Status note (July 2026): DeXian's website and documentation (dexian.io) are offline and the project appears dormant on Radix. Its KaiYuan Epoch validator remains registered on-ledger. Links to the defunct site and a removed founder interview have been unwrapped.
DeXian Protocol, formally known as DeXian Staking Earning (DSE), was a liquid staking protocol based on Radix. The protocol offered users a unique opportunity to join a liquid staking pool and earn stable proceeds through the DeXian service. Notably, users can immediately redeem their $XRD investments without the typical waiting period associated with the Radix unstaking delay.
Background
Developed by the technical team of KaiYuan Epoch Validator, DeXian had been actively involved with Radix since 2018. The team participated in early Betanet network testing in 2021 and had been operating validators on Olympia and Alexandria. DeXian also contributed to a series of Radix Scrypto-Challenges and played a pivotal role in promoting Radix within the Chinese community by translating key white papers, including those on Radix DeFi and the Cerberus consensus.
Features
DeXian Protocol operated as a platform that offered various services for users to participate in staking and lending on the Radix network. Here are some key features and components of the DeXian Protocol platform:
Liquid Staking
DeXian Protocol provided a liquid staking service that allowed users to stake their tokens on the Radix network while maintaining liquidity. This meant that users can stake their tokens and still have the flexibility to use or trade them without waiting for the typical unstaking period.
Fast Unstake
The platform offered a fast unstaking feature, enabling users to redeem their staked tokens quickly. This allowed users to access and use their tokens without having to wait for the standard unstaking period, which can range from 10 to 15 days on the Radix network.
Stable Returns
DeXian Staking Earning (DSE) platform offered users stable returns on their staked assets. By participating in the liquid staking pool, users can earn rewards without sacrificing liquidity or waiting for the unstaking period
DeXian Lending Protocol (DLP)
DeXian Protocol included its own decentralized lending protocol called the DeXian Lending Protocol (DLP). DLP utilized RadixDLT's Scrypto technology and implemented algorithmic lending models to determine interest rates and provide efficient and flexible lending options. This feature allowed users to lend their assets and earn returns on their holdings.
Delegation Services
The platform offered delegation services, allowing users to delegate their tokens to validators on the Radix network. By delegating their tokens, users can actively participate in the consensus mechanism of the network and contribute to its security and operation.
These features and components of the DeXian Protocol platform provided users with a comprehensive ecosystem for staking, lending, and active participation on the Radix network.
Team
The DeXian team comprised two main founders and five members, all of whom hail from the realms of computer technology and finance. The founders, Dust and Martin, brought a wealth of experience to the table. Dust, an early BTC enthusiast, has over a decade of experience in software development and has been deeply involved with projects like MakerDAO. Martin, on the other hand, holds an MSc in Finance from King's College London and has over three years of experience in the cryptocurrency and blockchain domain.
Unique Selling Proposition
While there were similarities between DSE and other platforms like Lido in terms of staking router, staking rewards distribution, and liquidity enhancement, DSE stood out due to its unique application scenarios and the differences between Radix and $ETH in terms of network mechanisms.
Future Prospects
Looking ahead, once Babylon and the native liquid stake go live, DSE planned to reimplement its services using Scrypto. This would allow any user to provide liquidity to the pool through the DSE protocol. Additionally, DeXian aimed to further integrate the funding pool with the Lending Protocol, thereby diversifying the DeFi ecosystem and expanding the practical application scenarios of $XRD.
Security
DeXian Protocol emphasized security and trust as crucial aspects of its platform. Here are some points highlighting the security measures and trustworthiness of DeXian Protocol:
Audits
DeXian Protocol underwent thorough security audits conducted by reputable and independent third-party audit firms. These audits aimed to identify vulnerabilities, ensure the platform's code quality, and enhance security measures.
Code Transparency
DeXian Protocol promoted code transparency by making its smart contracts and codebase publicly accessible. This allowed the community and security experts to review and verify the code, increasing trust and contributing to a more secure platform.
Secure Infrastructure
DeXian Protocol employed robust security measures and followed best practices to secure its infrastructure. This included implementing encryption, multi-factor authentication, and regular security updates to protect user assets and data.
Community Trust and Reputation
DeXian Protocol valued its community and strove to build trust through transparent communication, regular updates, and by being responsive to user feedback and concerns. The platform's reputation among users and the wider crypto community was an important factor in establishing trust.
Decentralization
The platform operated on decentralized networks like the Radix network, which is designed to ensure security through distributed consensus mechanisms. The decentralized nature reduces the risk associated with a single point of failure and increases resilience against attacks.