Xar Network was created from a need of corporate and central banks to use blockchain technology in a private, permissioned space. As our feature set grew we noticed consistent cross-over with the decentralized finance ecosystem, so eventually the Xar toolkit grew to a full-fledged decentralized finance toolbox. Xar Network offers access to advantages of both purely traditional banking systems and blockchain systems - using blockchain based or decentralized finance (DeFi).
XAR Network public chain is a permissionless decentralized network with a focus on DeFi (decentralized finance). Based on Lachesis and the TxFlow protocol, Fantom Foundation's consensus mechanism allows high responsiveness with almost instantaneous full finality (~1.2 seconds), at very high transactional throughput (processing in excess of 20,000 transactions per second). As a result, Xar Network and our customized and localized chains can provide fully verifiable, transparent and truly decentralised validation of transactions in the real world - at an unprecedented speed.
XAR Network's public chain allows you to deposit any supported digital asset, collateralize it, mint Collateralized Stable Currency Tokens (CSCTs) based on this collateral, and then use these CSCTs to stake and earn rewards. All the while maintaining ownership of your underlying collateralized asset. Staking CSDT allows you to receive rewards from the fees pool, proportional to your share of the total CSDT stakes in the network. Your rewards are paid in a stable currency token, such as CSDT (collateralized stable dollar token), not in an inflationary token as in some other networks.
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