CompX Labs

🔥Big News for $xUSD holders! 🔥 Our staking just got a major upgrade! 🚀 💥Starting NOW, 20% of all interest on debt will be shared directly with users who stake $xUSD – a game-changer for sustainable yield! But that’s not all... 🎁We've added over 23,000 ALGO in TDR rewards to supercharge this pool, ensuring even more value for you! This is our way of building long-term, sustainable yields for $xUSD, even after TDR wraps up this quarter. 💰Stake now and start earning: https://app.compx.io #BuiltOnAlgorand #xUSD #SustainableYield #DeFi #Algorand

We did it! 🎉 Tranche 1 completed, $50,000 deposited resulting in - $12,500 platform funds - $75,000 locked liquidity for #COMPX token Tranche 2 is active, price is $0.0018 - if you’ve held off joining the future of DeFi up till now, jump in and join the revolution! https://lnkd.in/e7ied2Z8

🚀 We’re in the final stretch! Less than $10k left in $COMPX launch tranche 1, and we want YOU to be part of this game-changing journey. Still on the fence? Here’s why you should jump in 👇 • Shape the Future: Voting power to drive CompX’s innovations. • 1.5x Your Deposit: Instant gains on your investment. • Stable Liquidity: Locked tokens for 12 months, securing the ecosystem. 💡 Not familiar with us? Here’s what we’re rolling out this quarter: • Collateralized Real Estate on-chain. • New $xUSD collateral options. • Enhanced Staking & Farming mechanics. • Earn a share of $xUSD Interest. • Consensus Rewards staking with only 8% commission. • Restaking on $ALGO—boost yield from any LST. • X-NFT Series 3 & 4 drops. • DCA into any token on autopilot. …and so much more! https://lnkd.in/e7ied2Z8 Join the token launch, back #Algorand’s top innovators in DeFi, and together let’s #BuildTheFuture. ⏳ #crypto #DeFi #staking #NFTs #launch

A beautiful site - top 4 dApp on Algorand!

🚀Join us for the final countdown to launch! 🚀 $COMPX token goes live on 11th October, come learn all about the lock drop mechanism, governance plans and more! https://lnkd.in/erPbRZau For more details visit : https://lnkd.in/e7ied2Z8

We’ve been working extremely hard over here at CompX Labs to increase our overall TVL and liquidity for xUSD! Happy to report ➡️ Overall TVL: $2.47 million ➡️ xUSD liquidity: $746k Next month we launch the $COMPX token and with combined liquidity with xUSD we are aiming for over $1 million liquidity for xUSD and $3 million in overall platform tvl across all products. With our exciting plans for consensus staking and restaking we think $5 million TVL by the end of 2024 is in sight! Amazing times coming for CompX Labs and Algorand!

If you missed our X space, catch up here on how were using Algorand forthcoming consensus incentives to get you more yield!

Want to know more about our #Algorand TDR proposal for Q4? CEO/Founder Kieran Nelson takes you through the why's and how's of the latest proposal. Make sure and subscribe to our Youtube for more content! https://lnkd.in/ewTrcfuD

Unlock the Future of Finance with xUSD! 🌐🔓💎 Discover the benefits of xUSD, a decentralized, permissionless, and over-collateralized stablecoin, in our latest article. Learn how xUSD outperforms centralized stablecoins like USDC and USDT by offering enhanced stability 🛡️, greater transparency 🔍, and increased financial inclusion 🌍. We also highlight the success of MakerDAO's DAI and guide you through the simple steps to mint xUSD at CompX. Join the revolution in digital finance and experience the peace of mind that comes with using a truly decentralized stablecoin. Read the full article now! #DeFi #Stablecoin #Crypto #Blockchain #xUSD #FinancialInclusion #Transparency #Decentralization

🚀 Unlock the Potential of Your BTC with CompX 🚀 In the fast-evolving world of cryptocurrency, leveraging assets without liquidating them is increasingly valuable. CompX enables you to mint xUSD, a stablecoin, using your Bitcoin (BTC) as collateral. This allows you to unlock the value of your BTC without selling it. In our latest article, we delve into the steps of using the CompX platform to mint xUSD, the benefits of this approach, and the essentials of Collateralized Debt Positions (CDPs) and xUSD. Key Highlights: 🔹 Understanding CDPs and xUSD: Learn how CDPs allow you to lock up BTC as collateral for a loan in xUSD, retaining BTC ownership while accessing its value. 🔹 Step-by-Step Guide: From bridging BTC to goBTC using Algomint, to depositing goBTC as collateral and minting xUSD, we provide a detailed walkthrough. 🔹 Benefits: Liquidity Without Selling: Access liquidity while benefiting from potential BTC appreciation. Stability and Security: xUSD offers stability in a volatile market, backed by over-collateralization and secure smart contracts. Participation in DeFi: Use xUSD to engage in lending, borrowing, and trading within the DeFi ecosystem. Leveraging Algorand Blockchain: Benefit from Algorand’s fast, low-cost, and secure blockchain infrastructure. 🔹 Risks and Considerations: Understand market volatility, interest rates, and the importance of security measures. The CompX platform is a powerful tool to enhance your investment strategy and actively participate in decentralized finance. Explore the full article to learn how to mint xUSD and unlock the full potential of your BTC! 👉 Read more and start minting xUSD today: app.compx.io #DeFi #Cryptocurrency #Bitcoin #Stablecoin #CompX #Algorand #Finance #Investment #Blockchain