XAI is an emerging gaming ecosystem in a decentralized ecosystem and has become the focus of the ARB development team under Offchain Labs since its launch in January 2024. As a representative of the AI sector and also with the characteristics of the L3 sector, XAI is unique in the blockchain industry.
The staking mechanism plays a vital role in the XAI ecosystem. By locking XAI tokens in specific smart contracts, users can not only help strengthen the security and efficiency of the network, but also receive additional XAI tokens or other forms of rewards, such as USDT, based on the staking level.
Let’s take a deeper look at XAI’s staking mechanism and ecosystem development:
1. The design of the staking mechanism is inspired by the staking model of TIA (Celestia):
- XAI's staking mechanism is inspired by TIA (Celestia), a PoS blockchain based on the Cosmos SDK. Celestia separates the application layer and the consensus layer, allowing transactions to be executed independently while ensuring that the data of these transactions is available and verifiable by anyone. By staking TIA tokens, users can participate in the security of the network, including voting on the network governance, and also allow users to earn income by selecting validators or becoming validators themselves. This staking model deepens user participation in network governance and income acquisition, reflecting the trend of the cryptocurrency industry towards higher decentralization and user participation.
2. XAI staking mechanism:
- Currently, the official documentation is gradually updating the content about the staking mechanism. Users can participate in staking by converting XAI purchased on the market into esXAI. This operation process has been clarified in community discussions. This design not only provides a path for individuals who want to invest in XAI, but also opens up a way for community members who do not intend to directly operate nodes to participate in staking. The project team is committed to improving the staking mechanism and actively absorbing valuable opinions from community users to ensure the continued development of the XAI ecosystem.
3. Yield section:
- In the DeFi space, "Yield" usually refers to the return on investment or rate of return, which represents the income that investors get from their investment. In the XAI ecosystem, staking esXAI to obtain esXAI is the core of the Yield section. Users can create pools, join node keys, stake esXAI, and receive corresponding rewards. This model is designed to incentivize users to actively participate and create a more interactive and rewarding experience².
In short, XAI's staking mechanism and ecological development complement each other and jointly promote the overall success of the project. By actively interacting with the community and continuously optimizing the staking process, XAI is steadily moving towards the pinnacle of the decentralized gaming industry.
