Enable XAUM/USDT (0.05% fee tier) V3 gauge on BNB Chain

Gauges
1

Overview
Following the successful deployment of XAUM on BSC and the establishment of a v3 pool on Pancakeswap, we propose to integrate the XAUM/USDT (0.05% fee tier) pool into PancakeSwap’s gauge system.

Background
XAUm, the Matrixdock Gold token, represents fractional ownership of London Bullion Market Association (LBMA) certified gold bars, enabling access to gold through a secure, transparent, and liquid digital asset.

It is an ERC-20/BEP-20 digital gold token designed to overcome the limitations of traditional markets and unlock new on-chain capital efficiency, while retaining the core values and security of conventional ownership.

They are issued through secure and transparent tokenization of high quality LBMA gold bars that meet stringent requirements in storage, transport and historical movements.

These assets are securely stored in vaults managed by reputable vault partners, whose information are made available on the Matrixdock Gold website.

1 XAUm token represents 1 fine troy ounce of LBMA physical gold. The fine troy ounce weight of each gold bar is calculated by multiplying the gross troy ounce weight by the purity.

Details

  1. Boost Multiplier and Emissions Cap: 1.00x and 0.5% (Default)

  2. Audits: Audit | Matrixdock docs

  3. Token utility:

  • Unlock Capital Efficiency: XAUm will be available for use in DeFi and CeFi applications, enabling various use cases such as earning yield and collateralized lending / borrowing.
  • Fully Redeemable: Token holders can exchange their XAUm holdings for physical LBMA standard gold, subject to token holder’s verified account status with Matrixdock and sufficient tokens to redeem a suitable gold bar available in the inventory.
  • Multi-form Ownership: XAUm is available in ERC-20/BEP-20 token form and ERC-721/BEP-721 NFT form. In the token form, 1 XAUm is backed by 1 fine troy ounce LBMA gold while in the NFT form, 1 NFT is backed by a specific whole LBMA gold bar. This multi-form feature caters to different users’ needs of flexibility and enhanced security. Conversions between the two forms are enabled through a widget on the Matrixdock Gold website application, where the number of tokens needed corresponds to the fine weight of the selected bar

  1. Volatility: Based on the LBMA gold price and physical gold price premium and discount

  2. Oracles: XAU / USD Price Feed | Chainlink

  3. Control: Cactus Custody – 2/3 signers required
    LP Contract Owner (setting up LP parameter): 0x99940424a63Df02A05e0287a106EC65eb006A587

  4. Merit:
    By integrating XAUm, premier gold-backed token on BSC, Pancakeswap can expect an influx of TradeFi liquidity and a broader user base. Furthermore, BSC users seeking exposure to real-world assets can now trade gold on Pancakeswap, the exclusive liquidity pool on BSC, enhancing Pancakeswap’s reputation and brand visibility.

Links

  1. Token address: BSC - 0x23AE4fd8E7844cdBc97775496eBd0E8248656028

  2. Liquidity pool address : 0x497e224d7008fe47349035ddd98bedb773e1f4c5

  3. Website: https://www.matrixdock.com/xaum

  4. Socials:

  1. Documentation: XAUm Docs | Matrixdock docs

  2. Github: GitHub - Matrixdock-RWA/RWA-Contracts: Smart contract source codes for Matrixport's RWA products

  3. Any other relevant links

1 Like
2

Thanks for submitting your application!

After our review and internal team discussions, we believe now is not the best time to offer you a gauge. We are genuinely grateful for your timely responses to our questions and efforts in filling out the application.

However, we are keen to re-evaluate your application once XAUM gains more traction.

Let’s revert soon!