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 XFai’s documentation and insight into the protocol design. The team is launching a native coin called the XFIT token and the project’s Dex Liquidity Oracle, or DLO for short, aims to be a game-changer. The DLO tech can help low-capitalized tokens gather attention and significantly increase token liquidity.
“XFai’s cutting-edge technologies such as the Potentializer and the DLO (Dex Liquidity Oracle) allows small and mid-cap token holders to join a large liquidity pool that charts centralized exchanges, and provides the same – if not more optimized – liquidity depth in decentralized exchanges,” the XFai developers explained to Bitcoin.com’s newsdesk.
Furthermore, the team detailed that XFai has enabled an anti-slippage tool to ensure that traders can freely complete transactions without being trapped, while removing the need for automated market makers (AMM).
XFai’s DLO description explains:
To encourage more users to participate in liquidity provision, XFai has developed a one-step liquidity addition method, dramatically reducing the hassle and the gas fees involved with liquidity farming. In return, liquidity providers can earn protected APY.
Roger Ver Backs XFai for the future of Defi infrastructure
The vast number of defi projects in the space today focus solely…