XBE Finance amplifies yield on $12bn Curve and Convex Liquidity
Curve.fi and Convex finance have fundamentally changed the way DeFi yield mechanisms work by offering great rewards for liquidity providers on stable coins and other tokens, with approximately 12bn USD in total value locked (TVL).
This is why XBE.finance has chosen to build out their products using both Curve.fi and Convex Finance as a foundation for its protocol.
The XB Hive product is taking this concept of complementary yield further to improve rewards even more. All a user needs to do is commit their Curve Liquidity Provider tokens to the XB Hive, and it will add its own token rewards (in the form of the XBE token) on top of what Convex and Curve already offers – amplifying the yield of any Curve liquidity staked in the XB Hive to some of the highest levels for users around.
The XB Hive makes yield easier for more users
Over and above the rewards in XBE (the XB protocol’s Ethereum governance token) the Hive complements these great protocols by adding new features and tools for users to earn and dive into DeFi!
- The first of these is on-chain referral rewards – creating new earning opportunities for users even if they don’t have liquidity of their own.
- The second is a service called EasyXBE that makes it really simple for users to start their yield journey!
- The third service makes it easy for users to convert their FIAT into DeFi liquidity (and back when they need to) through regulatory compliant partnerships with licensed financial institutions.
What is the XB Protocol?
The XB protocol was launched to bridge the gap between everyday users, DeFi, and traditional finance through the benefits of an “Integrated Finance” approach. Optimizing yield rewards on user’s DeFi, FIAT, and Traditional Securities liquidity through the XB Hive is an important step that underpins the protocol’s commitment to regulatory compliance when engaging with the FIAT and Traditional Finance worlds while respecting the privacy and self-sovereignty that makes DeFi so exciting.
The XBE (ERC20) token was distributed freely and fairly to community members with no founder or investor allocations to enable protocol governance during an initial liquidity event. Supply is limited and the current emission schedule will reach 40 000 tokens as maximum supply by September 2023.
The protocol generates daily XBE token reward emissions that are used to support the respective services that grow the protocol – helping to attract liquidity, earn protocol income, and incentivize partnerships.
XB Protocol plans for Layer 2 networks
It is no secret that high gas fees make it difficult to do smaller transactions cost-effectively on Ethereum, and the XB protocol is no exception to that, which is why plans to expand to layer 2 networks like Fantom, Polygon, and Binance Smart Chain (among others) are well underway and will happen one after another following the XB Hive launch!
The Hive has been designed so that it can offer the same reward amplifications and ease of use functions that it adds to Curve and Convex on the Ethereum network for leading protocols on each layer 2 networks it is launched on!
