xExchange Announcements

After a successful Governance vote, Maiar DEX and MEX are evolving. The Scheduled Maintenance for the migration process begins today, December 8th 15:00 UTC and will end on December 10th. Relentless efforts by the team, community and partners🛠 Stay tuned for the next updates! RT: https://twitter.com/MaiarExchange/status/1600868577510559750

⚡️ Battle of Yields: xExchange Speedrun - $2,500 USD to be won! Alright, team! The latest version of the xExchange smart contracts are deployed on devnet. This means we will be testing the mainnet release candidate, so we’d like to get your feedback on. 👉 Please do: Step 1️⃣- Add liquidity! We add liquidity and stake LP tokens on the new xExchange farms • Go to: https://devnet.maiar.exchange • Buy some MEX (at least 10 xEGLD worth) • Under the 🔋 menu, go to "My ELKMEX" section - Use the slider to select a MEX quantity, and lock it as follows: ¤ Convert 50% MEX into LKMEX v2 with 1y lock ¤ Convert 50% from the remaining MEX into LKMEX v2 with 2y lock ¤ Convert 50% from the remaining MEX into LKMEX v2 with 4y lock • Add “EGLDMEX” liquidity with 1 xEGLD and the equivalent in MEX, LKMEX v2 (all timelock variants), respectively • Stake all LP tokens into the EGLDMEX farm ♦️ When finished, you need to broadcast your new energy levels, by clicking the "Update Energy" button, either on the floating prompt or under the 🔋 menu in the “My Energy” section. Step .2️⃣ - LKMEX v1 to LKMEX v2 and playing with energy • Under the 🔋 menu, go to "My LKMEX v1" (scroll all the way down) • Convert LKMEX v1 positions into LKMEX v2: tick the box to the right of each position and click "Convert" ℹ️ "Must have energy updated for old tokens first" -> your transaction will fail with this error if you did not claim LKMEX v1 from the faucet before December 7th, 22:30 UTC. • Now harvest LKMEX v2 rewards from farms ℹ️ All farm rewards will be issued as LKMEX v2 with maximum energy & 4y lock, regardless of the timelock component of the staked LP. 👨‍🎓 Example: for EGLDMEX LP with LKMEX v2 with 1y lock, the rewards are issued as LKMEX v2 with 4y lock. • Go to https://devnet.maiar.exchange/dashboard or just click the xExchange Logo on the top left corner to get to the dashboard • Scroll down to “Locked Tokens” and expand the category: ¤ Click on ELKMEX, press "Energy -" on any ELKMEX position and click either 1x or 2x ¤ For any ELKMEX position, now press "Unlock" and confirm the unlock ⏳ Wait 1 epoch (up to 4 hours) • Go to https://devnet.maiar.exchange/dashboard or just click the xExchange Logo on the top left to get to the dashboard • Under “Locked Tokens” -> “Unlocking ELKMEX” ¤ Claim your now unlocked tokens by clicking "Claim All" or cancel the unlocking by clicking "Cancel all" - either action will qualify ℹ️ It is possible to Unlock without powering down first, this order of actions is just for testing purposes. • Under the 🔋 menu, go to "My Energy Multiplier" ¤ Click "Increase my Multiplier" ¤ Tick the corresponding boxes, but leave at least one box unchecked! (for the next task) ¤ Click "Increase my Multiplier" again • Go to https://devnet.maiar.exchange/dashboard or just click the xExchange Logo on the top left to get to the dashboard • Under “Locked Tokens” -> “ELKMEX” ¤ Click “Merge”, select 2 or more relevant positions and proceed to consolidate (merge) them ℹ️ The resulting ELKMEX tokens will have a new lock period that is the weighted average of the combined positions 💰 Rewards for eligible participants will be delivered on the Mainnet, to the same address you use for testing on the Devnet. 🐞 Please post feedback, questions and bugs as replies to this message. 🌐 DEX 2.0

