DragonX is a derivative on maximum length TitanX stakes.
During the DragonX launch phase, users submit TitanX to the DragonX contracts. The contract mints DragonX in return. Through publicly callable functions, maximum length TitanX stakes are created by the contract.
The Ethereum rewards from these stakes are used to buy TitanX off the market and stake it. DragonX is bought and burned off the market with a portion of the Ethereum rewards earned through TitanX stakes.
This perpetuates the growth of staking rewards and increases the size of each subsequent DragonX buy and burn.
The amount of TitanX in the DragonX contract will always grow, even after the launch phase is over. DragonX is a deflationary, buy and burn store of value on Ethereum. DragonX receives Ethereum rewards from decentralized staking through TitanX, another Ethereum protocol. At the core of DragonX is the DragonX vault, a mechanism for increasing its share of the Ethereum rewards in TitanX, while allowing TitanX users to burn the supply. The DragonX project aims to be a deflationary store of value on Ethereum, with potential to accrue value over time as more decentralized applications are built around it.
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