Since everyone's talking about tokens and Base not being successful like literally SessionX is the strongest holding coin on Base launched this month and the only token that has actually bought something revolutionary to Base that alone is good enough for something to talk about
1/ Update on $SXS.
2/ Vault is sitting at 1.03 cbBTC now, about 56% of the way to Pool 2 (London).
3/ With the markets dipping earlier this week, an attempt was made to inject funds directly from the dev wallet into the vault to speed things up. Contract rejected it as only fees from Pool 0 and Pool 1 can flow into the vault, which is exactly how it should work.
4/ Funds were moved out and injected into the chart instead. As some of you may have noticed over the past couple of days, buys and sells were made back to back until the fees absorbed everything. Roughly 0.35 ishBTC ended up in the vault that way. This was done in an effort to support and show long term commitment to the project.
5/ A Base miniapp is being worked on and should be live soon. Anchoring $SXS properly within the Base ecosystem.
6/ Further developments are in the works to build on top of the SessionX market. More on that soon.
7/ To sum up:
- Vault at 56%
- Base miniapp coming
- More building ahead
Watching the $SXS overlap window is like watching the gears turn. New York closes, Tokyo takes over and soon London will come, arb traders close the gap, fees pile up. Mechanical. Predictable. Profitable.
Something bigger is being built on top of this. Pay attention.
What I like about $SXS is that the team shipped and then shut up no endless announcements. No hopium roadmap slides. Just pools opening on schedule and fees accumulating.
The contract does all the talk. More projects should work like this
The SessionX isn't even 100% operational once the CBBTC pool fills then all 3 pools are live we are so early we haven't even started
See you at the bell 🔔
1/ $SXS explained.
2/ It's a token with actual market hours. Pools open and close. The contract checks the clock before every trade. If the session is closed, the swap doesn't go through.
3/ Three pools total. New York pairs with ETH, Tokyo with USDC, London with cbBTC. Different hours, overlapping so there's always somewhere to trade once all are live.
4/ Fees started high and decayed to final rates. Those fees funded each subsequent pool. The system bootstrapped itself through trading activity. No presale, no VC, no team allocation.
5/ Once all three pools are live, fees stop funding new pools. They flip to dividends. You hold, you get paid in ETH, USDC, and cbBTC.
6/ The overlap windows are where it gets interesting. When two pools are open at the same time, arb creates volume spikes. More volume = more fees = more dividends.
7/ That's it. Trading hours enforced on-chain. Self-funding pools. Dividends in three assets. Structure over chaos.
Contract: 0x3dA7Ad8101bc1fc0C80E2860Be9A531385258525
Scaled and shipped polished version of web, previous bugs have been fixed, added new cool features as well as docs and faq. Take a look https://sessionx.net/
Working on miniapp next
Pool 0 (New York) closes and Pool 1 (Tokyo) becomes the only option. But Tokyo has thinner liquidity, so the same buy pressure moves price way harder.
This is the game theory playing out. Staggered pools with different liquidity depths. Traders who understand which pool to be in and when have an edge. Every big move on the thin pool generates fees that fill the vault for London.
Once all three are live, these same dynamics feed dividends instead of building new pools.
The volatility isn't a bug. It's the mechanism. Markets trade in sessions. SessionX $SXS
$SXS in a nutshell for anyone just tuning in.
It's a token with trading hours, like actual tradfi stock market hours. When a pool closes, you're not trading because the contract enforces it.
Three pools with different hours. New York does ETH, Tokyo does USDC, London does cbBTC. They overlap so you're not totally locked out.
Fees were high at launch, dropped over time, and funded each new pool. Two are live, third is almost there. When that one opens, fees stop building pools and start paying holders. Dividends in all three assets.
The arb during overlap hours is already generating solid volume. That's the dividend engine warming up.
$SXS fees have hit their floor. 3% on New York, 2% on Tokyo. That's where they stay.
Pool 2 (London) vault is at 0.26 / 1.6 cbBTC. Should be filled during the week.
Here's what's interesting though. During the overlap hour when both pools are open, arbitrage creates volume spikes. Those spikes generate fees. Right now that's feeding the vault. Once London (CBBTC) goes live, that same mechanism feeds dividends to holders instead.
The overlap window isn't just about trading convenience. It's built-in yield generation. Every arbitrage trade during that hour is money flowing to people who hold. The busier those overlaps get, the more holders make.
Starting to see how the game theory plays out here.
Farcaster great noticing👀 👀
