Xash
Xash is a rewards program that pays stablecoin users in tokenized gold (PAXG) for qualifying on-chain activity such as lending, providing liquidity, and trading on Solana venues like Kamino, Orca, and Jupiter. Users authorize actions from their own wallets, earn monthly gold credits to a Gold Vault, and can cash out to their personal wallet. The program uses a points-and-XP system with multipliers and tiers to determine each user's share of the monthly gold pool.
- Blockchain & Cryptocurrency
- Financial Technology
- Web3 & NFTs
- Artificial Intelligence
- Software Only
Funding
Founders
Founder details are not available yet.
Product
Problem
Stablecoin programs typically reward passive holding, which does little to encourage the active use that makes stablecoins genuinely useful across blockchain ecosystems. Without incentives for liquidity provision, lending, and broader distribution, stablecoins fail to reach their full potential as a reliable medium of exchange or store of value. This limits the growth and utility of stablecoin markets.
Solution
Xash is a rewards program that pays stablecoin users in gold for eligible on-chain activity that makes stablecoins more useful. Users can provide liquidity, extend lending, or help expand stablecoin availability across venues, with each action reviewed and approved directly from their own wallet. Xash tracks and measures eligible activity using current rules, then distributes rewards in ounces of tokenized gold. Users can claim their gold to a personal wallet and hold it independently, without maintaining an ongoing relationship with Xash. Because gold cannot be printed by Xash, the reward offers a durable, scarcity-based alternative to typical points or token rewards.
Target Audience
Primary users are stablecoin holders and decentralized finance participants who actively deploy capital into liquidity pools, lending protocols, or distribution venues and seek a non-inflationary, asset-backed reward for their contributions.
Features
- Rewards denominated in gold ounces, claimable as tokenized gold (PAXG) to a user's own wallet
- Eligible activities include lending (Kamino), liquidity provision (Orca pool, Kamino Vault), and trading (Jupiter, Orca) for PYUSD during beta
- Activity measured as amount multiplied by time, then scaled by published multipliers (liquidity baseline 2.0x, others 1.0x)
- Monthly XP allocation (1M XP per month during beta) distributed based on activity points; XP is a permanent, non-resettable record
- Participation Score (0-1) combining recency, breadth, and consistency of activity over 13 weeks; tiers (Holder, Participant) double reward weight
- Accumulation multiplier increases with time gold remains in the Gold Vault; cashing out reduces it
- dApp interface showing daily best opportunities, cost estimates, and 30-day gold reward projections