X7DAO (X7DAO)

X7DAO (X7DAO) is a decentralized finance (DeFi) project that aims to provide capital to individuals with great ideas while minimizing downside risks. The X7DAO team believes in the power of code and distributed consensus to offer capital in the Ethereum ecosystem reliably. With X7 Finance’s Leveraged Initial Liquidity DEX, visionary entrepreneurs, organizations, and businesses can access significant initial seed capital ranging from 10 to 1000 times Ethereum in their wallets.

Investing in the X7DAO ecosystem allows users to lend their crypto assets without worrying about downside risks. By holding X7Deposit tokens, users can earn a share of loan proceeds collected. These tokens are exchangeable with Ethereum at a 1-to-1 ratio, and their minting is controlled by the X7 protocol based on the availability of on-chain reserves. X7 Finance also offers a Lending Pool Dashboard, where users can track their lending activity.

X7DAO aims to provide a decentralized and censorship-resistant exchange experience through its upcoming DEX. Users can expect all the trading functionality and utility they are accustomed to, with the added advantage of lower fees. The project is also committed to democratic, decentralized governance, as control over various settings such as fee rates, loan terms, funding terms, and capital flows will eventually be transferred to a Voting Contract. Holders of X7DAO tokens and Magister NFTs will have the ability to make and vote on proposals in this governance system.