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XOXNO Liquid Staking Review: Is xEGLD Clear Enough to Use?

XOXNO describes xEGLD as a liquid staking token for EGLD, but there isn’t enough detail to assess its fees, redemption process or security. XOXNO’s current homepage focuses on Stellar lending instead.

By the SkyBitcoins review team · Updated

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At a glance

XOXNO Liquid Staking key facts

XOXNO Liquid Staking key facts
TypeLiquid staking token
Staked assetEGLD; represented by xEGLD
ChainMultiversX
Audits listed0
TokenXOXNO
Value locked$724K−9.2% 7d
Updated

XOXNO Liquid Staking FAQs

What is XOXNO’s xEGLD?

XOXNO’s description presents xEGLD as a liquid staking token for EGLD. It says the token is pegged to EGLD and grows with staking rewards, but doesn’t explain how to get or redeem it.

Is XOXNO Liquid Staking still available?

The project description says xEGLD is integrated across the XOXNO protocol, but the current homepage describes a Stellar lending market rather than an EGLD staking product. Check that you are interacting with the intended product before connecting a wallet or depositing.

What are the risks of using xEGLD?

The product’s fees, unstaking or redemption terms, custody arrangements and security review are not established here. XOXNO lists no audits for this product, so you should not treat the absence of a listed audit as evidence that it is safe.

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How we checked

Sources

  1. defillama.com/protocol/xoxno-liquid-staking(opens in a new tab)

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