Xend Finance Is Now Available On Polygon And Huobi ECO Chains
It gives us immense pride to announce that Xend Finance is now live on Polygon and Huobi Eco Chains, giving our community access to our multichain ecosystem.
Polygon, popularly known as Ethereum’s internet of Blockchains, is a protocol and framework that builds and connects Ethereum-compatible networks. It is a full-stack scaling solution that has supported over 500 DApps since its founding.
HECO is a decentralized and cost-efficient public chain that Ethereum developers can easily get started with, where smart contracts are seamlessly compatible. It has supported over 10 wallets with 58 available assets and deployed over 100 applications since its launch.
To facilitate this multichain integration, we are presently using the leading cross-chain protocol, Anyswap bridge. Anyswap is a trustless protocol to bridge assets between heterogeneous Layer-1 and Layer-2 platforms. Let’s learn more about how the community can benefit from this development.
Benefits to the Xend Finance Community
Integrating with Polygon and HECO chain will give the community exposure to our upgraded and multichain support ecosystem. Our community members can start earning rewards in $XEND as we launch our Layer-2 DeFi protocols on Polygon.
As a part of this collaboration, we will also launch our auto yield aggregator and xVault on Polygon. This is a window for numerous opportunities to earn higher yields for the Xend Finance community. Users will also get access to Binance Smart Chain and Ethereum alongside Polygon and HECO chains.
Deploy $XEND on Polygon
As a part of the integration, we are deploying $XEND on Polygon which will help open up a guarantor pool on Tidal Finance. This will result in $XEND holders earning higher APY when they provide insurance cover on Tidal Finance.
Deployment of $XEND on these new multi chains will remarkably increase the overall yield for our community as well as lower transaction fees.
Smart Contract Addresses:
Xend Finance is live on Polygon and HECO.
Polygon: https://polygonscan.com/address/0x86775d0b80b3df266af5377db34ba8f318d715ec
HECO: https://hecoinfo.com/address/0xa649325aa7c5093d12d6f98eb4378deae68ce23f
Swap your Xend Tokens on Polygon/Ethereum/Heco/BSC on Anyswap: https://anyswap.exchange/bridge#/bridge?bridgetoken=0xe4cfe9eaa8cdb0942a80b7bc68fd8ab0f6d44903&bridgetype=bridge
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.
