SpiderDAO and XFai Joins Forces Via XFai DLO and SpiderDAO LAU

XFai is excited to announce that SpiderDAO has joined the XFai DLO Partnership Program. Through the mutually beneficial partnership, SpiderDAO is set to enjoy optimized DEX liquidity powered by the XFai DEX Liquidity Oracle (DLO), while those who hold SpiderDAO’s native token $SPDR will be eligible to participate in one-sided liquidity to fuel the DLO and earn increased APY. Meanwhile, $XFIT holders will be eligible to participate in SpiderDAO’s Liquidity as Utility (LAU) program to stake their $XFIT tokens for utility benefits such as advanced VPN.

SpiderDAO is a decentralized autonomous organization built to bring back online privacy to the end users via its blockchain solution. The unique, multi-layer structure of SpiderDAO that utilizes both on-chain and off-chain elements allow it to effectively battle the traditional shortcomings of DAOs such as plutocracy, dark DAOs, and exploitable governance. Currently, SpiderDAO offers the LAU program to the partnered token holders, offering an off-chain value addition to the token holders in the form of utilizable incentives within the VPN and online privacy space.

XFai DLO to Supercharge SpiderDAO

Participating liquidity farmers in the XFai DLO can also enjoy increased APY, dripped from the collected transaction fee from a DEX such as Uniswap. Since the other side of the liquidity in the form of stablecoins such as USDT or USDC is generated by XFai, $SPDR token holders are effectively rewarded the same or increased rewards of liquidity mining while not having to provide both sides of the liquidity. The DLO is $SPDR token holders’ chance at a broader participation in DeFi.

XFai to Ride the Wave with SpiderDAO

The team at XFai extends its warmest welcome to SpiderDAO as the first member of the XFai DLO Partnership Program, and sends its sincerest gratitude for establishing $XFIT compatibility for the SpiderDAO LAU Program. We sincerely look forward to continuing a favorable, long-term cooperation and invite all $XFIT token holders to reap the benefits of the SpiderDAO LAU in the future.

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XFai develops tooling for the DeFi space – we graph the DeFi space to build game-changing products. Starting with the DLO: the DEX Liquidity Oracle

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