XOXNO Staked EGLD
XEGLD
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
XEGLD is the liquid staking derivative for EGLD issued by XOXNO on the MultiversX blockchain. The protocol smart contracts are open-source on GitHub with modest activity, and XOXNO maintains a live Immunefi bug bounty program of up to $50,000 alongside an active Swap Aggregator on MultiversX. However, XEGLD faces notable structural and market constraints: the token exhibits very thin liquidity with 24-hour volumes frequently below $5,000, market cap remains small at ~$1.2M (TVL ~$875K), no formal third-party smart contract audits are published, and team members remain anonymous without a decentralized governance framework. The price has experienced an 82.5% drawdown from its May 2025 all-time high, mirroring broader EGLD price action. No exploits, depegs, or regulatory actions were identified. The overall score of 4.4 reflects the weighted average across all evaluated sections.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About XOXNO Staked EGLD (XEGLD)
XEGLD (XOXNO Staked EGLD) is a liquid staking derivative token issued by the XOXNO protocol on the MultiversX blockchain. The protocol allows users to stake their native EGLD tokens and receive XEGLD as a liquid receipt token, enabling participation in decentralized finance activities without completely locking up their underlying assets. The smart contracts governing the staking mechanism are written in Rust and open-sourced on GitHub.
The token employs an elastic supply mechanism where the circulating supply expands organically alongside accrued staking rewards, providing an annual percentage yield (APY) reported at approximately 8.85%. XEGLD can be redeemed back for EGLD either through instant conversion using available daily buffer liquidity or through a standard 10-day unbonding period. The protocol applies a 7% fee on staking yields, executed via newly minted tokens.
Several structural and market risks characterize the project. XEGLD operates at a relatively small scale with thin trading liquidity on decentralized exchanges, where 24-hour volumes frequently drop below $5,000. The protocol contracts have not published a completed third-party security audit, although a bug bounty program with rewards up to $50,000 is active on Immunefi. Additionally, the development team remains anonymous without formal DAO governance or documented multisig controls. In terms of price performance, XEGLD has experienced a price drawdown of approximately 82.5% from its May 2025 all-time high of $22.03, mirroring broader market movements of the underlying EGLD asset.