Yield Pass is Coming to XAI
Unlock the Full Potential of XAI Nodes with Yield Pass
We’re thrilled to announce the integration of MetaStreet's Yield Pass with the XAI ecosystem this week—an emerging NodeFi solution designed to help XAI node owners unlock liquidity and earn rewards.
This product provides node holders with access to powerful DeFi mechanisms such as lending, liquidity provision, and instant liquidity—all while maximizing yield potential and maintaining full node ownership. Read on to find out what you can expect!
What is Yield Pass?
Yield Pass revolutionizes onchain finance by bringing new DeFi potential to nodes that have traditionally been left out of the ecosystem. We first launched Yield Pass with Aethir and saw nearly 15,000 nodes deposited and hundreds of node owners benefitting from access to instant liquidity and financing. We're so excited to bring this NodeFi tool to XAI nodes.
Yield Pass works by splitting the value of your XAI node into two key tokens:
- Yield Pass Token ($YP): An ERC-20 token representing 90-day token emissions.
- Discount Pass Token ($DP): An ERC-721 token representing node ownership without token emissions.
These tokens are fully composable within DeFi, opening doors to new financial opportunities that were previously inaccessible to node owners. The diagram below outlines all the opportunities that Yield Pass unlocks with NodeFi vs. the traditional node ownership experience.
How Does It Work?
- Deposit Your XAI Node: Deposit your XAI node to Yield Pass in order split its value and mint two tokens representing the node's values—$YP and $DP tokens
- Choose Your Strategy:
- Deposit, Borrow, & Earn: After minting $YP and $DP tokens, borrow against $DP for $XAI tokens at a 0% APR introductory rate. Provide liquidity using $YP and $XAI tokens to earn swap fees and MetaStreet Node Crystals
- Deposit & Sell: Instantly sell $YP for $XAI tokens to access immediate liquidity.
This streamlined process allows node owners to gain liquidity, participate in DeFi, and generate rewards without giving up long-term ownership or emissions.
What's Next
By utilizing Yield Pass, XAI node owners can unlock immediate liquidity, earn swap fees, and gain access to MetaStreet’s Node Crystals while continuing to benefit from long-term node emissions. What's more, if you refer users to deposit on MetaStreet Yield Pass, you can also earn bonus rewards. Simply connect your wallet and social log-ins to ascend.metastreet.xyz/i/NODES to generate your unique referral code.
Stay tuned for more updates and details on how you can get started!