Onyx DAO Proposes sXCN Liquid Staking Solution

🔄 Stake XCN, Keep Trading

By Onyx Protocol
Mar 6, 2025, 2:34 PM

Onyx DAO is introducing sXCN, a liquid staking token for the Onyx ecosystem.​ The proposal aims to enhance the current XCN staking experience by:

  • Eliminating manual reward claims through automatic yield accrual
  • Enabling users to trade or use staked assets in DeFi while earning rewards
  • Offering faster withdrawals than comparable solutions like stETH (1 block vs 37 days)

The system is inspired by Lido's stETH but includes novel features for improved efficiency.​ sXCN will integrate with Onyx Goaliath for protocol security and validator staking.​

Community members are invited to participate in discussions as the proposal develops.​

Sources
Read more about Onyx Protocol

Onyx Launches Goliath Public Testnet with aBFT Security and Hundreds of Thousands TPS

**Onyx has launched the Goliath public testnet**, marking a significant milestone in blockchain infrastructure development. **Key Features:** - **Asynchronous Byzantine Fault Tolerance (aBFT)** security - **Hundreds of thousands of transactions per second** capability - **Next-generation consensus infrastructure** for fairness and transparency **Industry Applications:** - Cross-border payments with instant settlement - Decentralized governance and voting systems - Healthcare data audit trails - Supply chain traceability with cryptographic proof **Ecosystem Integration:** Goliath complements existing Onyx products including Onyx Wallet, App, AI, and Ledger to create comprehensive digital infrastructure. **Participation Opportunities:** - **Exclusive access** to closed-source repositories for testers - **Incentive program** for testnet operators, validators, and nodes - Email [goliath@onyx.org](mailto:goliath@onyx.org) to join The testnet serves as a proving ground before mainnet launch, enabling developers and enterprises to build and experiment. **Get started:** [goliath.net](https://goliath.net)

Onyx Launches Gasless Smart Wallet with Thirdweb

Onyx Protocol introduces a new gasless smart wallet in partnership with Thirdweb, featuring innovative passkey-based authentication instead of traditional seed phrases. Key features: - No seed phrases required - uses secure hardware and biometrics - Gasless transactions powered by Onyx DAO - Phishing-resistant design - Easy device recovery through passkey providers The wallet leverages Account Abstraction (ERC-4337) to enable smart contract functionality and flexible authentication. Users can sign in with Google, Apple, or phone number while maintaining security through passkey verification. Learn more about the future of seedless, gasless DeFi at [Onyx Protocol](https://blog.onyx.org)

Onyx Partners with Thirdweb for Gasless Smart Wallet

Onyx Protocol announces partnership with Thirdweb to launch a gasless smart wallet powered by Account Abstraction. Key features include: - No gas fees required for transactions - Enhanced security with customizable access models - Real-time analytics and monitoring - Smart contract functionality for automated actions The integration aims to make blockchain interactions more user-friendly while maintaining decentralization. Thirdweb will provide infrastructure support and data insights to help optimize protocol performance. Learn more at [Thirdweb](https://thirdweb.com)

Meet the 10 Community Leaders Powering the XCN Ecosystem

The Onyx DAO community has voted to decentralize its Ambassador Program, marking a significant shift in governance. The program currently features 10 active ambassadors from diverse backgrounds: - Global representation spanning Nigeria, South Korea, Indonesia, and Turkey - Varied expertise including content creation, community management, and technical analysis - Multilingual capabilities covering 8+ languages The ambassadors will now be nominated and managed directly by the DAO community, while maintaining oversight safeguards. This transition reflects Onyx's commitment to community-led governance and follows their recent implementation of gas-free polling through Snapshot.org. Learn more about the ambassadors at [polls.onyx.org](https://polls.onyx.org)

Onyx Protocol Launches AI-Powered Autonomous Agent

Onyx Protocol has launched **Onyx AI**, a blockchain-native autonomous agent operating on the XCN Ledger. The agent combines blockchain execution with AI reasoning capabilities. Key features: - DeFi task automation for staking, lending, and yield optimization - Autonomous token management for minting, burning, and airdrops - Cross-chain interoperability support The system uses XCN as its exclusive medium for computation and transactions. It operates within a permissionless framework while maintaining security through embedded protocols. This development follows Onyx's recent launch of their Layer 3 XCN Ledger, built on Arbitrum Orbit and using Base for settlement.

GovernanceDeFiStakingYield