Farm with XFai, Win Exclusive Allocations: Upcoming Features for XFai Community
With the stage 1 of the XFai LGE (Liquidity Generation Event) successfully concluded with a peak TVL of over $21 Million USD, XFai has been continuing to develop both technical and commercial solutions to benefit those within the XFai community. With the course set for XFai to become one of the best farming platforms with world class features and incentives, we believe now is the time to share the upcoming features with our community. Today, we are excited to share Exclusive Allocation Incentive Program for Farmers, and upcoming DLO Partnerships.
Farm with XFai, Win Exclusive Allocations
Since the launch of the XFai LGE, many emerging projects have contacted XFai to explore collaboration in token launches. This allowed XFai to be in a uniquely advantageous position to achieve strategic partnerships with a number of emerging projects to support them both through the TGE (Token Generation Event) and the rest of the token’s life cycle in the form of liquidity optimization through the XFai DLO (DEX Liquidity Oracle).
Starting today (May 15, 2021), all farmers in XFai are eligible to win exclusive allocations. There is no need to apply, as all wallets currently farming with XFai will be put into a weighted, random lottery. The weight of an individual farmer is calculated in the following manner, in which nLP stands for the amount of LP in the user’s wallet, and nF(d) represents the duration of the wallet’s farming, denoted in days:
Following the calculation, the chance of an individual farmer winning an exclusive allocation is calculated in the following way, in which Cᵢ represents the chance of an individual farmer winning.
The exclusive allocations can be both public sale allocation or private sale allocation, granting XFai farmers the opportunity to win highly competitive public sale allocations, or benefit from the discount rate of private sale allocations. All upcoming allocation opportunities will be announced individually, starting with the first allocation opportunity on May 17, 2021.
Upcoming DLO Partnerships
Following the DLO Partnership announcement with SpiderDAO and ETHA Lend, XFai has been in contact with various projects which the team has previously identified as those that can benefit the most from the value offering of the DLO. Currently, XFai has reached DLO partnerships with more than 10 projects, with more than 30 projects currently in the pipeline. The partnerships will be announced individually, upon consulting with the partnered project on the ideal announcement date.
The strong interest in the DLO not only confirms our belief that many projects are suffering from the exact issues that the DLO resolves, but also gives a sense of excitement and bullishness in the upcoming performance of XFai as the DLO generates revenue that will be put into the buy-and-make strategy of XFIT. We are looking forward to becoming one of the leading farming tokens in the entire industry, as expected by the amount of interest XFai has already generated within the ecosystem.
On top of the exclusive allocations and the upcoming DLO partnerships, XFai has been developing cutting-edge technology that would make liquidity farming more efficient, optimized, and most importantly have profound impact on the price performance of XFIT. While we expect these developments to be completed shortly, XFai looks forward to making a separate announcement to celebrate with the community.
We thank you for being a part of the DeFi revolution, spearheaded by XFai. Happy farming, and stay tuned!
XFai develops tooling for the DeFi space, graphing it to build game-changing products. The XFai DLO is set to invite mid and small-cap tokens to start earning APY on their token holdings, while the XFai LGE is set to become industry-first in providing a more efficient, transparent, and fair way for everyone to get involved at an early stage. The LGE for XFai’s native token, XFIT, was launched on 16th April 2021. We invite everyone to join the DeFi revolution, spearheaded by XFai.