Your Gateway to Decentralized FX Markets: Xave Finance on Spores Launchpad!
Save the date for the exciting Xave Finance on Spores Launchpad on 4th April!
Xave Finance is a specialized DEX for creating liquid markets for RWAs (tokenized commodities, precious metals, stablecoins). RWAs represent a breakthrough for asset management and value transfer, and are poised to bring Trillions of dollars of TradFi volume On-Chain.
🔷 Highlights
- Successfully raised $1.92M through private round
- Partnered with ecosystems like Balancer, Avalanche and various stablecoin issuers like StraitsX, VNX, Stasis, etc
- Processed $50M+ of volume + 11,000 FX swaps in 2023
- FXPools use a proprietary bonding curve to provide zero slippage FX swaps
🔷 Xave Finance IDO Timeline
- Vip Round: 5th April, 10 AM UTC => 6th April, 10 AM UTC (24 hours)
- Triple Round: 6th April, 10 AM UTC => 6th April, 11 AM UTC (1 hour)
- FCFS Round: 6th April, 11 AM UTC => 7th April, 11 AM UTC (24 hours)
🔷 Xave Finance IDO Details
- Symbol: XAV
- Chain: Avax
- Initial Market Cap: $1,500,000
- Initial Supply: 9,000,000 XAV
- Total Supply: 100,000,000 XAV
- IDO Price: $0.5
- Vesting Schedule: 100% TGE
🔷How to Join Xave Finance IDO
- Step 1: Register for the IDO To be eligible for IDO participation, please click this link: https://launchpad.spores.app/ido/xave-finance-ido
- Step 2: Receive Email Confirmation After the whitelist closing time, Spores Network will notify you of your Tier Confirmation at least 12 hours before the sale.
🔷 Xave Strategy
Xave Finance builds liquid FX markets for DeFi. Xave’s core product is the FXPool, a custom liquidity pool that uses a novel FX Invariant to facilitate stablecoin swaps with no slippage.
Xave strategies are stablecoin farming strategies which aim to give users ~20–30% (or higher) base APR yields.
Strategy # 1: Thetanuts
This stablecoin farming strategy routes liquidity through three components: the FX AMM, the Lending Market and Thetanut’s Stronghold options trading index product.
Strategy # 2: USDC Lending
This low risk strategy involves lending USDC to Xave’s Lending Market.
Action: Deposit USDC to Xave’s lending market as collateral
Possible Yield: (+) ~3% target APY earned from USDC borrowers
🔷 Intergrations & Network
🔷 Roadmap
Xave’s roadmap is focused on driving their core use-case: to bring the $7 Trillion daily FX market on-chain. They are working with a variety of new issuers of stablecoins and RWAs to make this a reality, and will be regularly adding new assets over the coming months.
Xave Finance Official Links:
Website | Twitter | Telegram | Discord | Medium
About Spores
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