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X2Y2The Sunset of X2Y2
To our incredible X2Y2 community, Three years ago, on February 6, 2022, we launched the beta of X2Y2 with all of you by our side. What a ride it's been. Together, we built something extraordinary—peaking as the 2nd largest NFT marketplace behind OpenSea, racking up $5.6 billion in all-time trading volume, and even today, holding strong as the 3rd largest in the game (via TokenTerminal). I look back on those wild days—the highs of the NFT boom, the lows of its fade—with nothing but gratit...
X2Y2About X2Y2 staking rewards
Around two hours ago, the X2Y2 staking halving kicked in on block #14408224, and we noticed the APR dropped from ~1000% to ~160%, much lower than the expected 500%. After investigating the issue further, we discovered that a mistake was made in setting the initial parameters of the staking rewards contract.The first table shows the planned distribution of tokens while the second table shows how they were actually distributed as a result of the error. The error resulted in per stage having ins...
X2Y2X2Y2 Pro Partners with MARBLEX and Support Klaytn Network
X2Y2 Pro is pleased to announce a strategic partnership with MARBLEX, the blockchain subsidiary of Netmarble Corp. X2Y2 Pro is pleased to announce that it will support the Klaytn network and will officially handle and become the preferred marketplace for MARBLEX's second NFT collection(https://medium.com/marblex/ann-revealing-of-marblership-lunar-animals-269ad0a26b77 ), "Marblership Lunar Animals," scheduled for release in March 2024. MARBLEX Playground is a user-friendly ecosystem that ...
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X2Y2The Sunset of X2Y2
To our incredible X2Y2 community, Three years ago, on February 6, 2022, we launched the beta of X2Y2 with all of you by our side. What a ride it's been. Together, we built something extraordinary—peaking as the 2nd largest NFT marketplace behind OpenSea, racking up $5.6 billion in all-time trading volume, and even today, holding strong as the 3rd largest in the game (via TokenTerminal). I look back on those wild days—the highs of the NFT boom, the lows of its fade—with nothing but gratit...
X2Y2About X2Y2 staking rewards
Around two hours ago, the X2Y2 staking halving kicked in on block #14408224, and we noticed the APR dropped from ~1000% to ~160%, much lower than the expected 500%. After investigating the issue further, we discovered that a mistake was made in setting the initial parameters of the staking rewards contract.The first table shows the planned distribution of tokens while the second table shows how they were actually distributed as a result of the error. The error resulted in per stage having ins...
X2Y2X2Y2 Pro Partners with MARBLEX and Support Klaytn Network
X2Y2 Pro is pleased to announce a strategic partnership with MARBLEX, the blockchain subsidiary of Netmarble Corp. X2Y2 Pro is pleased to announce that it will support the Klaytn network and will officially handle and become the preferred marketplace for MARBLEX's second NFT collection(https://medium.com/marblex/ann-revealing-of-marblership-lunar-animals-269ad0a26b77 ), "Marblership Lunar Animals," scheduled for release in March 2024. MARBLEX Playground is a user-friendly ecosystem that ...
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X2Y2 is a NFT lending platform that offers a variety of loan options. In this article, we will introduce the "Refinance" feature.
Once borrowers have agreed to the loan terms and borrowed money through X2Y2, they can extend or replace their existing contracts at any time.
If borrowers want to continue borrowing WETH before the loan contract expires, they can apply for an extension.
It is worth noting that an extension is not a renewal of the original offer but a replacement with a new offer. The WETH obtained from the new offer will be used to repay the loan from the original offer, thus extending the borrowing time and providing an opportunity to obtain better interest rates and conditions. This can help users reduce their burdens, save interest expenses, or change repayment periods.
The X2Y2 interface displays all refinance options for loans based on the NFT collateralized for lending. The information will list the loan value, repayment amount, loan interest rate (daily), duration, and other information, making it easy for borrowers to compare.
To use the Refinance feature, follow these steps:
1. Select the offer that needs to be extended in "My Loans—Borrow" and click "Refinance".
2. On the "Refinance my loan" page, you will see all refinance options for this NFT on the site. Differences in loan amounts, interest rates, etc. will be displayed for your reference. Please "check" the offers you want to replace according to your needs
3. After selecting the offer, click "Review" to see a detailed comparison of the original loan terms and the updated terms from the new offer.After confirming that everything is correct, click "Borrow" to extend the loan. If you want to change the offer, you can click "Back" to return to the previous page.
4. After the refinance is completed, the new offer will automatically take effect. The WETH borrowed from the new offer will be used to repay the loan from the original offer, and the remaining WETH will be transferred to your wallet. For example, if the loan amount in the new loan is 0.1 WETH and the repayment amount in the current loan is 0.081657 WETH, the remaining 0.018343 WETH will be transferred to your wallet.
5. After repayment, the original loan will be terminated, and you need to complete the repayment or a new refinance before the due date of the New loan.
X2Y2 is a NFT lending platform that offers a variety of loan options. In this article, we will introduce the "Refinance" feature.
Once borrowers have agreed to the loan terms and borrowed money through X2Y2, they can extend or replace their existing contracts at any time.
If borrowers want to continue borrowing WETH before the loan contract expires, they can apply for an extension.
It is worth noting that an extension is not a renewal of the original offer but a replacement with a new offer. The WETH obtained from the new offer will be used to repay the loan from the original offer, thus extending the borrowing time and providing an opportunity to obtain better interest rates and conditions. This can help users reduce their burdens, save interest expenses, or change repayment periods.
The X2Y2 interface displays all refinance options for loans based on the NFT collateralized for lending. The information will list the loan value, repayment amount, loan interest rate (daily), duration, and other information, making it easy for borrowers to compare.
To use the Refinance feature, follow these steps:
1. Select the offer that needs to be extended in "My Loans—Borrow" and click "Refinance".
2. On the "Refinance my loan" page, you will see all refinance options for this NFT on the site. Differences in loan amounts, interest rates, etc. will be displayed for your reference. Please "check" the offers you want to replace according to your needs
3. After selecting the offer, click "Review" to see a detailed comparison of the original loan terms and the updated terms from the new offer.After confirming that everything is correct, click "Borrow" to extend the loan. If you want to change the offer, you can click "Back" to return to the previous page.
4. After the refinance is completed, the new offer will automatically take effect. The WETH borrowed from the new offer will be used to repay the loan from the original offer, and the remaining WETH will be transferred to your wallet. For example, if the loan amount in the new loan is 0.1 WETH and the repayment amount in the current loan is 0.081657 WETH, the remaining 0.018343 WETH will be transferred to your wallet.
5. After repayment, the original loan will be terminated, and you need to complete the repayment or a new refinance before the due date of the New loan.
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