Roger Ver Backs XFai in His Largest DeFi Investment to Date

Roger Ver Backs XFai in His Largest DeFi Investment to Date

Early Blockchain Adopter Roger Ver Backs DeFi Project XFai



Roger Ver has announced his backing of XFai, a decentralized oracle service provider. The announcement marks the blockchain pioneer and early adopter’s most significant investment in a DeFi project.

In the past year, the DeFi space has grown from around $600 million to over $40 billion in total locked value, according to aggregator DeFi Pulse. However, a considerable amount of these funds are not allocated properly due to inefficiencies in the space’s infrastructure. Most small to mid cap token projects are caught in a dilemma where their liquidity is too low to benefit from decentralized exchanges yet they are unable to grow due to hidden dynamics in the centralized exchanges that hold the liquidity they need.

Roger Ver’s support for XFai is based on the fact that its technology addresses these core issues. XFai has developed a DEX Liquidity Oracle (DLO) that takes data feeds a step further by managing liquidity between decentralized and centralized exchanges. This provides these projects with the liquidity they need and their holders with protected APY. The DLO is an infrastructure solution that can unlock over $250 billion in crypto and DeFi projects that are not reaching their full potential, taking into account their current cumulative market cap.

“XFai stood out to me due to the potential of their oracle to unlock incredible opportunities in the blockchain space. XFai enables actual decentralization by allowing small and mid cap tokens to finally have a seat at the table. I look forward to watching XFai become a game changer in the DeFi space by providing a solid foundation for future projects to build upon.” – Roger Ver.

Likewise, other XFai tools could save users up to $4 million in gas fees per month and prevent the impermanent loss issues that plague the space. An example of this will be seen in the project’s own upcoming Liquidity Generation Event (LGE). This innovative progression on the outdated Token Generation Event approach will allow participants to add their newly-purchased tokens to a liquidity pool automatically. A process that usually takes four transactions to complete will be reduced to one thanks to XFai’s technology. This represents up to 75% in savings on gas fees,avoids slippage and transaction failures that are common in these events. The $XFIT LGE is set to take place on April 8.

About XFai

XFai is a decentralized oracle service provider that seeks to balance the playing field between centralized and decentralized exchanges. It is built as a DEX Liquidity Oracle, or DLO, which consists of a set of autonomous liquidity management smart contracts for tokens with low trade volumes and market caps. The platform relies on its native $XFIT token and allows holders of small and mid cap tokens to earn returns on their funds when providing liquidity.

Media contact:

Robert Penington

[email protected]



Content Disclaimer

The above review statements are those of the sponsor (Source of content) and do not necessarily reflect the official policy, position or views of the content publisher. The content distribution company is therefore not responsible for the content and its authenticity and legal standing of the above subject matter. Each individual is required to exercise its content when making a purchase from the above offer. The information does not constitute advice or an offer to buy. Any purchase made from the above press release is made at your own risk. Consult an expert advisor/health and professional advisor before any such purchase. Any purchase made from this link is subject to the final terms and conditions of the website's selling as mentioned in the above as source. The content publisher and its downstream distribution partners do not take any responsibility directly or indirectly. If you have any complaints or copyright issues related to this article, kindly contact the company this news is about.  

DISCLAIMER of Liability. IN NO EVENT SHALL OUR PR COMPANY BE LIABLE OR RESPONSIBLE TO YOU OR ANY OTHER PERSON FOR ANY DIRECT, INDIRECT, INCIDENTAL, CONSEQUENTIAL, SPECIAL, OR EXEMPLARY DAMAGES OF ANY KIND, INCLUDING WITHOUT LIMITATION, LOST PROFITS OR LOST OPPORTUNITIES, EVEN IF ADVISED OF THE POSSIBILITY OF SUCH DAMAGES IN ADVANCE AND REGARDLESS OF THE CAUSE OF ACTION UPON WHICH ANY SUCH CLAIM IS BASED, INCLUDING, WITHOUT LIMITATION, ANY CLAIM ARISING OUT OF OR IN CONNECTION WITH ANY OF THE CONTENT, INCLUDING, WITHOUT LIMITATION, AUDIO, PHOTOGRAPHS, AND VIDEOS, OR OF THE ACCURACY, RELIABILITY, OR LEGALITY OF ANY STATEMENT MADE IN OR OMITTED FROM ANY advertisement, sponsorship, endorsement, testimonial, opinion, or other product-related or service-related statement or review appearing in the Websites or in ANY post or article distributed via the Websites.





Source: Story.KISSPR.com
Release ID: 17567