XEND FINANCE LAUNCHES FIRST CRYPTOCURRENCY HIGH YIELD AGGREGATOR ACROSS MULTIPLE BLOCKCHAINS
The core of Xend Finance is that of a team built and founded by developers. Even today, of our 40 employees, more than 70% of the team is still made up of developers. For that reason, we have constantly shipped code in an industry that’s been known for a lot of pomp and circumstance and little substance. To build great product takes time, so we are excited that after just eight months after our mainnet launch we have two major product announcements to make today.
We are officially launching our Xend Cross-Chain High Yield Aggregator, which is the industry’s first high yield aggregator across multiple chains, meaning investors (and yield farmers) won’t have to go through different platforms in search of the best yields.
We are also announcing the launch of our mobile app on iOS and Android, which ties in nicely with our high yield aggregator. It also is the perfect on-ramp/off-ramp for converting your local fiat currency to stable cryptocurrencies and staking for the highest APYs. Considering more than 55% of the world’s population accesses the internet through their mobile device (that number is even higher in developing countries), compared to 42% on desktop, our mobile launch is instrumental in the continued growth of our company.
You can read more details about our press announcement below:
XEND FINANCE LAUNCHES FIRST CRYPTOCURRENCY HIGH YIELD AGGREGATOR ACROSS MULTIPLE BLOCKCHAINS
The Launch Coincides With Xend Finance’s New Mobile App, Allowing Members To Convert Local Fiat To Stable Cryptocurrencies And Access Higher Yields And DeFi Investment Opportunities Through Their Phone
DECEMBER 2, 2021, Enugu, Nigeria — Xend Finance, the first decentralized finance (DeFi) platform for credit unions and cooperatives, today announced the launch of the Xend Cross-Chain High Yield Aggregator and Xend Mobile App. The high yield aggregator launches on Binance Smart Chain (BSC) and Polygon and automatically ensures the highest Annual Percentage Yields (APYs) — at all times — through Xend Finance’s Layer-2 DeFi protocol. Yield farmers are able to monitor yields without needing to shift funds from different platforms on the Xend High Yield Aggregator dashboard.
“Our mission at Xend Finance has always been to bring DeFi opportunities to underserved regions around the world, particularly those suffering from constant currency devaluation,” said Ugochukwu Aronu, CEO of Xend Finance. “With the launch of Cross-Chain High Yield Aggregator and Mobile App, we are catering to everyone and making opportunities that were once available to only the most savvy crypto investors, simple to understand and accessible to all, and from their mobile devices.”
The Xend Mobile App officially launches today on iOS and Android and is available for free download in the app stores. The mobile app serves as a DeFi wallet, while also allowing for peer-to-peer fiat-to-crypto on-ramp and off-ramp. Members can convert local fiat currency to stablecoins and access the highest APYs across BSC — with Polygon coming soon — by staking, or locking up their cryptocurrency for a period of time. All of the features available on Xend Finance desktop version are available on the mobile app, including storing, sending, and receiving crypto assets, high interest savings plans, and decentralized insurance.
“Xend Finance continues to ship code and release groundbreaking new products in DeFi, which is great for the blockchain industry as a whole,” said Kenzi Wang, Managing Partner of AU21. “The Xend Finance High Yield Aggregator will save yield farmers time, while ensuring that savers and investors will find all of their needs from behind the comfort of the Xend Finance dashboard. We are very excited to be early investors of Xend Finance.”
Find out more about the Xend Cross-Chain High Yield Aggregator here: https://autoyield.xend.finance/
Find out more about the iOS app here: https://apps.apple.com/us/app/xend-finance/id1587050825
Android app here: https://play.google.com/store/apps/details?id=com.xendmobileAbout Xend Finance
Xend Finance is a global DeFi platform for credit unions, cooperatives, and individuals, with an open Layer-2 infrastructure for developers. Members can earn multiple levels of interest on their savings by seamlessly exchanging their crypto or fiat currency to stable cryptocurrencies and staking on lending platforms. Xend Finance recently released their Cross-Chain High Yield Aggregator, the first product in the industry that automatically scans and ensures the highest yields across multiple chains. Currently the product is available for BSC and Polygon.
The international team is made up of professionals with backgrounds in mathematics, finance, cryptography, and blockchain development, working for KPMG, Chevron, Huobi, and Stanbic Bank. Xend Finance is backed by Binance, Google Launchpad, NGC Ventures, Hashkey, and AU21 Capital, amongst others, and is headquartered in Enugu, Nigeria.
This isn’t all we’ve been building. You can always catch a list of our updated Roadmap on our home page: https://xend.finance/
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Sincerely,
Kevin Leu
Head of Marketing, Xend Finance
