Xend Finance starts the year with industry-leading evolution
Even though 2024 is just beginning, we have made great strides. In the last month, we’ve made innovative changes that will further position Xend Finance as a game changer in the DeFi space. We couldn’t be more excited for the year, and we hope you can all share in our excitement and continue to offer your unending support.
Here are some of the major highlights so far:
The Xend Finance Evolution and Tokenization of Real-World Assets
We recently announced our biggest evolution since inception. With the inclusion of real-world assets in Xend Finance, we are set to position ourselves as the premier Real-World Asset (RWA) aggregator powered by DeFi.
This shift in positioning within Xend Finance also comes with a change in our token ticker from $XEND to RWA. The tokenization of real-world assets such as real estate, art, etc., on the Xend Finance platform empowers users of all backgrounds to access previously exclusive luxury asset classes. You can read more about this here.
We also launched our migration tool. You’ll find the full details about the migration in this post. The migration tool will enhance easy migration from $XEND to $RWA for token holders.
Landmark Partnership with Risevest
One of our major announcements in the past month was our partnership with Risevest. This was one of the many moves we made in the past few months to make the tokenization of Real-World Assets a success on our platform. Risevest is a Nigeria-based fintech company that provides a platform for individuals to access global investment opportunities.
This partnership enabled Xend Finance users to access various TradFi investment asset class products of Risevest within the Xend Finance platform using stablecoin cryptocurrencies and earn stable interest rates on these investments.
You can read more about the partnership here.
Integration of XEND-AI into all Xend Finance products
We ended the year by announcing the integration of XEND-AI into Xend Finance products in the coming months. The integration of AI into Xend Finance products will help our users make better investment decisions and reach their financial goals easily. It will also help our users seamlessly navigate the Real-World Assets (RWA) classes.
XEND-AI will be our users’ live investment assistant, analyzing both old and new investment datasets peculiar to the investment asset classes supported in Xend Finance against the user’s personal profile data like the user’s risk appetite level, preferable investment asset classes, return goals, and investment duration. It will then provide unique investment opportunities that fit the Xend Finance user’s profile.
The XEND-AI will be live on the Xend Finance ecosystem in the coming months.
This is just the tip of the iceberg of what we have planned for the Xend Finance ecosystem. There’s a lot more coming up before the end of the year. Expect our future newsletters to be as mind-blowing as this.
Yours sincerely,
Ebibote Opetu
Communications and Content Lead, Xend Finance.