⚡️ Battle of Yields: xExchange Speedrun - $2,500 USD to be won! We're close! We need a few brave volunteers to help us test the latest changes. This one is against the clock, LET'S GO! ⏱ 20:20 UTC - 22:30 UTC: claim EGLD & LKMEX v1 from the devnet faucet The next steps will be similar to the previous ones, and will be posted as we progress through the schedule. 💰 Eligible participants have to claim from faucet asap and before 22:30. ⌛️ The Devnet xExchange smart contracts are currently paused for last minute updates. After claiming funds, please wait for the next instructions. 🌐 Devnet Faucet | DEX 2.0

💡 Short update on the transition to xExchange EGLD debuts on Coinbase, the largest US-based 🇺🇸 crypto exchange by trading volume. In light of this new listing, to ensure that liquidity is in sync across markets, we have decided to postpone the xExchange scheduled maintenance. 🛠 Updated timeline: - December 8, ~ 15:00 UTC - Maiar DEX will enter maintenance mode - December 9, ~ 15:00 UTC - xExchange phased launch begins - December 10 - Farms open, rewards start accumulating RT: https://twitter.com/lucianmincu/status/1600198967303688192

The first Maiar DEX referendum has seen high interest & participation. - 60% of the total LKMEX was used as voting power - 88.2% voted Yes - 6.7% Abstained & 5.1% voted No As a result, we're moving forward with the transition to xExchange and the new MEX 2.0 Economic Model🔥 The transition will unfold as follows: - 6 Dec: Maiar DEX maintenance & energy computation for each account - 7 Dec: Energy SC deployment - 8 Dec: xExchange will go through a phased launch - 9 Dec: Farms re-open, including boosted setup ➡️ https://maiar.exchange/governance RT: https://twitter.com/MaiarExchange/status/1599838016927072257

✅ Another successful Battle of Yields completed. What's next? Spanning over 3 days, the High Energy 🔋 event has been the perfect playground for everyone interested in experimenting with the new UX, features, and energy mechanism. As helpful as we think it was for anyone involved in testing, the same goes for us as well. Thanks to the 200k+ actions executed by participants, we collected important data for certain edge cases, further improving connectivity, overall performance & UI. 3041 participants that interacted with the devnet DEX (and followed the instructions) have received their EGLD rewards on the same address (on mainnet) as the one used during the event. Thank you for your continuous support 🙌 🚧🛠 Transition timeline • 6 Dec - Maiar DEX enters maintenance mode & LKMEX snapshot is taken • 7 Dec - Energy contract deployment • 8 Dec - xExchange phased launch • 9 Dec - Farms start RT: https://twitter.com/beniaminmincu/status/1599804763780304896

🔋 Battle of Yields: High Energy ends today at 18:00 UTC Great work, everyone! Thank you all for participating, we found a lot of improvements - especially on the connectivity side and infrastructure performance. Many of them were already implemented, so you can now enjoy a smoother experience while experimenting with the new features. Full focus on bringing the best version of xExchange on mainnet. ⏱ Event continues until 18:00 UTC 💰 EGLD rewards will be delivered on the mainnet to all participating wallets who complete the tasks before the deadline 🌐 Devnet Faucet | DEX 2.0

