Xend Finance Partners with Fortube to Offer Decentralized Banking and Investment Services

Kajal Tiwari
Xend Finance
Published in
2 min readApr 15, 2021

Xend Finance is proud to announce that we have successfully partnered with ForTube, an open-source DeFi lending platform.

This partnership gives users more opportunities and better solutions to make smarter investment decisions on DeFi lending and borrowing activities. Both Xend Finance and ForTube will work closely to enhance decentralized savings, lending, borrowing, and investment services for credit unions and cooperatives.

ForTube will Strengthen the Xend Finance Lending Pool:

As per the partnership, ForTube will support the lending pool of Xend Finance and will also add the pool as a collateral asset to their platform. Xend Finance, on the flip side, will aggregate ForTube customized wealth management and aggregate earning options to open ways for the best APY (Annual Percentage Yield) strategy.

Xend Finance users will be able to utilize ForTube’s wealth management and aggregate mining services, ForTube users will also enjoy the unique benefits Xend Finance provides, like the strategic channel of capital into savings to earn higher interests and earning $XEND tokens as rewards when they save.

About ForTube

By providing top decentralized banking services, ForTube has become a leading protocol to provide decentralized solutions for lending services. It provides unique decentralized financial and private banking opportunities to the users. The platform allows an open-source coding system that promotes the user’s to manage and customize their assets themselves.

About Xend Finance

Xend Finance is the fastest growing blockchain startup out of Africa, headquartered in Enugu, Nigeria, that is built as a DeFi protocol for Credit Union and Cooperatives. Users from any corner of the world can use this platform to channel their capital into savings and earn high yields out of it. The platform strengthens, optimizes, and enhances the core operations of credit unions all around the globe.

Xend Finance houses the best and most experienced professionals who have deep knowledge of mathematics, finance, cryptography, and blockchain development, working for some of Africa’s largest employers like KPMG, Chevron, and Stanbic Bank.

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