Introducing xVault & xAuto: The Smart Cross-Chain Yield Aggregators by Xend Finance for Enhanced & Advanced Yield Farming!
The era of shifting funds across multiple platforms or switching protocols ends here as Xend Finance deploys its Smart, and unparalleled, Cross-Chain Yield Aggregators/Beta app xVault on Binance Smart Chain (BSC) and xAuto on Polygon. These Layer-2 DeFi infrastructure apps are crafted carefully to benefit and connect yield farmers to the best-performing assets for the highest APYs.
With Xend Finance Layer-2 DeFi protocols, Governance participants can consistently earn the best yield for the supported assets on both BSC and Polygon. Furthermore, your early participation as a Private Beta user will also give you enhanced benefits. Want to learn more? Scroll down now!
How xVault & xAuto Contributes to the Growth of Xend Finance & Governance Participants at Xend Finance.
- Performance Fees: Both xVault and xAuto charge performance fees which are deducted from profits generated for investors on both BSC and Polygon. These fees are sent to Xend Finance’s treasury, 30% of which is reserved for buying back and burning $XEND
- Governance fees: xVault charges a governance fee to pay $XEND holders who participate in governance by voting or submitting proposals. Participants of our Private Beta will be whitelisted to propose votes, and this will make them eligible to receive governance fees. Check out this announcement on the same Telegram: https://t.me/XendAnnouncements/243
- Strategist Fee: A strategist is someone who designs a new strategy that can be plugged into xVault. For instance, the current strategies are based on Venus Protocol, Cream Finance, and PancakeSwap. We just started working on a new strategy that is based on Alpaca, Autofarm, and PancakeSwap. So, people who can design new strategies will earn a strategist fee from xVault. Since the Xend Finance team designs current strategies, the fees will go to our treasury and be reserved for buying back and burning $XEND.
That’s not all. Various other benefits are awaiting our Private Beta users like:
- An additional reward of 1,000 in $XEND will be offered to the selected Private Beta users each.
- Excellent Liquidity Providers’ addresses will be whitelisted for submitting governance proposals. It will further enable them to get extra payouts from revenue generated from management fees of the protocols.
So, what are you waiting for? Endless opportunities await your arrival at Xend Finance. The Pre-registration to access our private beta is already live. Take a step closer to earn, save, and withdraw in DeFi with Xend Finance.
🎯 Pre-register now to get whitelisted and have a first-hand experience of our Layer-2 DeFi infrastructure:
https://docs.google.com/forms/d/e/1FAIpQLSfFlxeaecF1GBf0surG8Xq5EEUSEWb6Z5NMKFyDRh-eRuz8XQ/viewform
Learn more about Xend Finance Cross-Chain Yield Aggregators here: https://medium.com/xendfinance/calling-all-yield-farmers-xend-finance-just-made-your-life-easier-by-launching-the-first-cb6c2c35d282
About Xend Finance
Xend Finance is a global DeFi platform for credit unions, cooperatives, and individuals, with an open Layer-2 infrastructure for developers. Savers can earn multiple levels of interest on their savings by seamlessly swapping their crypto or fiat currency to stable cryptocurrencies and staking — the process of locking up crypto assets to earn yields — on lending platforms so members can earn compound interest on their money. The Xend Finance platform is the first decentralized finance (DeFi) credit union.
The team is made up of experienced professionals with backgrounds in mathematics, finance, cryptography, and blockchain development, working for some of Africa’s largest employers, including KPMG, Chevron, and Stanbic Bank. Xend Finance is headquartered in Enugu, Nigeria.
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