Dubai, United Arab Emirates, December 12, 2024, Chainwire
xHaven, Flare's leading digital collectibles marketplace and blockchain infrastructure provider, is pleased to announce the launch of its native governance token, XVN. Currently available on Sparkdex, the leading decentralized exchange on Flare, this milestone marks the evolution of xHaven from a marketplace to an expansive Web3 ecosystem, offering new utilities and benefits to users. Masu.
XVN: Powering the future of xHaven
The launch of the XVN token is a pivotal step in xHaven's journey to expand its horizons by providing enhanced services and a seamless user experience across the platform.
Unlock exclusive utilities and rewards XVN unlocks the potential within the xHaven platform and provides benefits such as:
Special discounts on trading fees: Reduce costs and drive more trading activity. Platform Rewards: Earn XVN from a dedicated reward pool for every trade made on the platform, rewarding both buyers and sellers. Marketplace Rewards: Votes are earned from marketplace activity and distributed to XVN stakers through the governance token distribution mechanism. Incentives for providing liquidity: Compensation for providing liquidity to automated market makers (AMMs). Simple staking rewards: XVN staking yield to encourage long-term holding. Participate in governance: Have a say in the future development and decisions of the platform. Strengthening liquidity through strategic alliances
To ensure a robust and sustainable ecosystem, xHaven has forged important partnerships with industry leaders ichi and Sparkdex.
Ichi
xHaven leverages Ichi's innovative single-token depository to simplify the provision of liquidity for a more staking-like experience. These vaults allow you to deposit a single token into the ICHI vault via Sparkdex, eliminating the need to deposit both tokens into a liquidity pool. This simplified approach to liquidity management enhances price stability and yield opportunities and supports the growth of xHaven's ecosystem.
sparkdex
xHaven is using the SparkDEX V3.1 DEX platform to launch a liquidity pool that empowers users by concentrating assets in a specified price range. This reduces the risk of temporary loss (IL).
Empowering the xHaven community
This release aims to celebrate the vibrant xHaven community. Since its founding in 2021, xHaven (formerly Sparkles) has aimed to become the trusted platform for Songbird and Flare's NFT infrastructure. The XVN token reflects this growth, fostering active community participation and allowing users to shape the future of the platform.
About xHaven
xHaven is a leader in the digital goods industry on the Flare network. Dedicated to expanding the possibilities within Web3, xHaven offers a comprehensive suite of tools and services to empower users. For more information, please visit https://xhaven.io.
About Ichi
ICHI is a non-custodial automated protocol that optimizes capital efficiency in decentralized finance (DeFi). By leveraging a single-sided centralized liquidity pool, Ichi simplifies the provision of liquidity to users across various AMMs, making DeFi accessible and efficient. For more information, please visit https://docs.ichi.org/home.
About Sparkdex
SparkDEX is the first AI-powered Super dApp on the Flare Network, delivering a seamless DeFi experience through innovative derivatives and a cutting-edge user experience. Powered by AI, SparkDEX is the first to launch Perpetuals on the Flare Network and is poised to become the premier gateway for Flare-based trading. For more information, please visit https://sparkdex.ai.
Contact Marketing Team xHavenadmin@xhaven.io
This article was originally published on Chainwire
