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Defi Venture XFai Reveals Liquidity Generation Event, Project Backed By Angel Investor Roger Ver


SEATTLE, WA, Mar 31, 2021 – (ACN Newswire) –
Decentralized finance (Defi) has seen extreme demand and
innovative use-cases during the last 12 months. Defi
oracles, decentralized exchange (Dex) platforms and
automated money makers (AMM) have swelled in value, as
statistics show over $43 billion is locked into Defi
protocols today. Meanwhile, a new project has recently
stepped out of the gate called XFai, a Dex liquidity oracle
that aims to capture untapped liquidity from small to medium
cap tokens. On April 8, 2021, XFai plans to host a Liquidity
Generation Event (LGE), and this week it was announced that
Bitcoin.com’s founder and angel investor Roger Ver has
invested in XFai.

XFai’s Dex Liquidity Oracle Aims to
Empower Decentralized Finance and Capture Untapped
Liquidity

Defi concepts and decentralized exchanges
are all the rage these days, and a great number of Dex
platforms have outperformed their centralized exchange (Cex)
counterparts. Today, data shows the total value locked (TVL)
into Defi is over $43 billion, and Dex protocols like
Uniswap, SushiSwap, and Curve.fi are seeing significant
trade volume. Statistics show that $1.7 billion was swapped
on Dex platforms in the last 24 hours, and $12 billion
traded during the last seven days.

Now there’s a new
Defi project on the horizon called XFai that’s planning to
launch in the near future. The protocol leverages its unique
Dex Liquidity Oracle (DLO) for small to medium cap tokens.
XFai”s goal is to develop tools by graphing the Defi space
and release game-changing decentralized products.

The
project has published a comprehensive white paper that
provides XFai’s documentation and insight into the protocol
design. The team is launching a native coin called the XFIT
token and the project’s Dex Liquidity Oracle, or DLO for
short, aims to be a game-changer. The DLO tech can help
low-capitalized tokens gather attention and significantly
increase token liquidity.

“XFai’s cutting-edge
technologies such as the Potentializer and the DLO (Dex
Liquidity Oracle) allows small and mid-cap token holders to
join a large liquidity pool that charts centralized
exchanges, and provides the same – if not more optimized –
liquidity depth in decentralized exchanges,” the XFai
developers explained to Bitcoin.com’s
newsdesk.

Furthermore, the team detailed that XFai has
enabled an anti-slippage tool to ensure that traders can
freely complete transactions without being trapped, while
removing the need for automated market makers (AMM). XFai’s
DLO description explains: To encourage more users to
participate in liquidity provision, XFai has developed a
one-step liquidity addition method, dramatically reducing
the hassle and the gas fees involved with liquidity farming.
In return, liquidity providers can earn protected
APY.

Roger Ver Backs XFai for the future of Defi
infrastructure

The vast number of Defi projects in the
space today focus solely on the top tier of the tokens by
market cap, and centralized exchanges operate in the same
manner. XFai’s team hopes to open more doors for tokens with
small to medium caps and offer them a “seat at the Defi
table.” The project has already attracted a number of
investors including venture funds, and more recently
Bitcoin.com’s founder and angel investor Roger Ver has
decided to back the XFai project.

“XFai stood out to
me due to the potential of their oracle to unlock incredible
opportunities in the blockchain space,” Ver said speaking
about the investment. “XFai enables actual decentralization
by allowing small and mid-cap tokens to finally have a seat
at the table. I look forward to watching XFai become a
game-changer in the Defi space by providing a solid
foundation for future projects to build upon,” the
Bitcoin.com founder added.

Ver is one of the earliest
investors in the bitcoin space, and has been promoting
blockchain technology for well over a decade. The
undisclosed investment into XFai stems from Ver’s personal
investment arm. The XFai LGE is set to go live on Thursday,
April 8 and the team stressed that it was “designed with
feasibility and simplicity in mind.” Bitcoin.com readers can
check out more information about this Defi concept via the
project’s website, Telegram channel, social media feeds, and
interested developers can look at the project’s Github
repository.

“We invite everyone to join XFai in making
Defi more accessible, open, and economically empowering,
starting with the XFai LGE,” the XFai creators conclude.
“The [XFai LGE] user interface is intuitively laid out,
while the involved operations are combined into one single
click. We believe this will result in the opportunity for
even those who have never participated in liquidity mining
to join in a stress-free manner, and reap the benefits of
high APY and the explosive potential of XFIT.”

Web: https://Xfai.com

Medium:
https://xfai-official.medium.com/about

Source:
Plato Data Intelligence

Web: bit.ly/3dmAVLp

© Scoop Media

 



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