Xinit: Genuine deflationary yield-farming

4 min readOct 31, 2020

Xinit has come to the world of decentralized finance to change the status-quo, shift the tides and bring genuine deflationary yield-farming.

We see a lot of De-Fi projects rising every day, but none of them actually persist. That’s not the case with us, we are here to endure and prevail.

Do not worry, you’ll be hearing from us, A LOT. Now, you may ask, what’s so special about us? Well, we’re here to answer that, aren’t we?

We believe success comes from innovation, and we believe Xinit is exactly that, “INNOVATION”. Let’s go through each module one by one, to give you more insight on the project.

Tokenomics:

Max-Supply : 15,000 XIN.

Initial-Supply : 5,000 XIN (2,400 XIN allocated to the Uniswap pool, 2,600 for the presale)

The rest will be distributed to farmers. Emissions will be determined by a machine learning algorithm which is designed to decrease inflation rate.

Note : No tokens allocated to the team , therefore the project will be funded by Root-Treasury

1 — Farming:

We’ve decided to launch the farming on our platform (xinit.io) one week after the Uniswap listing. We’ll start with one POOL ($XIN-ETH), just for the time being of course.

Each week, the APY is going to be calculated and estimated through a machine learning algorithm based on data from the previous week. We’ll start with 1,000 XIN to be farmed on the first week, and we’ll go from there.

I — ZAP: Our platform, Xinit.io will integrate a magical button called Zap. The magical button will save you both time and money. You simply click that one button, you’ll be able to buy XIN, add liquidity to the Uniswap and automatically receive LP tokens that’ll be staked on our platform.

II —Auto-compounding: Rather than re-staking your rewards and spending extra fees, your earnings will automatically generate yield. This way, you make more profit, with less fees.

III — Swap in stake: In order to generate more profit to root-vault participants, a swap will be available for a percentage of staked shares which will allows farmers to participate in trading opportunities.

NOTE: In order to exit and UN-stake from root-vault, all the tokens bought will be automatically converted to our main token. Furthermore, even after using SIS , you will still take rewards but only for 2 days until you convert back to XIN.

Root-vault :

This is where participants can stake their XIN tokens and generate yield .Root-vault is designed to offer long term profit.

2 — Non-fungible Tokens (NFT):

We thought it would be a good idea to bring-in NFTs into the De-Fi ecosystem and give them true value. So far, we’ve thought of 4 NFTs for use (in a form of pictures), but there will be more in the future.

I — Root Controllers (SUDO): Each smart contract has its own controller (SUDO) which is represented as NFT, only those who hold it are able to execute owner functions, we think this will make ownership transfer, identifying the owner and burning keys much easier. Hence, this NFT will only be held by owners.

II — RVF (Root VIP Farm): Holding this NFT allows you to get extras bonus farming our pools.

III —RVV (Root VIP Vote): Holding this NFT increases your voting power.

IV — RVT (Root VIP Treasury): Holding this NFT allows you to trigger REBOOT event.

‘’Continue reading to learn more about the Root Treasury and the REBOOT event.‘’

* Marketplace:

To bring true value to our NFTs and encourage those who are not able to make high profit with our staking pool, we are building a marketplace to allow everyone to trade them.

* Buy/sell:

— Lend: For instance, in case you are not interested in farming, you can lend RVF and get a percentage off the borrower’s earnings generated by the NFT.
— Borrow : If you want to make extras earnings farming in our pools, borrow your self an RVF .

NOTE : Every NFT will be available in the marketplace, except for the Root Controllers (SUDO)

* Root Treasury:

All fees collected from Zap, Pools (Stake and UN-stake fees), Swap In Stake (SIS) and Marketplace are going to be stored in a smart contract address we call Root Treasury.

Every 2 weeks, the reboot event goes live, whoever triggers it is going to get a bonus from the treasury. The Reboot event is simply using the collected fees to buy XIN, a percentage of the bought amount will be burnt and giving the rest to Root-Vault participants ,as well as funding the project

3 — Governance:

Well, where would we be without Governance? Transparency is key to success and the community must be included in decision-making.

Off-chain voting. (No fees required)
Only those who are participating in the Root Pool have the right to vote. (Voting power is determined through different factors [Quantity of assets stacked, staking duration, etc…])

NB: Holding an RVV increases your voting power.