Nado, a perpetual futures decentralized exchange (perp DEX) built on Ink Chain, has announced an expansion of its xPoint rewards program for users of its xStocks stock token product. The move aims to incentivize trading and collateralization within the platform, offering users additional earning opportunities.
How the xPoint rewards program works
Users can earn xPoints by actively trading xStocks or by depositing them as collateral. The program includes a daily trading bonus: users who trade across all xStocks markets each day can receive up to a 10% xPoint bonus. Additionally, holding xStocks as collateral applies a 25% xPoint multiplier, further boosting potential rewards. To participate, users must register on the dedicated points page on the Nado platform.
Strategic context and market relevance
The expansion of xPoint rewards comes as decentralized exchanges continue to compete for user liquidity and engagement. By offering tiered incentives, Nado seeks to differentiate its xStocks product—a tokenized representation of traditional stock market assets—within the Ink Chain ecosystem. This approach mirrors broader trends in DeFi, where reward programs are used to drive user retention and platform activity. The program is particularly relevant for traders looking to maximize yield on their crypto holdings while gaining exposure to stock-like assets.
Implications for users and the broader DeFi landscape
For users, the enhanced rewards structure provides a clear financial incentive to increase trading frequency and collateral usage on Nado. The 10% daily bonus and 25% multiplier can significantly boost xPoint accumulation, which may be redeemable for future platform benefits or governance tokens. For the DeFi sector, this development underscores the growing integration of traditional financial products—like stocks—into decentralized ecosystems, potentially attracting a wider audience of retail investors seeking familiar assets in a crypto-native environment.
Conclusion
Nado’s expansion of xPoint rewards for xStocks users represents a strategic move to deepen user engagement and liquidity on its platform. By combining daily trading bonuses with collateral multipliers, the program offers a compelling value proposition for active traders. As the DeFi space evolves, such incentive structures may become increasingly common, blending traditional finance incentives with blockchain-based rewards.
FAQs
Q1: What is xStocks?
xStocks are tokenized representations of traditional stock market assets, tradable on the Nado decentralized exchange built on Ink Chain.
Q2: How can I earn xPoints?
You can earn xPoints by trading xStocks or depositing them as collateral. Additional bonuses are available for daily trading across all xStocks markets and for holding xStocks as collateral.
Q3: Do I need to register to receive xPoints?
Yes, registration on the Nado points page is required to receive the rewards.