XFai is pleased to bring to you a DEX partnership with Beyond Finance. Beyond Finance is a decentralized platform for creating and trading synthetic financial products designed to suit the needs of the synthetic creator.
Through the partnership, the Beyond Finance traders and stakers will be able to benefit from an array of DeFi benefits facilitated by the innovations of XFai’s groundbreaking DEX.
Tapping into the core users of crypto; traders
Through the design of XFai’s DEX, $BYN users will be able to trade and swap $BYN for every other token on the DEX — and vice versa — using XFai’s innovations that allow for every token on the DEX to be interchangeable. This allows Beyond Finance increased liquidity for $BYN, without the need to relinquish a huge percentage of their tokens to a CEX.
XFai’s upcoming DEX aims to maximize token holder returns and create more efficient markets. Not only will the $BYN holders be able to benefit from the advantages of the DEX such as slippage minimization and capital efficiency, but they will also be able to utilize XFai’s one-sided liquidity provisioning to earn rewards by providing $BYN as liquidity to pool. LPs will earn $XFIT as rewards, which can then be swapped for any other token on the DEX, including $BYN — through the DEX’s groundbreaking design.
“XFai is pleased to welcome Beyond Finance, a synthetic asset trading platform in the DeFi space that aims to be the dominant synthetic asset ecosystem and make participation easier for everyone. We’re excited to see Beyond Finance and $BYN on our DEX, through a partnership that will benefit both XFIT holders and BYN holders” — Taulant Ramabaja — Chief Scientist at XFai.
The two parties are excited to be embarking on this journey together and are dedicated to having more cooperation to nourish and strengthen both ecosystems in the near future.
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 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.