GBV Supports an Inclusive Expansion in DeFi with XFai
GBV Capital, one of the leading blockchain and digital asset venture capital firms in Asia, has announced its partnership with XFai through a strategic investment. Through the partnership, GBV Capital is opening the dialogue for improving liquidity for hundreds of small and mid-cap tokens, while supporting XFai’s mechanism that empowers such a dialogue.
The current DeFi ecosystem offered for many traders has been frustrating, negatively impacted by the likes of high gas fee, failed transactions, and large slippage while the traders had to foot the bill themselves. In order to combat the disproportionately large costs suffered by the traders and the liquidity miners, XFai has proposed a one-stop solution through its DEX Liquidity Oracle (DLO), and the XFai Liquidity Generation Event (LGE).
GBV Capital, heralded in the industry for its keen eyes for spotting promising projects that add value to the ecosystem, has decided to support XFai through a strategic investment. Thus, XFai joins GBV Capital’s highly successful portfolio, including projects such as OMG Network, Convergence, DAO Maker, and PublicMint.
“GBV is excited to have participated in the fundraise for XFAI. The current standard x*y=k AMM structure is quite simplistic and leads to large slippage. XFAi’s solution combines both CEX and DEX liquidity to provide a more accurate market and a better trading experience for users.”
— Leslie, Co-Founder & Partner at GBV
The team at XFai would like to send our warmest gratitude to GBV Capital, and looks forward to a continued cooperation in leading the DeFi revolution to empower traders, liquidity farmers, DEXs, and the 250 billion USD altcoin market.
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, is set to launch on 15th April 2021. We invite everyone to join the DeFi revolution, spearheaded by XFai.