Xion Finance, (XGT) a Tortola, British Virgin Islands-based DeFi protocol developer, secured an investment commitment of $50 Million from GEM Digital Limited.
This commitment will accelerate the product development roadmap and overall adoption of the Xion Finance application.
Led by Ronan Quarmby, Founder of Xion Finance and CEO of Xion Global, Xion Finance is a DEX aggregator, staking and multi-chain launchpad protocol. Leveraging multi-chain bridging solutions for zero slippage swaps, high yielding staking opportunities and investment allocations into top tier metaverse and gaming IDOs.
With GEM’s recent commitment, Xion Finance will now expand their DeFi infrastructure across multiple blockchain networks to support their anticipated V2 platform.
Included in the new V2 platform release is a 1:1 swap solution that will enable users to perform zero slippage transfers, eliminating the hidden costs associated with AMMs making it easier to bridge assets between chains backed by their native XGT token.
XGT – available on CEX exchange Lbank with more exchanges soo – is primarily used as a staking, payments, loyalty and rewards token within both Xion Finance and the Xion Global Web3 payments gateway, bringing fundamental utility to DeFi and Web3 payments.
FinSMEs
04/08/2022