Xend Finance Guarantor Pool Launches on Tidal Finance, XEND Holders Can Deposit and Earn!
A Guarantor Pool acts as a vote of confidence from the protocols for their backers. The higher the allocation to the Guarantor Pool, the higher signal to the market that the protocol has skin in the game.
The Xend Finance Guarantor Pool is currently open for any $XEND holder to deposit and earn.
5% of Xend Finance’s weekly premium is rewarded to this pool as well as $100 USD $TIDAL token. There are 1,905 $XEND tokens in the current pool earning over 479.38% APR in TIDAL and 498.71% APR in USDC. Lock in your deposit this week to start earning next week! The reward amount is designed to offer ~6% APR for 100k USD in $XEND.
Below are some terms and conditions to highlight regarding the guarantor program:
Benefit: Guarantor Pool earns 5% of the cover premium paid for its guaranteed protocol + $TIDAL token incentives.
Risk: Under a payout event, 10% of the claimable amount against the token price the day before the hack is distributed to the reserve providers. E.g. 100k USDC total payout amount would result in 10k USD worth of tokens to be paid out to reserve providers.
Withdrawal: withdrawal requests will become pending next week. If no guaranteed protocol has any valid claims during the time frame, the withdrawal amount will be returned to guarantor’s wallet.
Further details can be found here on providing guarantor tokens and risks.
💰Visit to start earning — https://app.tidal.finance/
See the video at the top on where to go to join the Xend Finance Guarantor Pool on Tidal or ‘Watch on YouTube’
🔍 Checkout the complete guide: https://docs.tidal.finance/how-to-use-1/provide-guarantor-tokens
About Xend Finance
Xend Finance provides the tools and platform for a decentralized financial credit union, regardless of geographic location and home country currency. Members can earn multiple levels of interest on their savings by seamlessly exchanging 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 in the world.
