Spencer Fraise
37 posts


Onyx Points are now live on Onyx Layer 1. Season 3 is underway, with rewards allocated across stXCN, USDC, and ETH.
Learn more below 👇 $XCN
blog.onyx.org/onyx-points-ar…

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@infowarsAlex177 @Onyx If you moved everything from eth staking to liquid staking after the big apr drop then you're out of luck, no voting power for you. Thanks for doing what we wanted so we can ram this crap season 2 oip out while the community has no voting power.
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📢 OIP-68: Onyx Points Season 3, Layer 1 Incentive Expansion & Governance Activation
🗳 This OIP resubmits OIP-67 with an increased $XCN airdrop of 25m for @Onyx points season 2 based on community feedback.
📊 More details & to vote see below:
app.onyx.org/en/governance/…

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@NickOnChain_ @CryptoXMike @Onyx Holding assets on ledger + bridging fees & waiting a full year for a return resulting in <15% apr vs compounding staking ~30% apr PLUS points.
Be grateful that we got less of a return for our investment, time, extra gas fees and patience compared to staking? Seriously?
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@CryptoXMike @Onyx Without the whales holding up the coin, xcn wouldn’t even be able to do airdrops. Redefine your perspective. Let’s be happy @Onyx are even doing an airdrop 🌀
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@Onyx We had to bridge xcn->base->xcn for ledger then back when our points pool was migrated to Goliath without ending season first. We lost principal in gas fees and time bridging in/out.
Explain why staking (also got points) is rewarded way more than ledger holders.
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@Onyx Gee, thanks for the extra 5 million.
25m xcn to 2b points, 1:80 ratio. 12,500 xcn per million @ 0.0038 that's $47.50 per million points.
Holding on ledger gave ~15% apr and wait a full year for reward. Staking was 20-40% apr compounded rewarded instantly.
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@Onyx x.com/JanFas82/statu…
🙌🏻 Happy with this OIP $XCN
Please succeed, I don't have votingpower anymore since I got stXCN.... 🙏🏻
Jan@JanFas82
@baldbeardcrypto @Onyx I Bridged my $XCN from Ethereum to Liquid Staking on the Onyx mainnet this week... but since then I have 0 voting power and no more Points building up (they are visible but not growing anymore since bridging) Is this correct?
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📢 OIP-67: Onyx Points Season 3, Layer 1 Incentive Expansion & Governance Activation
🗳 This OIP expands Layer 1 growth through Season 3, a 20M $XCN airdrop, enhanced staking, DEX farming, and governance.
📊 More details & to vote see below:
app.onyx.org/en/governance/…

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@Onyx Eth staking APR dropped to push everyone to liquid staking but guess what? No voting power there so everyone that moved over has no voting power to vote no on this horrible oip.
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@Onyx Only 20 million allocated after many of us held on the ledger for almost an entire year missing out on staking rewards, getting migrated abruptly and points that never calculated correctly until the very end?
We got shafted.
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@Onyx Welcome to points season 2.2.
Season 2.0 and 2.1 were fun and im excited to see what the next season version 2.3 will bring in the never ending but constantly changing points season 2.
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@Onyx Oip was too vague and ambiguous to vote for. Only thing with anything close to details is inctivising onyx staking over eth but how much apr adjustment on eth and onyx staking?
A lot of general ambiguous words like prioritize, encourage, support, align and collaborate. How?
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It's a new era for $XCN with Onyx Mesh now live, built on the Onyx Layer 1 in collaboration with @Chain for the next generation of regulated financial infrastructure.
Learn more about Onyx Mesh and explore the all-new website at Onyx.org
blog.onyx.org/its-a-new-era-…

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@Onyx Points season 2 era ends, rewards drop so next points season begins soon
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@Onyx Unless the year gets pushed out longer. Nothing says we have to end it after December lol
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@Onyx Means end to points season 2 is not soon i guess lol
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@Onyx What's the implication here with BUIDL? Onyx is a black rock and there were rumors. Why did JP Morgan give up the onyx name when XCN took it? What are you trying to say?
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Devs are cooking 🧑🍳 The @Onyx goliath.net testnet validator dashboard is now live at validators.testnet.goliath.net 🔥
Stay tuned as we continue to BUIDL. External validator onboarding 🔜 $XCN

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