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The node sale for Balance Fun, a project within the Aptos ecosystem, has officially commenced. This initiative is backed by a16z and the team behind E-PAL, and it previously attracted 26 million users during its beta phase. The node sale presents an opportunity for participants to secure nodes, which are considered pivotal for decentralized finance (DeFi) by providing secure infrastructure and generating rewards. Additionally, the NodeFi Network State consortium is working to transform blockchain nodes into financial assets, allowing node holders to borrow against their nodes, earn yield, and sell future yield or airdrops. This collaborative effort includes partnerships with several entities, including Metastreet, XAI Games, and Aethir Eco, aimed at enhancing liquidity and yield in decentralized networks.
Excited to innovate and create NodeFi with the chads below: Object Orientated Finance and Node Network State is the next step in leveraging the Node primitive used to bootstrap new networks. Via NodeFi $XAI node holders will be able to: Borrow against Nodes Sell future yield… https://t.co/KiF6TdtSDX
The Xai network is joining the NodeFi Network State. What’s this mean for you? -Nodes useable in DeFi -Borrow against your nodes -Earn yield by lending against nodes -Sell future yield / airdrops from nodes All possible thanks to the chads at @metastreetxyz building a… https://t.co/V4k9MJylmn https://t.co/citAGUS0Ds
1/ Meet the NodeFi Network State: a consortium turning blockchain nodes into financial assets w/ @metastreetxyz @XAI_games @AethirEco & @impossiblefi, we're creating DeFi for nodes to boost liquidity & yield, while scaling decentralized networks Explore what we're building 🧵👇 https://t.co/SetJKywwzm
