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.@xitadel_fi is a project I have been following for a long time
Xitadel aims to provide an alternative fundraising method for projects after TGE besides token sales
The project team locks a portion of treasury tokens in a smart contract, using them as collateral to mint LTT. These LTT are then sold to investors in exchange for stablecoins
For more details, check out this report:
@Solana_zh