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Post is by: GlitteringBeing9249 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/XelisVault/comments/1w2f5v8/how_points_and_the_500000_vlt_airdrop_will_be/ A total of 500,000 VLT, representing 5% of the total supply, has been allocated to qualified participants. Rewards will not be fixed: **each allocation will depend on the number of points earned.** **How Can You Earn Points?** Oracle / XelisVault Miner ● 1 point for each valid price submission, capped at **1,000 points per day**; ● 50 points per hour of runtime. XelisVault miners provide services to the protocol. They are different from the Proof-of-Work miners securing the XELIS blockchain. **Relayer** ● **10 points** per valid anchor containing at least five messages, **capped at 500 points per day;** ● **200 points** per day of uptime. Governance ● **50 points** per vote; ● **500 points** per proposal created. **VaultChat** ● **1 point** per message, capped at 100 points per day; ● **100 points** per group created. **Liquidity** ● **10 points** per XEL deposited into a liquidity pool, vault or the PSM. **Bug Bounty** ● Critical bug: **5,000 points;** ● High-severity bug: **1,000 points;** ● Medium-severity bug: **200 points.** **Community Contributions** Points may also be awarded manually for useful off-chain contributions: ● Helpful Discord contribution: 50 points; ● Documentation or tutorial: 200 points. # What Are the Eligibility Requirements? To qualify for the distribution, participants must: ● Accumulate at least 1,000 points; ● Be active on at least seven different days, which do not need to be consecutive; ● Register a mainnet address before the campaign closes. Participants who are active across at least three different categories will automatically receive a 25% bonus on their total points. The documentation also mentions “Early Miner” and “High Reputation” bonuses, but these are not yet automatically integrated. They should therefore not be considered guaranteed. # How Will the 500,000 VLT Be Distributed? Once the campaign ends, points will be frozen and the eligibility requirements will be checked. The following formula will be used: User’s points ÷ total points held by all qualified participants × 500,000 VLT For example, if one participant holds **1% of all qualified points,** they will receive **1% of the allocation**, **equal to 5,000 VLT.** This is not a lottery. Each participant’s allocation will directly reflect the weight of their contribution relative to the final total. # How Will Abuse Be Managed? The AirdropTracker contract includes several mechanisms: ● Daily caps to limit spam; ● Manual point additions or deductions with a recorded reason; ● Disqualification of abusive participants; ● Reversal of a disqualification; ● Exceptional qualification of a valuable contributor; ● Custom multipliers in justified cases; ● A governance-based dispute process. Scores, the number of qualified participants and final allocations will be publicly verifiable. # How Will Participants Claim Their VLT? After the campaign is finalized: 1. The final allocation list will be generated; 2. The distribution file will be published on GitHub and IPFS; 3. A Merkle root will be recorded to make the allocations independently verifiable; 4. Each qualified participant will be able to claim their VLT on mainnet using a Merkle proof; 5. The claim period is planned to remain open for **six months.** The system is designed to make the distribution proportional, transparent and resistant to double claims. Official sources: * [https://github.com/XelisVault/xelis-vault/blob/main/docs/AIRDROP\_PLAN.md](https://github.com/XelisVault/xelis-vault/blob/main/docs/AIRDROP_PLAN.md) * [https://github.com/XelisVault/xelis-vault/blob/main/docs/ENTRY\_IDS.md](https://github.com/XelisVault/xelis-vault/blob/main/docs/ENTRY_IDS.md) * [https://github.com/XelisVault/xelis-vault](https://github.com/XelisVault/xelis-vault) *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*
Post is by: Rogstrix445 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/Crypto_Currency_News/comments/1w1o3qa/why_privacy_could_change_defi_the_xelisvault/ On most DeFi protocols, nearly every action is public: the amount deposited, the debt taken on, the swaps performed, the liquidity provided and sometimes even a user’s liquidation threshold. This transparency makes blockchain activity verifiable, but it can also expose a user’s entire financial strategy. A trader may not want competitors to see the size of a position. A company should not have to reveal its complete on-chain treasury. An individual should not become a target simply because their wallet contains a significant amount of funds. This is the problem XelisVault is attempting to address. # What is XelisVault building? XelisVault is an independent DeFi project built on the XELIS blockchain. It is not developed by the XELIS core team. The protocol aims to offer several interconnected services: * deposit XEL as collateral and borrow xUSD; * repay debt and