Soul Protocol Public Sale on xLaunchpad

MAY

16

Event date

Friday 16 May 2025, UTC

Event description

Soul Protocol, a cross-chain lending platform, is launching its public sale to distribute 25% of $SO tokens, with the valuation set by total capital raised. This sale introduces new mechanics like stablecoin payments (via $USDC), credit/debit card support, and cross-chain bridging for Ethereum, BNB, Polygon, Solana, and Bitcoin. $SO tokens will drive governance, yield boosting, and revenue sharing, aligning with Soul’s community-first ethos. KYC is live now (May 5-26), so don’t miss out—approvals can take up to 72 hours [xLaunchpad Post, May 5, 2025].

Recent News

Soul has been making waves! Just 7 days after its testnet launch on April 22, 2025, it attracted 155K users, 68K unique wallets, and 340K cross-chain transactions, showcasing strong demand for its unified lending market [xLaunchpad Post, Apr 29, 2025]. The project also secured $4M in a private round, backed by heavyweights like Coinbase and LayerZero angels, signaling robust investor confidence.

Future Plans

Soul’s mainnet launch is slated for late Q3 2025, coinciding with the token generation event (TGE). Post-launch, expect deeper integrations with lending protocols and expanded yield opportunities across chains. Soul aims to pioneer cross-chain lending by unifying liquidity, a critical step for DeFi’s evolution [Soul Website, 2025].

Onchain Data

While mainnet data isn’t live, Soul’s testnet metrics are impressive: 340K cross-chain transactions in just a week highlight its scalability potential. For context, similar protocols like Aave average 10K daily transactions on Ethereum [Dune Analytics, 2025].

Community Sentiment

X is buzzing with cautious optimism. Users like @RaduMarian2000 are seeking timeline clarity, while @SyahrenKamil hopes for smooth execution, reflecting a mix of excitement and pragmatism.

Why It Matters

This sale sets the stage for Soul to redefine DeFi lending with cross-chain innovation. Its fair valuation model could inspire more community-driven tokenomics in 2025. Risk Disclaimer: Public sales can be volatile; ensure you research and only invest what you can afford to lose.

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May 28

Barnard Governance Proposal Voting

The Barnard Proposal, live on MultiversX’s Agora platform, introduces Governance V2, new endpoints, faster system-wide reads/writes, and improved smart contract composability. Voting runs from June 9 to June 19, requiring 500 EGLD to propose and voting power tied to staked/liquid-staked EGLD tokens [MultiversX Blog, June 4, 2025]. This upgrade preps the network for Supernova, a major milestone aiming for sub-second finality and enhanced scalability. It’s a big step toward full decentralization, empowering the community to shape the protocol’s future.  Recent NewsMultiversX has been on a roll! In May 2025, they rolled out the Andromeda Upgrade (v1.9.6), a leap toward faster finality [MultiversX Releases]. The project also saw a 1000x throughput goal highlighted by CoinGecko, positioning it as a metaverse frontier leader [CoinGecko, June 2025]. These developments show MultiversX’s focus on performance and adoption.  Future PlansPost-Barnard, the Supernova upgrade will bring parallelized consensus and transaction execution, slashing bandwidth needs and boosting scalability [MultiversX Blog, May 26, 2025]. This sets the stage for broader adoption, especially in DeFi and metaverse applications, with plans to handle aggressive user waves seamlessly.  Onchain DataAs of June 2025, MultiversX’s EGLD trading volume hit $13.36M in 24 hours, down 4% from the prior day, signaling a slight dip in market activity [CoinGecko]. Staking metrics weren’t directly available, but the network’s Secure Proof of Stake (SPoS) rewards delegators weekly with 5,000 eGold, proportional to staked amounts [CoinGecko].  Community SentimentX is buzzing with optimism! Users like @AndrewDTBR see Barnard as a gateway to Supernova, while @BoberCTO calls it “fast and furious” [X, June 4, 2025]. The playful “Who’s Barnard?” dog meme shared by MultiversX adds a lighthearted vibe to the discussion.  Why It MattersThis proposal could redefine how MultiversX scales and governs, potentially attracting more developers and users. However, governance votes can spark volatility—keep an eye on EGLD price swings during the voting period.  

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