Xion Finance, (XGT) a Tortola, British Virgin Islands-based DeFi protocol developer, secured an funding dedication of $50 Million from GEM Digital Restricted.

This dedication will speed up the product growth roadmap and general adoption of the Xion Finance software.

Led by Ronan Quarmby, Founding father of Xion Finance and CEO of Xion International, Xion Finance is a DEX aggregator, staking and multi-chain launchpad protocol. Leveraging multi-chain bridging options for zero slippage swaps, excessive yielding staking alternatives and funding allocations into prime tier metaverse and gaming IDOs.

With GEM’s current dedication, Xion Finance will now develop their DeFi infrastructure throughout a number of blockchain networks to help their anticipated V2 platform.

Included within the new V2 platform launch is a 1:1 swap answer that can allow customers to carry out zero slippage transfers, eliminating the hidden prices related to AMMs making it simpler to bridge belongings between chains backed by their native XGT token.

XGT – obtainable on CEX alternate Lbank with extra exchanges soo – is primarily used as a staking, funds, loyalty and rewards token inside each Xion Finance and the Xion International Web3 funds gateway, bringing elementary utility to DeFi and Web3 funds.

FinSMEs

04/08/2022