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Xend Finance

Crypto Banking For Everyone.
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Finance
Blockchain
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Currency
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XEND
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Xend Finance Team
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What is Xend Finance?
Easily Convert Your Local Currency And Save In Stable Crypto Or US Dollars Earn Up To 15% Annual Interest.
Information
Type
Automated Market Maker
Blockchain
Ethereum
Currency
XEND
Platform
Android, iOS, Windows
Android, iOS, Windows
Publisher
Xend Finance Team
FAQ
Your savings are staked automatically on Other DeFi platforms using instruments that give the best returns. You don't have to do anything. It is automatically handled by the platform.
Xend Finance is Africa’s first DeFi project, allowing users to earn compound interest and high APYs on their savings. Being featured in the Google Launchpad Accelerator program is massive for a startup and being one of the few startups focused on DeFi and Credit Unions is just a huge opportunity. Not only does Google validate and back the core mission and values of the project, but it also gives our team access to Google’s core foundations — its people, network, and advanced technologies.
Xend Finance’s smart contract periodically invests user funds on leading DeFi lending protocols, such as Compound, AAVE, dYdX and Yearn Finance. 75% of the interest generated from DeFi lending networks is paid to the Credit Union’s overall savings deposited, and 50% of the interest generated from Compound is deposited to the Individual Saving Node (ISN).
The native token of the Xend Finance ecosystem is the Xend Token ($XEND), which is used to reward users for saving, investing and performing different operations on the network.
$XEND tokens also generate interest for the users - the Xend Finance smart contract periodically invests user savings on DeFi lending protocols, which produces a second level of interest for the users.
Binance Smart Chain offers a powerful DeFi ecosystem and a reliable alternative to Ethereum. Since its launch in 2020, its meteoric rise and widespread adoption have only validated its capabilities of being robust, cheap, fast, and user-friendly — ideal platform features for DeFi and DApp development.
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