We are excited to announce a partnership with XFai to utilize their new DEX and liquidity oracle.
Our synthetic exchange was built to enable broader access for the unbanked/underbanked in a limitless manner. The collaboration with XFai will focus on creating and providing liquidity for different assets on our DEX in the future.
XFai is currently developing its own decentralized exchange for the DeFi space, graphing it to build game-changing products. The XFai DEX is set to invite mid and small-cap tokens to start earning APY on their token holdings, while the XFai ‘s DEX is set to become industry-first in providing a more efficient, transparent, and fair way for everyone to get involved at an early stage. Through the design of XFai’s DEX, $BYN token holders will be able to trade and swap $BYN for every other token on the DEX — and vice versa — using XFai’s innovations that allow for every token on the DEX to be interchangeable. This allows Beyond Finance increased liquidity for $BYN, without the need to relinquish a huge percentage of their tokens to a centralized exchange.
New Assets with FULL liquidity
By utilizing XFai’s DEX, Beyond will be able to create different types of liquidity pools. $BYN token holders will be able to trade and swap $BYN for every other token on the DEX — and vice versa — using XFai’s innovations that allow for every token to be swapped. This allows Beyond Finance to ascertain increased liquidity for $BYN, without the need to relinquish a huge percentage of their tokens to a CEX.
The Beyond x XFai partnership will enable users for both parties to hold their tokens and generate profit from them. This opens doors for bringing more real assets into DeFi and to our platform.
Taulant Ramabaja, Chief Scientist at XFai, explained that
“XFai is pleased to welcome Beyond Finance, an exciting and innovative synthetics asset trading platform that aims to nourish the long-term DeFi ecosystem and make finance accessible to all. We’re excited to see Beyond Finance and $BYN on our DEX, through a partnership that will benefit both XFIT holders and Beyond Finance users and go beyond future.”
Kenneth Moon , Head of Product for Beyond Finance, comments that
“Beyond Finance is currently going through a re-branding, pivoting a move to provide innovative asset management solutions and NFT & gaming products. This partnership will help our community to bridge $BYN to other crypto assets and the opportunity to participate in one-sided liquidity pools through their unique DEX infrastructure.”
DeFi has still a long way to go. In the center of it, we need users and traders to build the ecosystem with us. All this cannot be done without sufficient liquidity
About Beyond Finance
Beyond is a decentralized synthetic product trading platform where users can create and trade synthetic financial products, unlocking the full potential of decentralized finance and derivatives without limits. With prominent key partners including Huobi Ventures, Spark Digital Capital and OKex Block Dream Fund, Beyond Finance allows users to trade decentralized products without any restrictions, allowing individuals to reach their fullest to fully realize the value of Decentralized Finance.
XFai develops tooling for the DeFi space, graphing it to build game-changing products. The XFai DEX is set to invite mid and small-cap tokens to start earning APY on their token holdings, while the XFai LGE is set to become industry-first in providing a more efficient, transparent, and fair way for everyone to get involved at an early stage. The LGE for XFai’s native token, XFIT, was launched on 16th April 2021. We invite everyone to join the DeFi revolution, spearheaded by XFai.