Xpool, a fork of Aave with improvements and based on a faster network that provides a completely decentralized and permissionless way while maintaining full custody over borrowers and depositors’ coins.

What is Xpool

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Xpool is an open-source Decentralized protocol – built on Binance Smart Chain that enables users to borrow
assets from the platform, deploy their assets and earn yield with ease. Just as we have Justlend on Tron Blockchain.

Taking advantage of the strengths of the Binance Smart Chain platform, you will transact at a fast speed with a small number of fees. By applying the nature of DEFI, Xpool provides open-source lending protocols, review rigorous community, ensuring all operations and functions.

You keep full control over your assets. Enjoy trading on your favorite wallets, anywhere, anytime and using your own assets.

How Does Xpool work

Xpool brings safe investment opportunities for risk-averse investors! All you need to do is to connect your external wallet and deposit tokens you want into Xpool, and you will receive attractive annual interest rates – an easy and fast source of passive income without having in-depth knowledge about DEFI.

Each asset on Xpool has its own supply and demand as well as different APY (Annual Percentage Yield) that changes over time. You can find more information about the average annual rate over the past 30 days to evaluate the rate evolution on the Xpool homepage.

The interest rate payment on loans – depositors share the interests paid by borrowers corresponding to the average borrow rate times the utilization rate. The higher the utilization of a reserve the higher the yield for depositors.

What Is an Initial Dex Offering (IDO)?

Initial dex offerings, or IDOs, are tokens that represent any type of asset hosted on a decentralized exchange (DEX) — an IDO is when a project launches a token through a decentralized liquidity exchange. IDOs can be created for anything from cryptocurrency to a music album, to aether powered battle ships. IDOs offer businesses a tool for engaging their communities in an economy that both enriches their products and services while allowing them to make smart business decisions regarding their assets.

Features of Xpool Defi

Deposit and Earning

Xpool brings safe investment opportunities for risk-averse investors! All you need to do is to connect your external wallet and deposit tokens you want into Xpool, and you will receive attractive annual interest rates – an easy and fast source of passive income without having in-depth knowledge about DEFI.

Each asset on Xpool has its own supply and demand as well as different APY (Annual Percentage Yield) that changes over time. You can find more information about the average annual rate over the past 30 days to evaluate the rate evolution on Xpool homepage.

The interest rate payment on loans – depositors share the interests paid by borrowers corresponding to the average borrow rate times the utilization rate. The The higher the utilization of a reserve the higher the yield
for depositors

xToken

Assets in Xpool will be tracked according to a type of token called xToken. This xToken represents the
amount of assets that the user has contributed to the pool, so they can use this xToken to redeem the
underlying collateral supplied

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Borrow

Built on Binance Smart Chain, Borrow is the key product of Xpool. Users who want to borrow any of the supported cryptocurrencies, stablecoins, or digital assets from Xpool must pledge collateral that will be locked on the protocol.

Unlike traditional banks, users do not need negotiable terms, have no maturity date, each type of asset will
have its own interest rate and change according to the law of supply and demand. Xpool allows users to choose and change between stable and variable interest rates on borrowed assets

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Flashloan

Xpool allows certain loans, called “flash loans,” to be instantly issued and settled. These loans require no
upfront collateral and happen almost instantly.

Flash loans take advantage of a feature of all blockchains, which is that transactions are only finalized when a new bundle of transactions, known as a block is accepted by the network.

As s result, Xpool doesn’t take a risk and neither does the borrower. This unique function will be developed by Xpool in the near future

XPool Token Overview

  • Name: XPOOL
  • Symbol: XPO
    Network: Binance Smart Chain
  • Spec: BEP-20

Token Allocation

  • Total supply: 210,000,000
  • Airdrop: 2,100,000
  • IDO 1: 4,200,000
  • IDO 2: 2,100,000
  • Liquidity: 1,575,000
  • Farming: 200,025,000

Xpool Token Use Cases

XPO is a token of the Xpool protocol, used for a number of purposes:

  • EARNING INTEREST ON DEPOSIT: By depositing XPO to Xpool protocol, users will earn attractive annual interest as the passive income.
  • USE AS COLLATERAL: Borrowers can use XPO as collateral to borrow assets and has a chance to get a discount on fees or borrow more than usual.
  • FEE COLLECTION & DISCOUNT FOR XPOOL SERVICES Xpool borrowers do not get charged a fee if they take
  • out loans denominated in the token.
  • VOTING AND GOVERNANCE Users who hold XPO tokens can vote for potential product upgrades, releases, and parameter fixes.

Xpool IDO Information

Xpool will implement IDO 1 and IDO 2 on LaunchZone PadX of the LaunchZone ecosystem with total of token sold is 3% – 6,300,000 XPO IDO 1: 4,200,000 XPO IDO 2: 2,100,000 XPO

Users holding LuckyStar Ticket of Launch Zone PadX will have the right to participate in the IDO, the first fundraising process for Xpool at an attractive price.

Users can access PadX through this link: http://padx.launchzone.org

Step-by-Step guide of how to get Lucky Star Tickets and buy IDO on Launch Zone PadX please refer to this link: https://bscex.org/docs/how-to-get-lucky-star-tickets -and-buy-ido-on-padx/

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