with our Education Classes. All these activities allow our community not only to gain valuable knowledge but also to earn additional APY.
To demonstrate the real impact of our SOL Invictus program, let’s break down the rewards for one of our top stakers over the first three weeks:
Staking Position:
- Native SOL stake: 246.13 SOL (Base APY: 8.52%)
- xSOL: 117.43 (Base APY: 7.98%)
- Total stake: 363.56 SOL
Airdrop Rewards:
Week 1: 6.34 SOL
Week 2: 5.7 SOL (in $BILLY)
Week 3: 2 SOL (in GIGA)
Total airdrop value: 14.04 SOL
APY Calculation:
- Base APY (weighted average): ((246.13 * 8.52%) + (117.43 * 7.98%)) / 363.56 = 8.34%
- Additional APY from airdrops: (14.04 / 363.56) * (52/3) * 100 = 67.16%
- Total APY: 8.34% + 67.16% = 75.50%
This means that participants in our SOL Invictus program are currently enjoying an effective APY of 75.50%, which is significantly higher than standard staking returns!
Education Class
Creating and educating a community has always been our primary task. Along this path, we’ve encountered many challenges: creating educational content, attracting interested experts, contributing our own knowledge, and financing development. Every day we improve to make our dream a reality. Already, our “Education Class” series, providing in-depth knowledge about blockchain and DeFi, is moving from X(Twitter) to our Discord and will be continuously updated. We’re glad that our community is growing organically, showing people’s interest in our vision.
We release Education Classes several times a week. Each member of our community studies an informative article and takes a quiz, earning points that will bring more rewards in the SOL Invictus program in the future.
At this stage, this form is a primitive prototype that will be improved. Our goal is to create a platform for knowledge exchange for everyone, not just to transfer our knowledge to the community.
Why Choose xSOL?
- At its core, LST is staking associated with one or a pool of validators. ElagabalX validator’s history of 100% uptime and top-tier security measures ensures that your assets are in safe hands.
- Active participation in learning, governance, and meme coin selection contributes to creating a vibrant and engaged community that will eventually evolve into a DAO.
- xSOL holders receive and pass on access to live educational content that helps navigate the complex world of cryptocurrencies.
You’re not only earning for yourself but also helping us create a project with fundamental, benevolent goals. Knowledge should shine like the sun, like the invincible sun!
Looking to the Future
Our vision for xSOL goes beyond simple staking. We are developing the Magistratus dApp, scheduled for phased launch throughout 2024-2025. This platform will offer advanced staking management, improved governance participation, deep DeFi integration, and the evolution of the community into a DAO.
We are also committed to constant innovation in liquid staking, striving to make it more flexible and profitable for everyone. Our goal is to create the most active and dedicated community in the industry, united by shared values and a passion for innovation.
Join us in shaping the future of Solana staking with xSOL. Together, we’re not just participating in the blockchain revolution – we’re leading it.
Discord Server | Twitter | Telegram
Stay tuned for updates and join our community on Discord and Twitter to be part of this exciting journey!
