Xend Finance (XEND)

DeFi Platform for Credit Unions and Cooperatives.

Whitepaper

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What is Xend Finance

Traditional Credit Unions are location dependent, this means that all members must be in a particular geographical area to be a part of a credit union. They have very low annual percentage yields. Smaller credit unions have access to very little amount of liquidity, hence they give very small loans with high interest rates.

XendFinance has broken down these barriers by providing a location agnostic protocol that can be accessed from anywhere in the world, providing high annual percentage yields of 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 protection of deposited assets.

Credit Unions and Individuals can now easily store their money in foreign and stable digital currencies, earn interest in the foreign stable currencies and also borrow in foreign stable currencies. Access to their funds is instant and no 3rd party is required.

Using a decentralized governance process puts the community in charge of operations thereby reducing risks and improving the viability of the project.