What is the future of Sir Trading? As creator and coder of the primitive underlying @leveragesir, I believe Sir's best days are still to come. Why? Because unlike anything else out there, it is the only financial primitive that ✅ deleverages and releverages as price moves, ✅ without producing any type of decay, because it charges no ongoing fees, while keeping the leverage precisely on the dot. Was Sir perfectly designed? No. Sir was my first attempt at coding this primitive into a DeFi protocol, and while I poured blood and sweat into it, it had flaws. ❌ As much as I like the tokenomics of Sir from an idealistic perspective, the constant issuance creates persistent sell pressure and can wear down long-term holders. ❌ In addition, we spawned too many tokens, one for each chain. ❌ UI/UX has improved over time but still remains unfriendly to those unfamiliar with the protocol. ❌ Having a pool of liquidity for each leverage tier for each different pair of tokens causes fragmentation. Say hello to Exlex Finance New name for a new and better protocol. Sir proved the primitive, Exlex is about building the protocol for adoption. We will overlay incremental improvements and top it up with some important innovations. Here are the changes that have me the most excited. 🧩 Less fragmentation. One single pool of liquidity will serve ALL the leverage tiers for a pair of tokens. I.e., 1.5xETH, 2xETH, 3xETH... will all be served from the same pool. Less liquidity fragmentation, smoother fees for LPs, better UX for traders/investors. 🔄 I have started conversations with @I____felix____I, exceptional digital author of CypherDudes. The protocol will ship with an NFT at the core of its design. Not an ad-hoc collection but we actually intend to fuse 2 seemingly very unrelated corners of crypto: NFT art and DeFi. By feeding each other in a symbiotic relationship, the NFT collection will actually help improve liquidity in the protocol, and vice versa, the Defi protocol will bring more attention and demand to the NFT collection. A first of its kind. 🔥 The new token XLX at the center of the protocol will be deflationary, and it will be the same across all chains! It will live natively on Ethereum L1 and it will bridge using the canonical bridge to other L2s. The token will be distributed to LPs, investors, current holders of SIR, and through a potential airdrop. A portion of the fees generated by the protocol will be used to buy and burn the token. 🖥️ UI will be much easier to use, we will use standard financial terminology, fewer protocol-specific concepts, and a completely redesigned interface. When do we plan to go live? Before the end of the year. Stay tuned. 💜