XEND FINANCE PARTNERS WITH BICONOMY TO INTEGRATE POWERFUL APIS AND REDUCE GAS FEES
Biconomy simplifies Web3 experience by transforming DApps for everyday users. Its powerful APIs are designed to improve user experience by abstracting away blockchain complexities through gas-efficient meta-transactions.
Through this collaboration with XEND finance, Biconomy will help improve the XEND Finance platform and make it more user friendly by allowing the protocol to handle all gas fees
Biconomy helps reduce gas fees on XEND platform
Xend Finance helps users save and earn Compound Interest. Xend Finance allows users to stake funds on DeFi Networks. Their savings are then converted to stable currencies and staked on Staking/Lending platforms like Compound, Aave, Maker. This way users will be able to earn compound interest.
Biconomy makes blockchain transactions simple. Biconomy allows platforms to focus on their product while it takes care of transaction infrastructure requirements.
END to high gas fees
Biconomy’s integration will lower fees for the users, enable ERC-20 gas payments, and leverage gas optimization by 50%. This will help the XEND platform spur early user adoption where the protocol can decide that they want to support a certain amount of transactions for free for the user.
Integration of Biconomy with Xend Finance will take place between Q2 and Q3 of 2021
“Being able to easily manage who bears the cost of gas fees has been a major step in the right direction of DeFi and we are happy to bring this protocol improvement to Xend Finance. Xend Finance will be able to pay for gas fees for its users or split gas costs with the help of Biconomy in order to provide a better user experience” said Ugochukwu Aronu, CEO, Xend Finance.
About Xend Finance
Xend Finance provides the tools and platform for a decentralized financial credit union, regardless of geographic location and the home country currency. Members 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.
Follow XEND Finance through official channels
About Biconomy
Biconomy is a crypto technology project building transaction infrastructure for next-generation web-3 applications. Through Biconomy’s powerful and easy-to-use APIs, developers can enable a simple and customized transaction journey so that their end-users don’t get frustrated by blockchain complexities. By solving key pain points at the crypto transactional layer, Biconomy is on a mission to simplify Web 3 experiences that will drive mass adoption.
By solving key pain points at the crypto transactional layer, Biconomy is on a mission to simplify Web 3 experiences that will drive mass adoption.