withdraw collateral; * swap XEL, xUSD and VLT; * provide liquidity; * participate in governance; * access lending, oracle and savings mechanisms; * use privacy-oriented tools designed to reduce links between addresses. The project already has substantial open-source development, testnet deployments and documented transactions. Several operations — including collateral deposits, borrowing, repayments, swaps and PSM minting — have reportedly been tested. That makes XelisVault more than a simple whitepaper. However, it remains an experimental protocol. # Where does the privacy come from? XELIS provides an interesting foundation through encrypted balances, confidential transaction amounts and cryptographic primitives available to smart contracts. In principle, this could allow DeFi applications to reveal less financial information than protocols running on fully transparent blockchains. Bots, competitors, wallet trackers and potential attackers would have fewer details to analyse or exploit. However, native blockchain privacy does not automatically make every smart-contract interaction private. In the current XelisVault testnet implementation, some contract data — including certain vault positions and mixer-related metadata — can still be stored or retrieved publicly. The protocol should therefore be described today as DeFi built on a privacy-oriented blockchain, rather than as fully confidential DeFi. Making positions, collateral amounts, debts and address relationships genuinely private remains one of the project’s most important technical challenges. # Transparency without exposing everything Privacy does not have to mean an unverifiable or opaque protocol. XelisVault’s code is open source, its rules can be inspected and transactions can still follow verifiable smart-contract logic. The objective is not to hide how the protocol works, but to avoid exposing more personal financial information than necessary. This balance — verifiable rules with more confidential user data — could become one of the most valuable applications of privacy technology in DeFi. # An ambitious project that still has to prove itself XelisVault has promising ideas and visible development activity, but it is not yet ready for real funds. The protocol still needs: * a professional independent security audit; * stronger privacy for smart-contract positions; * extended testing of liquidations, oracles and xUSD stability; * a genuinely multisignature treasury and more decentralized governance; * stress tests during severe XEL price declines; * a sustained period of testnet operation without critical incidents. The public testing campaign is scheduled to begin on August 30, 2026. Participants should use a dedicated testnet wallet that has never contained real funds or shared a seed phrase with a main wallet. Any mainnet launch previously targeted for Q4 2026 should be considered an objective, not a guaranteed date. Security and stability should determine the timeline. # The bottom line XelisVault explores an important idea: DeFi users should not have to publish their entire financial lives simply to access lending, trading or liquidity services. Its first-mover position within the XELIS ecosystem and the amount of development already completed make it a project worth testing and following. But the distinction is essential: The privacy vision is compelling. The infrastructure is being built. Full confidential DeFi has not yet been demonstrated. That is precisely what the upcoming testnet must help XelisVault prove. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*
Post is by: GlitteringBeing9249 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/XelisVault/comments/1w1iqw4/why_privacy_could_change_defi_the_xelisvault/ On most DeFi protocols, nearly every action is public: the amount deposited, the debt taken on, the swaps performed, the liquidity provided and sometimes even a user’s liquidation threshold. This transparency makes blockchain activity verifiable, but it can also expose a user’s entire financial strategy. A trader may not want competitors to see the size of a position. A company should not have to reveal its complete on-chain treasury. An individual should not become a target simply because their wallet contains a significant amount of funds. This is the problem XelisVault is attempting to address. # What is XelisVault building? XelisVault is an independent DeFi project built on the XELIS blockchain. It is not developed by the XELIS core team. The protocol aims to offer several interconnected services: * deposit XEL as collateral and borrow xUSD; * repay debt and withdraw collateral; * swap XEL, xUSD and VLT; * provide liquidity; * participate in governance; * access lending, oracle and savings mechanisms; * use privacy-oriented tools designed to reduce links between addresses. The project already has substantial open-source development, testnet deployments and documented transactions. Several operations — including collateral deposits, borrowing, repayments, swaps and PSM minting — have reportedly