Onyx DAO Proposes sXCN Liquid Staking Solution
Onyx DAO Proposes sXCN Liquid Staking Solution
🔄 Stake XCN, Keep Trading
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.
Onyx Ambassador Program Evolves with Enhanced Structure and Standards
The Onyx Ambassador Program has implemented significant changes to strengthen community representation and accountability: - New structured framework with direct reporting to moderators - Minimum requirement of 100 messages/week via Combot monitoring - Notable contributions from ambassadors like BKIM's successful X Space events - One spot open for 1am-10am UTC timezone coverage - Enhanced safety measures: all support must occur in public channels *Key Updates:* - Top 3 active ambassadors earn additional XP via Zealy - Inactive ambassadors receive warnings before replacement - Program focuses on merit-based selection and community values Want to become an ambassador? Active community members in the Asian/early European time zones can apply now.
Onyx Unveils Goliath Project: New Layer 1 Blockchain for Financial Institutions
Onyx has announced the Goliath Project, a new Layer 1 blockchain network targeting banks and financial institutions. Key features include: - Aims to match or exceed Visa's 24,000 TPS - Uses Proof-of-Stake for energy efficiency - Complements existing XCN Ledger Layer 3 Development Timeline: - Q2 2025: Whitepaper release - Q3 2025: Testnet launch - Q1 2026: Mainnet launch - Q2 2026: Bank Connectivity Mesh Network The project includes a points program with 10x multiplier for early liquidity providers. XCN token remains on Ethereum but will be bridgeable to Goliath network. Bridge assets at [bridge.onyx.org](https://bridge.onyx.org)
Onyx Protocol Completes Record $30,000 Gas Refund to 2,661 Users
**Key January Updates for Onyx Protocol:** - Ambassador program changes: Two slots filled after departures, with expanded moderation permissions granted - New Chain partnership: 30% discount on services when paying with XCN, up to 75% off for stakers - Record gas refund: Over $30,000 in ETH distributed to 2,661 addresses - Staking milestone: 3B+ XCN now actively staked - Security measures: Enhanced anti-scam initiatives implemented across social platforms The protocol also celebrated the launch of XCN Ledger, a layer 3 blockchain using XCN as native token with burn mechanism.