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Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
Xend Finance is on the rise this week.
The price of Xend Finance has risen by 14.56% in the past 7 days. The price increased by 1.55% in the last 24 hours. In just the past hour, the price shrunk by 0.55%. The current price is $0.028604 per XEND. Xend Finance is 98.74% below the all time high of $2.27.
The current circulating supply is 119,060,249.437 XEND.
What Is Xend Finance (XEND)?
platform is a credit union created with the aim to enhance, optimize, and add value to the major operations related to credit unions worldwide. The platform provides decentralized savings, borrowings, lending, and trading operations of credit unions and offers interest returns to the associates of the unions.
One of the significant issues with conventional credit unions is that they are location-based, which means that every member must be available in a specific geographical region to become a fragment of a credit union. They also have a low APY (annual percentage yields). Another problem is that the small credit unions can only access a negligible amount of . Henceforth, they offer small loans implying high-interest rates. Xend Finance removes these barriers by offering a location-agnostic protocol accessible from any part of the world. provides a platform for cooperatives, credit unions, and individuals worldwide to obtain high interests on their savings in stable currencies.
The gives unrestricted membership to users across the world. Users can benefit from decentralized insurance for asset protection. Individuals and credit unions can store their money, borrow in stable and foreign digital currencies, and earn interest. The platform instantly provides access to individuals and credits unions to their funds without including any intermediary.
XEND is the native of the Xend Finance network. The Xend tokens are employed on the platform for rewarding users for trading, saving, and carrying out various activities on the network. The native of the platform charges the credit union a nominal gas fee to build a union on the , which is paid as XEND tokens. A proportion of the fee is utilized for trading back the tokens for adding liquidity to the Xend Finance protocol. Moreover, the platform’s governance is implemented by the token holders of XEND.
History of Xend Finance (XEND)
The total supply of XEND tokens is two hundred million.