been tested. That makes XelisVault more than a simple whitepaper. However, it remains an experimental protocol. # Where does the privacy come from? XELIS provides an interesting foundation through encrypted balances, confidential transaction amounts and cryptographic primitives available to smart contracts. In principle, this could allow DeFi applications to reveal less financial information than protocols running on fully transparent blockchains. Bots, competitors, wallet trackers and potential attackers would have fewer details to analyse or exploit. However, native blockchain privacy does not automatically make every smart-contract interaction private. In the current XelisVault testnet implementation, some contract data — including certain vault positions and mixer-related metadata — can still be stored or retrieved publicly. The protocol should therefore be described today as DeFi built on a privacy-oriented blockchain, rather than as fully confidential DeFi. Making positions, collateral amounts, debts and address relationships genuinely private remains one of the project’s most important technical challenges. # Transparency without exposing everything Privacy does not have to mean an unverifiable or opaque protocol. XelisVault’s code is open source, its rules can be inspected and transactions can still follow verifiable smart-contract logic. The objective is not to hide how the protocol works, but to avoid exposing more personal financial information than necessary. This balance — verifiable rules with more confidential user data — could become one of the most valuable applications of privacy technology in DeFi. # An ambitious project that still has to prove itself XelisVault has promising ideas and visible development activity, but it is not yet ready for real funds. The protocol still needs: * a professional independent security audit; * stronger privacy for smart-contract positions; * extended testing of liquidations, oracles and xUSD stability; * a genuinely multisignature treasury and more decentralized governance; * stress tests during severe XEL price declines; * a sustained period of testnet operation without critical incidents. The public testing campaign is scheduled to begin on August 30, 2026. Participants should use a dedicated testnet wallet that has never contained real funds or shared a seed phrase with a main wallet. Any mainnet launch previously targeted for Q4 2026 should be considered an objective, not a guaranteed date. Security and stability should determine the timeline. # The bottom line XelisVault explores an important idea: DeFi users should not have to publish their entire financial lives simply to access lending, trading or liquidity services. Its first-mover position within the XELIS ecosystem and the amount of development already completed make it a project worth testing and following. **But the distinction is essential:** The privacy vision is compelling. The infrastructure is being built. **Full confidential DeFi has not yet been demonstrated.** That is precisely what the upcoming testnet must help XelisVault prove. **Official resources:** * [GitHub - XelisVault/xelis-vault: Confidential Lending Protocol on XELIS BlockDAG — First private overcollateralized lending · GitHub](https://github.com/XelisVault/xelis-vault) * [Cryptography](https://docs.xelis.io/features/smart-contracts/cryptography) * [Security — XELIS Vault](https://xelis-vault-website.vercel.app/security) *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*
Honestly it’s a mix of strategy and research. Big names like XRP and Solana are solid plays if you want projects with track record. But the real asymmetric upside tends to be early-stage stuff that actually solves core problems instead of just riding hype. One project I’ve been following is Xelis (XEL). It’s an early-layer-1 with a fair launch (no premining), transparent dev activity on GitHub, and a design focused on scalability, security, decentralization, and privacy. It’s not a guaranteed moonshot ( nothing is ) but it checks more of the real fundamentals boxes than a lot of alt tokens popping up lately. Bigger projects = less risk, smaller projects = more risk but more upside if they deliver. Always DYOR (especially on tokenomics and tech) before buying.
Wtf is this you answered exactly like this guy : [XEL-SargentoX](https://www.reddit.com/user/XEL-SargentoX/) •[19m ago](https://www.reddit.com/r/Bitcoin/comments/1p3axvs/comment/nq3cn4j/) You won’t convince anyone. Understand the psychology of the herd and its erratic behavior. Create a plan that fits your own possibilities and stick to it no matter what. Good luck."
That’s because of the dual mining with XEL
I am bullish on XEL - it’s a layer 1 with privacy, speed, and smart contracts coming soon. I like that it can be mined with cpu/gpu and has its own algo written in rust. It’s super low market cap so who knows, but it’s a very new chain with a lot of miners. Lots of cool features, could beat out Kaspa one day but again who knows. I am mining it and have a bag.