Decentralized finance (defi) has seen extreme demand and innovative use-cases during the last 12 months. Defi oracles, decentralized exchange (dex) platforms and automated money makers (AMM) have swelled in value, as statistics show over $43 billion is locked into defi protocols today. Meanwhile, a new project has recently stepped out of the gate called XFai, a dex liquidity oracle that aims to capture untapped liquidity from small to medium cap tokens. On April 8, 2021, XFai plans to host a Liquidity Generation Event (LGE), and this week it was announced that Bitcoin.com’s founder and angel investor Roger Ver has invested in XFai.
XFai’s Dex Liquidity Oracle Aims to Empower Decentralized Finance and Capture Untapped Liquidity
Defi concepts and decentralized exchanges are all the rage these days, and a great number of dex platforms have outperformed their centralized exchange (cex) counterparts. Today, data shows the total value locked (TVL) into defi is over $43 billion, and dex protocols like Uniswap, Sushiswap, and Curve.fi are seeing significant trade volume. Statistics show that $1.7 billion was swapped on dex platforms in the last 24 hours, and $12 billion traded during the last seven days.
Now there’s a new defi project on the horizon called XFai that’s planning to launch in the near future. The protocol leverages its unique Dex Liquidity Oracle (DLO) for small to medium cap tokens. XFai’s goal is to develop tools by graphing the defi space and release game-changing decentralized products.
The project has published a comprehensive white paper that provides …
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