What is Xend Finance (XEND)? Why is it supported by Binance and Google?


Xend Finance (XEND) – The first cross-chain DeFi credit institution

  • Xend Finance (XEND) what?
  • What is special about the project supported by Binance and Google?
  • Should you invest in the project?

This article will answer these questions in turn. And give you an overview from the general to the detailed about this project. So what are you waiting for, let’s start writing right now!

What is Xend Finance (XEND)?

Xend Finance (XEND) is a Decentralized Credit Institution protocol built to optimize, improve, and add value to the core operations of credit institutions globally.

Xend Finance is decentralizing activities such as saving, lending, borrowing and investing of credit institutions as well as providing multi-tiered interest rates for members of these organizations.

Xend Finance is the first protocol to target the global market of this $2.2 trillion credit institution.

Current information

Ticker: XEND

Blockchain: Binance Smart Chain

Token Standard: BEP-20

Our team will update more when there is more information.

What problem does Xend Finance solve?

Traditional credit unions are location dependent. This means that all members must be in a specific geographical area to be part of a credit union. They have a very low annual rate of return. Smaller credit unions have access to a small amount of liquidity, so they offer very small loans at high interest rates.

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To solve this problem, Xend Finance was born. Specifically, please continue reading below.

How Xend Finance solves the problem

Xend Finance has broken down the barriers outlined above by providing a location-agnostic protocol that can be accessed from anywhere in the world, delivering a high annual percentage return. up to 20%, access to global decentralized financial services such as DeFi savings, DeFi Lending, and DeFi Borrowing and access to decentralized insurance to ensure protect consigned assets.

Credit institutions and individuals can now easily store their funds in stable digital currencies and foreign currencies, earn interest in stable foreign currencies and also borrow in stable foreign currencies. Access to their funds is instant and does not require a third party. Using a decentralized governance process puts the community in charge of the operation, thereby reducing risks and improving project viability.

Information about XEND . token

What is XEND token?

XEND is the native token used to perform activities such as user rewards, protocol fees, and governance on the platform.

Token Use Cases


When users perform lending, savings and other activities on the platform, they will receive XEND rewards based on the reward distribution algorithm. The rewards decrease over time and this leads to scarcity, thus giving the holder more value.

Protocol Fees

XEND is used to pay protocol fees such as Credit Union group subscription fees for each savings cycle. XEND is also deducted as a default fee in group savings.


Xend Finance is a Decentralized Autonomous Organization (DAO) run by XEND holders using three different smart contracts:

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Xend Token Smart Contract, Governor Smart Contract and Time Lock Smart Contract.

These smart contracts will allow the Xend Finance community to suggest features, vote, and execute approved proposals.

XEND Token Allocation

Staking Reward: 24%

Foundation: 18.325%

Team: 14%

Strategic: 11%

Seed Stage: 10%

Ecosystem: 10%

Developers and Community Growth: 8%

Private: 3.375%

Public Sales: 1.3%

How to buy XEND tokens?

Currently you cannot buy XEND.

The target date for the public sale is late December or early January.

Details of the public sale will be announced at a later date.

Similar projects?

  • Defi.Money (YFII)
  • Dego
  • OpenOcean
  • BeefyFinance
  • fry.World

Team, Partners and Investors & Advisors



Investors & Advisors


  • AU21 Capital
  • Kenzi Wang
  • Block VC
  • Jun Capital
  • TRG Capital
  • Twin Apex Capital
  • DeltaHub Capital
  • Moon Whale


One of Xend Finance’s early backers was the Google Developers Launchpad, which included in-depth mentoring from Google’s engineers and leadership team, including Chuka Ofili, who helped provide guidance in the launch of Xend Finance. migrate Xend Finance products to Google Cloud.

Other advisors include Edem K., Wiza J., Kenneth K., Jubril J., Fola O., Shi Khai Wei and Alexis Lee….


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Media channel of the project




Should you invest in the project?

Through what GocTienAo shared with you, I hope that you have grasped a part of the project and can make your own investment decisions!


The above article has provided you with an overview to the details of the Xend Finance project. Hope GocTienAo has given you useful information about the project. If you find it interesting, please share the article with your friends!

All investment statements above are personal. All investment decisions are made by you and you are responsible for your assets. Good luck!

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