Here’s a temporary introduction/ overview of the fundamental structure of our XSN Decentralized Change constructed on the Lighting⚡️ Community. On this piece we are going to cowl three major elements: HUBS, Wallets, and our Aggregator/DEX API. You too can view an in depth video walkthrough of every part right here.
We’ll start with HUB’s aka LN routers, DEX HUBS ( act as off chain dealer desks) keep liquidity for channels to route funds and handle + match orders between friends by way of an orderbook. Our HUB community as a by product will present important liquidity to all Lightning/off chain networks. HUBs acquire bigger ROI on buying and selling charges vs commonplace routing which results in a better incentive to lock extra capital inside these off chain nodes, particularly for main buying and selling pairs.
Liquidity can be used to ship, obtain & route regular funds on all respective networks. HUB charges can be an necessary incentive to mitigate dangers of working a extremely liquid LN node. Our charges will present a direct profit to our coin (XSN) and community (Stakenet) by use for treasury, price burns of XSN and after we migrate to MN’s… auto-distributed as MN rewards.
- Non custodial can not tamper/ steal any funds
- Route atomic swaps (true P2P exchanges) over Lightning (on the spot)
- Set and acquire charges for the service they supply similar to sustaining friends, managing orderbook, uptime, liquidity for routing and so on (Learn extra concerning the price construction right here)
Akin to an internet browser ( a portal into the web), the pockets acts as a portal into our lightning (DEX). It’s maintained by a devoted staff to make sure high efficiency and ease of entry to the networks behind it. The pockets is supposed to present customers the flexibility of not solely sending and receiving however staking, exchanging, voting (governance), and rather more all whereas the consumer sustaining their keys always. Our inbuilt Auto-Updater function means that you can keep in control with newest fixes and options with only a click on of a button.
Lightning Community is the primary superior function to be supported within the pockets. It’s made simple with options like Auto-Pilot and Channel Leases (mechanically arrange your channels so that you can the HUBs) + the performance of P2P atomic swaps over Lightning ( Decentralized Change). You too can manually arrange your channels to wherever else like Bitfinex for instance, so you may transfer your property round at ⚡️ velocity.
Automated buying and selling programs are liable for a majority of quantity on all profitable trade platforms, these methods nonetheless want close to on the spot settlement occasions to operate appropriately and be worthwhile. As our DEX is without doubt one of the first ever to settle close to on the spot ( completed by way of Lightning Community) it permits for these programs to have a method of onboarding their liquidity. We see this as a profit not simply to our DEX however to all DEX’s because it offers a transparent path to cross liquidity from Central → Decentralized exchanges.
Utilizing our public DEX API builders have all of the instruments to setup
- Automated buying and selling programs
- Market makers
- Arbitrage bots + extra
Watch a video of our Aggregator tech at work linked to Binance:
As soon as the DEX HUB structure is confirmed secure, liquid, and scalable to excessive volumes we are going to plan the migration of the HUB community to to XSN HYDRA nodes (nodes run on high of the Stakenet blockchain) for a world unstoppable community.
Utilizing the blockchain we are able to implement charges generated from the DEX to be distributed to the HYDRA community, rising rewards for what at present are is aware of as XSN Masternodes (all Masternodes can be transformed to HYDRA nodes at stage three within the infographic beneath).
The advantages HYRDRA would supply to the DEX community are redundancy, uptime, and liquidity. All nodes can be glued collectively and linked by way of layer 1 of the XSN blockchain, regulated by its system of governance.
For extra info, updates, and information comply with us on Twitter or be a part of the Stakenet Discord.