Summary;
XBE Finance can be summarized as being an integrated financial protocol with a vision of bringing TradFi to Curve and Convex. It is a protocol that situates itself on a level below acquiring governance power, but rather providing capital efficiency to the underlying Curve liquidity. XBE initially launched in early 2021 with their primary offering focusing on tokenizing securities and their utility within DeFi, however this vision has progressively changed to focus on a much larger picture.
After months of development, auditing and testing, phase 1 of the protocol development is live:
The XBE Hive
The foundational design of the XBE Hive allows people & protocols to earn $CRV, $CVX & $XBE with or without liquidity, while simultaneously creating gas & capital efficiency for the underlying Curve liquidity.
The XBE Hive is a yield complementary product where Curve LPs can earn additional rewards in the form of XBE, while still earning the underlying boosted rewards from Convex. XBE does not accumulate the underlying tokens, but rather provides the ground in which these so-called ‘wars’ can take place.
When depositing Curve LP tokens through XBE finance, users & protocols receive xhCurve LP tokens. These LP tokens are fungible, ERC20 compatible, yield bearing pool share tokens that can be fractionalized or sent to another wallet. You earn $CRV, $CVX and $XBE just by holding these LP tokens, which means you can send them to another wallet, and that new wallet can earn instantly without needing to claim, withdraw, send and then restake.
This approach of xhCurve LP issuance enables entirely new ways at looking at existing DeFi markets, to power new approaches that were previously not possible. Not only do we create a more gas efficient version of Curve LP, while increasing the yield through XBE tokens, but the overall possibilities are endless… Possibilities include, but not limited to, borrowing against yield generative Hive LP, something as crazy as a yield bearing stablecoin backed by the underlying yield generative assets, or even a new form of liquidity provision.
To elaborate further on the Hive — Built into the Hive fees is a 3-tier referral product to earn up to 10% bonus on your referred users’ claims, again in the form of $CRV, $CVX & $XBE. This unique model has been designed in such a way where it is independent of new users. It operates unaffected whether new users generate codes or not. It is simply an additive benefit by allowing high network individuals, low liquidity providers, communities, and even DAOs to participate, and get rewarded by TVL expansion into Curve.
For more information on the XB referral product, see here — https://docs.xbe.finance/products/xb-referral-program
Phase 2 onwards is centered around onboarding institutional clients into the Hive via the Hive Pro. This will allow for financial service providers (e.g. fund managers) to deploy into Curve in a seamless and compliant way. There are currently members within the DAO team that have extensive work in blockchain solutions for institutional finance, including regulatory compliances which help us pave the way for understanding how TradFi looks at DeFi.
Moreover, in additional phases, the XB protocol plans to deploy on several L1 & L2s to take advantage of each chain’s perks that are not viable on the ETH network. The XB protocol also plans to further mature their vision of an integrated financial protocol by allowing securities to be tokenized and deployed within XBE & other DeFi protocols for yield and liquidity. This will allow security issuers and holders the ability to adapt their regulated security to interface directly with DeFi.
It is clear that XBE finance has a gargantuan vision, and the aforementioned information is just a brief overview of the underlying goals. For more in depth information about XBE, see the following links.
- Website — https://www.xbe.finance/
- App — https://alpha.app.xbe.finance/stake/Curve
- Docs — https://docs.xbe.finance/
- Audits — https://github.com/XBEfinance/audits
- Twitter — https://twitter.com/XBEfinance?s=20&t=OFHDKNuiKnUacc3-TVlJsA
- Discord — https://discord.gg/8rjYf3M7Np
- Telegram — https://t.me/xbefinance
