Introduction

The 0x_nodes project was created to act as a single point of entry into the Decentralized Finance (DeFi) space. The 0x_nodes project has created a protocol to aggregate available yield from multiple sources while also mitigating, and offloading risk.

On 0x_nodes, users stake the native assets of the supported blockchains to earn native asset rewards. Users choose from a variety of investment strategies to stake their assets on. The system deploys user funds to the underlying investment strategies in batches, resulting in cost savings. The 0x_nodes protocol periodically distributes rewards back to the users as claimable native assets and provides users with the option of automatically reinvesting yield. Users can also stake the $0xNODE token to earn rewards in the form of native assets. 0x_nodes will deploy a new algorithmic token, $$0xNODE, to serve as a value-adding derivative to $0xNODE, beginning the deployment of technologies such as veTokenomics, on-chain governance, staking, and other utility for $0xNODE.

The project makes it extremely convenient for users to draw yield from numerous decentralized exchanges and blockchains in one place. Traditional DeFi platforms lack a cross-chain interface that allows free exchange of native assets between non-native environments.

Users often move assets from Ethereum mainnet to remote chains for deployment, which is slow and expensive. Users also have to spend valuable time staying upto-date with multiple yield sources on alternative chains, an exercise which takes time and inevitably results in lost opportunities.

The technology behind 0x_nodes is a set of modularized smart contracts designed to allow for rapid development and easy deployment of new features.

The philosophy of 0x_nodes is to emphasize strong community engagement, open source development, and easy integration and upgrades of the underlying technology.

Last updated