Introducing the Balance Adjustment xApp: Unlocking the Possibilities of Xahau
In our commitment to making the Xahau ecosystem accessible to our users, we’re happy to announce our latest xApp: the Balance Adjustment xApp, making Xahau Balance Claims accessible. This new addition to our collection of xApps is designed to help you access a Monthly Balance Adjustment feature native to the Xahau network on its mainnet and testnet.
- Opt-In Mechanism: Users must opt-in to participate. This is a simple yet crucial step to start benefiting from the Balance Adjustment feature.
- Claiming Balance Adjustment: On the Xahau mainnet, you can claim your balance adjustment every ~30 days (2600000 seconds to be exact). The testnet offers a faster cycle for testing purposes with a period of just 100 seconds.
- Opting-Out and History Tracking: If you decide not to participate or wish to stop, potentially due to possible tax implications applicable in your jurisdiction, opting-out is straightforward. Additionally, a history page is available to track previously claimed balance adjustments.
- Flexibility and Control: With the ability to opt-in, claim, and opt-out at your discretion, you have complete control over your engagement with this feature.
For a detailed understanding of how Balance Adjustments work within the Xahau network, please refer to the Xahau Whitepaper.
The Balance Adjustment xApp helps combat the challenges posed by the higher fee costs of Hook transactions.