🔋 Battle of Yields: High Energy advances to Phase Two: LKMEX upgrade, Energy, Unlocks, Multipliers We convert our LKMEX v1 into LKMEX v2 (Energized LKMEX). We then play with Energy. • Go to: https://devnet.maiar.exchange • Under the 🔋 menu, go to "My LKMEX v1" (scroll all the way down) • Convert LKMEX v1 positions into LKMEX v2: tick the box to the right of each position and click "Convert" ℹ️  "Must have energy updated for old tokens first" -> your transaction will fail with this error if you did not claim LKMEX v1 from the faucet before December 1st, 12:10 UTC. • Harvest LKMEX v2 rewards from farms ℹ️ All farm rewards will be issued as LKMEX v2 with maximum energy & 4y lock, regardless of the timelock component of the staked LP. 👨‍🎓 Example: for EGLDMEX LP with LKMEX v2 with 1y lock, the rewards are issued as LKMEX v2 with 4y lock. • Under the  "My Account" menu go to "Locked Tokens" ¤ For ELKMEX first press "Energy -" and click either 1x or 2x     ¤ For ELKMEX now press "Unlock" and click “Unlock” ⏳ Wait 1 epoch (up to 4 hours) • Go to "My Account" > "Unlocking ELKMEX"     ¤ Claim your Unlocked tokens "Claim All" or cancel the unbonding "Cancel all" - either action will qualify ℹ️ It is possible to Unlock without powering down first, this order of actions is just for testing purposes. • Under the 🔋 menu, go to "My Energy Multiplier"     ¤ Click "Increase my Multiplier"     ¤ Tick the corresponding boxes     ¤ Click "Increase my Multiplier" again 💰 Rewards for eligible participants will be delivered on the Mainnet, to the same address you use for testing on the Devnet. 🐞  Please post feedback, questions and bugs as replies to this message. 🌐 Devnet Faucet | DEX 2.0

Phase 1 of the Battle of Yields “HIGH ENERGY 🔋” testing event ends at 12:00 UTC 💰 Participants will share a $10,000 prize pool 💡 Valid entries need to be part of phase 1 before it ends Participation instructions can be found here: https://t.me/MaiarExchangeAnn/324 RT: https://twitter.com/MaiarExchange/status/1598250879882256386

🔋 Battle of Yields: High Energy - Phase 1: 10,000 USD to be won, test the new features! xExchange is here. Join the public testing event and be the first to experiment with MEX 2.0 economics, LKMEX v1 & v2, energy, multipliers and the outstanding new UX! Let's get started. Step 1️⃣ - Get some funds! • Go to https://devnet-wallet.elrond.com • Get 30 xEGLD and 5,000,000 LKMEX v1 from the faucet. This is only available once every 24 hours, for each account ℹ️ LKMEX v1 should NOT be used at this stage. Please do not perform any action with them Step 2️⃣ - Add liquidity! We add liquidity and stake LP tokens on the new xExchange farms • Go to: https://devnet.maiar.exchange • Buy some MEX (at least 10 xEGLD worth) • Under the 🔋 menu, go to "My LKMEX" ¤ Convert 50% MEX into LKMEX v2 with 1y lock ¤ Convert 50% from the remaining MEX into LKMEX v2 with 2y lock ¤ Convert 50% from the remaining MEX into LKMEX v2 with 4y lock • Add “EGLDMEX” liquidity with 1 xEGLD and the equivalent in MEX, LKMEX v2 (all timelock variants), respectively • Stake all LP tokens into the EGLDMEX farm ℹ️ LKMEX v2 will be displayed as "ELKMEX" (Energized LKMEX) ♦️ When finished, you need to broadcast your new energy levels, by clicking the "Update Energy" button, either on the floating prompt or in the "My Energy" section 💡 Further instructions on PHASE TWO will follow later on 🐞 Please post feedback, questions and bugs as replies to this message 🌐 Devnet Faucet | DEX 2.0

Your LKMEX. Your voice. Your decision. Be part of the change. Make your voice heard in the Maiar DEX Governance Referendum. Voting is now OPEN 🔥 http://maiar.exchange/governance RT: https://twitter.com/beniaminmincu/status/1597291109767471104

The first Governance Referendum: Transition to xExchange and MEX 2.0. Cast your vote between November 28th and December 5th Major step forward for the Maiar DEX as the first referendum vote goes live today, giving a voice to all LKMEX holders. Voting will be open on maiar.exchange/governance starting with November 28, 18:00 UTC until December 5, 18:00 UTC. The November 16 snapshot is being used to allocate voting power to LKMEX holders. 👉 Read all about the process: https://elrond.com/blog/governance-vote-xexchange-mex20/ RT: https://twitter.com/beniaminmincu/status/1597226804385021952

