Xend Finance, Africa’s First BSC-built Project Joins Pancakeswap’s Syrup Pool for Greater Liquidity

21 May, 2021 Updated 21 May, 2021

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Xend Finance, a global DeFi platform for credit unions and co-operatives has made a new announcement. The project announced that its token $XEND is being introduced in Pancakeswap’s Syrup Pool. Xend Finance is the first Binance Smart Chain-based company out of Africa and with the new announcement it has further delved into Binance’s ecosystem through Pankcakeswap. Prior to this, the project has already been listed by platforms like Uniswap, AscendEX (formerly BitMax), MXC, and Gate.io, amongst others.

Xend Finance is a DeFi platform that caters to credit unions and cooperatives irrespective of their geographic location and fiat currency, by enabling them to higher interest in stable currencies in their savings. It allows users to save in stable currencies without being worried about fluctuation and devaluation. Powered by its native token, $XEND, the platform allows users to save and invest on the network and earn rewards.

Furthermore, the Xend Finance users also enjoy enhanced interest rates on their savings, since the Xend Finance smart contract periodically invests user savings on DeFi lending protocols, thus generating an additional layer of interest for users.

With the latest announcement, Xend Finance has made its way into the Pancakeswap Syrup Pool. Pancakeswap, being the largest decentralized exchange on Binance will now bring added benefits for stakes in the form of higher liquidity and $CAKE rewards. As per the announcement,

550,000 $XEND tokens will be available in the Syrup Pool for a duration of 60 days. Stakers will stand a chance to win 2x $CAKE rewards for the first 48 hours and post that the rewards will be 1x $CAKE.

To learn more about Xend Finance, please visit:

Website: https://xend.finance/

Twitter: https://twitter.com/xendfinance

Telegram: https://t.me/xendFinance

Medium: https://medium.com/xendfinance

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.