XDeFi.finance focuses on finance and the future, building a financial moat
Along with the development of derivatives market and long-term diversified investment demand, the figure of structured products began to be active in the crypto market and gradually grew into a new force.
With the gradual growth of the crypto market, traditional financial institutions are entering at a fast pace and decentralized finance is gaining more and more attention from investors. Along with the development of the derivatives market and long-term diversified investment needs, rich and safe structured financial products are beginning to be active in the crypto market and are growing into an emerging force.
Entrepreneurs are also exploring this early on, and a group of entrepreneurs from Stanford University in the US are developing an exciting product, let’s learn more about the product that has the financial community so excited.
XDefi finance was founded in California by Stanford graduates Pedro jack and John Dubugras Lukass Edgars and is part of the XDEFI Foundation.
Greenoaks, Tiger Global and other institutions have invested in the main body of XDEFI fund and will enter into deeper cooperation in the future.
The entrepreneurs from California know very well that they are breaking the tradition and writing a history of decentralized finance, give them some time to explain. XDefi finance has overshot any blockchain product and become a brand new protocol where you don’t have to worry about losses, lossless mining is a product we have built for our customers. And the code has been audited by auditors.
XDefi finance connects the world of traditional financial markets. We want to empower the developer community by providing a robust protocol. xDefi finance combines the real world of finance with public and private blockchains, enabling interoperable smart contracts to protect the future of financial markets. It also provides developers with a toolbox for creating, deploying and managing faster, more agile and more reliable data applications.
DeFi’s raison d’être is the democratization of the financial world. Thanks to the Internet and smart contracts, DeFi eliminates or reduces the influence of centralized entities (governments, corporations, or even worse, a combination of the two) on the banking industry. Think back to the Great Recession of ‘07-’08 when the combination of the two had a devastating impact.
Decentralization is desirable because it makes it difficult for organized groups to collude and manipulate the rules in their favor; it is not a public good. deFi promises to create a world of permissionless finance where the average user is empowered to pursue their own financial freedom. xDefi finance is based on this, making it simpler for users to reach what they want to accomplish.
What is Xdefi.finance?
Xdefi finance is a decentralized reserve currency protocol based on the BREX token. Each BREX token is backed by a basket of assets (e.g. TRX, USDT) in the Xdefi finance treasury, giving it an intrinsic value that it cannot fall below. Xdefi finance also introduces unique economic and game-theoretic dynamics into the market through staking and bonding. Investment Solutions In Game, GEM, NFT.
XDEFI can “Stake” your USDT by locking up any amount for a period between 1 and 720 days. Stake accrues interest every day, and the amount of interest depends on the length of Stake: “Longer Pays Better”. The APY for BREX Stakes of average length is around 100% while traditional bank CDs average less than 2%. In addition to the unprecedented yield, there is also the tendency of the BREX price to appreciate.
BREX has no central entity, no bureaucracy and no overhead. There are no bonuses awarded to anyone outside of the users who Stake BREX. As a simple to use, high interest investment tool, BREX makes you the bank.
Users of the cryptocurrency wave are first attracted to high yields before they consider security. The lessons of decentralization and the dangers of centralization must be reiterated over and over again for newcomers and as a constant reminder to ourselves. After all, going against the ideal of decentralization only defeats the whole point of DeFi. xDefi finance strives to take decentralization to the extreme, and for users safeguarding their funds is first, followed by earning profits, and we value security as much as profits.