Weekly Update #5
It’s been a busy week in crypto with NFTs and DAO enjoying the spotlight in the market! Development here at XFai is busier than ever too — with one of our team visiting NYC to meet industry players to further XFai’s vision.
Let’s get into this weeks updates.
- We basically rewrote the liquidity provision mechanism to our DEX — this was to ensure it aligned with the latest UX decision for our users.
- We’re adding a feature for “continuous” funding for XFai — which will not cost the normal users.
Integration with a DEX aggregator
- We are planning to launch our DEX with an existing DEX aggregator as they already have multiple experiences with ETH based DEXs. In doing so, this allows us to plan to launch on other chains to expand and tap into other ecosystems.
- In addition, by doing so, we will ALWAYS outperform all other DEX’s with gas fee management and yield generation.
- We have been testing multiple small-cap tokens to small-sized token trades, with values around 10~20K USD on our platform — the result was 0 slippage.
- One of our team members has participated in the NFT NYC to meet industry experts and giants. We are meeting with different NFT projects to listen to what their needs are as a project, and how XFai can help them to have longer longevity for their projects. We have discussed the upcoming features for XFai in the future.
- We’ll be hosting the monthly AMA next week. The exact time will be announced soon and we hope we can give you all the information and answers to all of your questions — and will publish a google form wherein you can submit them.
We’re now approaching the final phase of our product development — we are certain we will make an impact in the market — and will make you guys proud to be the pioneers who have supported XFai since its inception.
XFai develops tooling for the DeFi space, graphing it to build game-changing products. The XFai DEX is set to invite mid and small-cap tokens to start earning APY on their token holdings, while the XFai’s DEX is 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.