πŸš€Getting Started

Welcome to XOXNO! This guide will help you navigate the platform and get started with the features that matter to you.

Quick Navigation

Choose your path based on what you want to do:

I want to...
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Buy or sell NFTs

Earn interest on my crypto

Increase my exposure with leverage

Build applications with our APIs

Prerequisites

Before you begin, you'll need:

  1. A MultiversX Wallet

  2. Some EGLD (MultiversX native token)

    • For transaction fees (very low, ~$0.001-0.01 per transaction)

    • Buy on exchanges: Binance, KuCoin, etc.

  3. Understanding of Basic Concepts

    • Blockchain wallets and private keys

    • Gas fees and transaction signing

    • Risk in DeFi (never invest more than you can afford to lose)


NFT Trading

Getting Started with NFTs

  1. Connect Your Wallet

    • Click "Connect Wallet" in top right

    • Select your wallet type and approve connection

  2. Browse Collections

    • Explore trending collections on homepage

    • Use filters to find specific traits or price ranges

    • Check collection floor price and volume

  3. Make Your First Purchase

    • Click on an NFT you like

    • Review price and rarity

    • Click "Buy Now" and confirm transaction

    • NFT appears in your wallet instantly!

  4. List an NFT for Sale

    • Go to your profile

    • Select NFT to sell

    • Set your price in EGLD

    • Confirm listing transaction

Learn More:


DeFi Lending

Start Earning Interest

The XOXNO lending protocol (xLend) allows you to earn interest by supplying assets or borrow against your collateral.

Your First Supply

  1. Navigate to xLend

  2. Choose an Asset to Supply

    • Popular choices: EGLD, USDC, USDT

    • Check current supply APY (Annual Percentage Yield)

    • Higher APY = more interest earned

  3. Supply Your Assets

    • Click "Supply" on chosen asset

    • Enter amount (keep some EGLD for gas fees!)

    • Approve transaction

    • Start earning immediately!

  4. Monitor Your Position

    • Dashboard shows total supplied value

    • Interest accrues every block (~6 seconds)

    • Withdraw anytime (if not used as collateral)

Understanding Health Factor

Before borrowing, understand the Health Factor:

  • > 2.0: Very safe βœ…

  • 1.5 - 2.0: Safe, good buffer βœ…

  • 1.2 - 1.5: Moderate risk ⚠️

  • < 1.2: High risk, close to liquidation ❌

  • < 1.0: Liquidation occurs 🚨

Learn More:


Leverage Trading

Advanced Strategies for Experienced Users

Leverage Basics

Leverage allows you to multiply your exposure to an asset:

  • Long: Bet on price going up (borrow stablecoins, buy asset)

  • Short: Bet on price going down (borrow asset, sell for stablecoins)

  • 2x-5x leverage is common, higher is riskier

Your First Leveraged Position

  1. Start Small

    • Begin with 2x leverage

    • Use small amounts to learn

    • Monitor your health factor closely

  2. Choose Long or Short

    • Long EGLD: Supply EGLD, borrow USDC, buy more EGLD

    • Short EGLD: Supply USDC, borrow EGLD, sell for USDC

  3. Monitor Daily

    • Check health factor

    • Watch for price movements

    • Have exit strategy ready

  4. Close Position

    • Repay borrowed amount

    • Withdraw remaining collateral

    • Calculate profit/loss

Learn More:


Multiply Strategies

Optimize Your Yields

Multiply strategies combine lending and borrowing to amplify returns:

Strategy
Complexity
Best For

Beginner

Leveraging staking rewards

Intermediate

LP token holders

Advanced

Rate arbitrage

Advanced

Incentive programs

Start with Liquid Boost if you're new to multiply strategies - it's the safest and easiest to understand.


Developers

Building on XOXNO

Access our APIs to integrate XOXNO services into your application:

Aggregator API

Get optimal swap routes across multiple DEXs:

Relayer WebSocket

Real-time blockchain data and transaction services:

Learn More:


Common Questions

How much does it cost to use XOXNO?

Platform Fees:

  • NFT trades: 2% marketplace fee

  • Lending: No fees (earn interest!)

  • Borrowing: Interest rates (varies by asset, typically 2-8% APR)

  • Aggregator swaps: 0.3% protocol fee

Gas Fees:

  • Very low on MultiversX (~$0.001-0.01 per transaction)

  • Keep ~0.1 EGLD in wallet for gas

Is my money safe?

Security measures:

  • Smart contracts are audited

  • Non-custodial (you control your keys)

  • Battle-tested protocols

  • Insurance funds for lenders

Your responsibility:

  • Secure your seed phrase

  • Understand liquidation risks

  • Start with small amounts

  • Never share private keys

What if I get liquidated?

Liquidation happens when Health Factor < 1.0:

  1. Prevention: Keep Health Factor > 1.5

  2. Early warning: Monitor daily

  3. If close to liquidation:

    • Add more collateral, OR

    • Repay part of your loan, OR

    • Close position entirely

  4. After liquidation:

    • You keep remaining collateral

    • Liquidation penalty (~5-10%) is taken

    • Learn and adjust strategy

Where can I get help?


Your Learning Path

Beginner (Week 1-2)

  1. Connect wallet and explore NFT marketplace

  2. Supply assets to earn interest

  3. Understand health factor concept

  4. Monitor your position daily

Intermediate (Week 3-4)

  1. Try borrowing small amounts

  2. Experiment with E-Mode

  3. Learn about Liquid Boost strategy

  4. Explore liquid staking (XEGLD)

Advanced (Month 2+)

  1. Try 2x leverage positions

  2. Experiment with Multiply strategies

  3. Use advanced features (Flash Loans, Vaults)

  4. Build with XOXNO APIs


Next Steps

Ready to dive deeper? Here are recommended next pages based on your interests:

NFT Enthusiasts:

DeFi Users:

Traders:

Developers:

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