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# System prepended metadata

title: xToken Protocol
tags: [xToken]

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tags: xToken
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⚔️ Raid Guild Proposal

# xToken Protocol

### Project Name 
xToken Protocol

### Main Contact at Project 
Micheal C at xToken 
@telegram => @michaelcohen716
@email => michael@xtoken.market

### Overview

xToken seeks to build a lending platform where holders of xTokens (xKNC, xSNX, xAAVE, etc.) can borrow against their token value.


### Summary of Work 
Original doc for reference => https://docs.google.com/document/d/15zjuXaSTJqyKs7EaBN3RizvQdtbC821AGVW8_IyLTPA/edit

**Deliverables**
- Develop all contracts inline with the scope doc above
- Programmatic unit testing and holistic system stress tests 
- Continuous internal audit spot checks throughout
- Flow diagrams for contract/function interactions

**Raid  Party** 

- Ven / Facilitator, Product 
- Tim / Solidity Lead
- Tarun / Solidity Assist

**Process Notes**
- At minimum, we shall meet every other week to stay aligned and on target. 
- Small questions can be handled asynchronously in chat, but we'll be available for spot meetings as well as needed.

### Assumptions

- Utilize learnings from existing protocols to not reinvent the wheel, but codebase should be distinct and not a blunt fork.
- Admin control will be delegated to a simple multisig at launch.

### Time to Complete
6-8 weeks
Estimated Delivery => 1/1/21

### Cost

25,000 DAI

- 1/2 to Commence 
- 1/2 upon Completion 
