Nado, a decentralized futures exchange (perp DEX) built on Ink Chain, has announced an expansion of its xPoint rewards program for users of its xStocks stock token product. This move aims to boost trading and collateral provision within the platform, providing users with additional earning opportunities.
How the xPoint rewards program works
Users can earn xPoints by actively trading xStocks or by posting them as collateral. The program includes a daily trading bonus: users who trade on all xStocks markets every day can receive an xPoint bonus of up to 10%. Additionally, holding xStocks as collateral carries a 25% xPoint multiplier, further increasing the potential rewards. To participate, users must register on the dedicated points page on the Nado platform.
Strategic context and market relevance
The expansion of xPoint rewards comes as decentralized exchanges continue to compete for user liquidity and engagement. By offering tiered incentives, Nado aims to differentiate its xStocks product – a symbolic representation of traditional stock market assets – within the Ink Chain ecosystem. This approach reflects broader trends in DeFi, where rewards programs are used to drive user retention and platform activity. The program is particularly relevant for traders who want to maximize returns on their crypto holdings while gaining exposure to stock-like assets.
Implications for users and the broader DeFi landscape
For users, the improved reward structure provides a clear financial incentive to increase trading frequency and collateral use on Nado. The 10% daily bonus and 25% multiplier can significantly increase xPoint accumulation, which can potentially be redeemed for future platform benefits or governance tokens. For the DeFi sector, this development underlines the increasing integration of traditional financial products – such as equities – into decentralized ecosystems, potentially attracting a broader audience of retail investors looking for trusted assets in a crypto-native environment.
Conclusion
Nado’s expansion of xPoint rewards for xStocks users represents a strategic move to deepen user engagement and liquidity on its platform. By combining daily trading bonuses with collateral multipliers, the program offers an attractive value proposition for active traders. As the DeFi space evolves, such incentive structures may become increasingly common, combining traditional financial incentives with blockchain-based rewards.
Frequently asked questions
Question 1: What is xStocks?
xStocks are tokenized representations of traditional stock market assets, tradable on the Nado decentralized exchange built on Ink Chain.
Question 2: How can I earn xPoints?
You can earn xPoints by trading xStocks or posting them as collateral. Additional bonuses are available for daily trading on all xStocks markets and for holding xStocks as collateral.
Question 3: Do I have to register to receive xPoints?
Yes, registration on the Nado points page is required to receive the rewards.