Protocol Overview

XOXNO’s Liquid Staking Protocol manages delegation distribution across multiple providers, following these steps:

1. Delegation Pooling: Instead of delegating immediately, incoming EGLD is accumulated within the contract.

2. Batch Delegation: Once per day, pooled EGLD is delegated across selected providers, distributing the amount fairly across up to 15–20 providers per transaction. When the amount allows, delegations can be distributed across the entire provider list in multiple transactions.

3. Dynamic Un-delegation: If users request to unstake, pending EGLD from the delegation pool is used for instant withdrawal. If unavailable, users enter a 10-day unbonding period, represented by an NFT.

4. Reward Compounding: Rewards are automatically re-delegated to providers, with XOXNO taking a fair cut via fresh xEGLD minting, thus compounding the user’s gains.