Unraveling the Trio: A Guide to Tashi, esTASHI, and xTASHI Tokens.

Cozmo EvmosDao
FORGE
Published in
5 min readApr 18, 2024

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Cryptocurrency and blockchain technology constantly evolve, introducing new digital tokens with unique functionalities catering to various tech community niches. Among these innovations are the Tashi, esTASHI, and xTASHI tokens, each serving distinctive purposes and offering different benefits within their ecosystem.

This guide explores the intricacies of these tokens to provide a clearer understanding of their roles and how they can enhance your experience in their digital landscape.

Introduction to the Tashi Ecosystem

The world of Tashi tokens is vibrant and complex. It features a tiered token system, with each level introducing its features and benefits. Whether you’re a newcomer to blockchain technology or an experienced investor looking to diversify your portfolio, understanding the differences between Tashi, esTASHI, and xTASHI tokens is essential for navigating this ecosystem effectively.

The Access Token

Tashi Token

Tashi Token serves as the cornerstone of its ecosystem. Tashi tokens can be utilized for various purposes, from transactions and payments to staking for participation in future governance decisions.

Holders of Tashi tokens may stake their holdings to support the network’s operation, earning staking rewards as an incentive.

Key Features of Tashi Tokens

Versatility in Use

  • Tashi tokens can be used for various purposes, from buying services to voting in community governance.

Liquidity and Trading

Tashi is available on the Forge DEX. Various liquidity incentive programs powered by ICHI and Steer Protocol exist.

Purpose

The Tashi token is the liquid utility token within its ecosystem. The liquid TASHI token may be used in transactions, while xTASHI and esTASHI are soulbound staking tokens.

Liquidity and Exchange

Tashi tokens can be traded on Forge and used in several liquidity pools.
Staking Rewards: Holders can stake Tashi tokens to earn rewards, contributing to the token economy surrounding the platform.

The Enhanced Stake

esTASHI Token

esTASHI Tokens represent a more committed form of participation in the ecosystem. These tokens are typically obtained as rewards for supplying liquidity to the borrow/lend platform, holding esTASHI has its unique benefits.

Holders of esTASHI enjoy enhanced staking rewards through borrow and liquidation rebates, reflecting their long-term commitment to the network’s health and growth.

Key Features of esTASHI Tokens

Locked and Loaded

  • esTASHI tokens are non-tradable, emphasizing their role in staking rather than trading.

Boosted Rewards

  • By holding esTASHI, users can earn higher returns than regular Tashi users through borrowing rebates.

Key Features:

Non-tradable

esTASHI tokens are non-tradable and locked in the ecosystem to maintain the integrity of staking.
Enhanced Benefits: Holders of esTASHI enjoy better borrow rates than holders of regular TASHI tokens.

Exclusive Access

xTASHI Token

At the pinnacle of the token hierarchy sits the xTASHI Token, which serves as a premium pass to the most exclusive features of the ecosystem. Tashi is reserved for the most dedicated participants who wish to participate in future governance. It offers the advanced features of the esTASHI token, voting rights, and a share of revenue from the platform.

Convert esTASHI to TASHI.

Select the cooldown period.

The longer the cooldown period, the bigger the value you get.

Minimum Cooldown Period 15 days = 50% burn

Maximum Cooldown Period 180 days = 0% burn

Key Features of xTASHI Tokens

  • Elite Benefits: xTASHI holders experience the highest level of exclusivity within the ecosystem.
  • Limited Availability: These tokens are issued only to those who complete the KYC process, adding to their allure and value.

Use Cases

xTASHI gives benefits to the long-term aligned Tashi user. With revenue share, voting rights, and rebates, xTASHI incentivizes users to participate fully in the ecosystem.

Navigating Your Path in the Tashi Ecosystem

Choosing which token to hold depends on your goals, resources, and commitment. Each token offers different entry points and benefits within the ecosystem, allowing users to tailor their involvement based on their strategies and interests.

Conclusion

A Dynamic Spectrum of Opportunities

Tashi’s token system exemplifies the dynamic possibilities within blockchain technology. Each token is engineered to meet specific user needs and preferences.

Whether looking for liquidity and flexibility, enhanced rewards, or a combination, the TASHIi, esTASHI, and xTASHI tokens offer a structured path toward achieving these goals.

Understanding the nuances between TASHI, esTASHI, and xTASHI tokens is essential for users engaged in this decentralized borrowing and lending platform.

Users should consider their needs and trading strategies when engaging with these tokens.

For a more in-depth look at the interplay between these three tokens; the Tashi Lite Paper may be found at https://docs.tashi.finance/resources/tashi-lite-paper

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