The Maiar DEX transition to the new economics model is advancing: LKMEX becomes non-transferable. 🔶 For this upgrade, we will need to undergo a 60-minute maintenance starting with 17:30 UTC ✅ Rewards will continue uninterrupted https://twitter.com/MaiarExchange/status/1595827803726946307?=

MEX 2.0 Upgrade - Community’s Most Frequent Questions Answered MEX 2.0, the long-awaited redesign of the Maiar DEX, has generated a tremendous amount of interest throughout the ecosystem, stirring a high number of insightful conversations and massive community engagement. Introducing several novel concepts and reimagining the architecture already in place, MEX 2.0 inevitably awakened some hard-thought questions in the minds of the inquisitive masses. Doubling down on the community’s insightful conversations, we've written up a blog with some of your most frequent questions. 👉 Read the FAQ: https://elrond.com/blog/xexchange-mex-20-faq/ RT: https://twitter.com/luciantodea/status/1595791577888202758

xExchange will introduce foundational changes to the MultiversX DeFi landscape The amount of interest, high-quality conversations and the level of engagement on MEX 2.0 have been nothing short of amazing. Here’s a rundown of the most insightful materials we came across 👇 https://twitter.com/MaiarExchange/status/1595401824047140866

$ASH trading is now LIVE on the Maiar DEX! ✅ Swaps on ASH/EGLD pair enabled 🔒 Tokens swapped in the first 24h will result in locked tokens (for a period of 3 days) 🚜 Stake LP tokens & earn up to 1000% APR rewards for 7 days 👉 https://maiar.exchange/swap RT: https://twitter.com/MaiarExchange/status/1586044729086525440

The Price Discovery stage has concluded resulting in an $ASH price of ~$0.1116 USD 💹 During the current stage users can: 🔷 Claim Tokens 🔷 Add Liquidity 🔶 Stake LPs & Earn up to 1000% APR in the first 7 days with rewards starting October 28th Next stage: October 28th, 17:00 UTC RT: https://twitter.com/MaiarExchange/status/1585683440950706185

The AshSwap Price Discovery proceeds to the 3rd & final stage 📊 Phase 3: October 27, 13:00 UTC (now) - October 27, 17:00 UTC. 💡 Deposits of ASH & EGLD no longer possible 🔶 Withdrawals with 10% penalty Next stage: October 27, 17:00 UTC https://maiar.exchange/launch RT: https://twitter.com/MaiarExchange/status/1585618682616729600

The AshSwap Price Discovery proceeds to the next stage 📊 Phase 2: October 27, 09:00 UTC (now) - October 27, 13:00 UTC ✅ Deposits of ASH & EGLD 🔶 Withdrawals with penalty: increases over time up to 10% Next stage: Phase 3 October 27, 13:00 UTC https://maiar.exchange/launch RT: https://twitter.com/MaiarExchange/status/1585558136617934848

AshSwap: the ASH Price Discovery process is now LIVE on the Maiar Exchange The Price Discovery for the first Stable-Swap on Elrond is LIVE! Schedule: • Phase 1: Deposit & Free Withdraw October 26 17:00 UTC - October 27 09:00 UTC • Phase 2: Deposit & Up to 10% Penalty Withdraw October 27 09:00 UTC - 13:00 UTC • Phase 3: 10% Penalty Withdraw (No more deposits) October 27 13:00 UTC - 17:00 UTC The ASH listing process will continue as follows: • Claim Tokens, Add Liquidity & LP Staking October 27 17:00 UTC • Swaps Enabled (Locked tokens) October 28 17:00 UTC - October 29 17:00 UTC • Price Discovery tokens unlock October 30, 17:00 UTC ❕ Remember: Tokens swapped in the first 24 hours after trading starts will unlock on October 31 17:00 UTC • Swaps (unlocked tokens) October 31 17:00 UTC & onwards Find out the full schedule here: https://elrond.com/blog/ashswap-maiar-dex-listing-schedule/ Retweet: https://twitter.com/MaiarExchange/status/1585321182311505920