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: