CosmicSwap x Xolo Finance Partnership
🎉 OUR FIRST PARTNERS 🎉
As we are nearing our presale announcement, the Cosmos has revealed its first hidden gem, Xolo Finance.
Introducing Xolo Finance
Xolo Protocol is a series of interest-bearing lending market protocols on the Binance Smart Chain.
Xolo establishes money markets, which are pools of assets with algorithmically derived interest rates, based on the supply and demand for the asset. Suppliers (and borrowers) of an asset interact directly with the protocol, earning (and paying) a floating interest rate, without having to negotiate terms such as maturity, interest rate, or collateral with a peer or counter-party. Each money market is unique to a BSC based asset (such as BNB, any BEP-20 stable coin such as BUSD, USDT, etc or an ERC-20 utility token such as Cake, Btc Dot, Eth), and contains a transparent and publicly-inspect-able ledger, with a record of all transactions and historical interest rates.
How will this be beneficial?
- CosmicSwap would add in pools for Xolo farming to benefit Xolo LP providers and stackers.
- CosmicSwap will utilize XOLO’s protocol strategies to increase the platform APY for their users.
- XOLO protocol will increase CosmicSwap’s token to its lending pool to increase token utility for both the protocols
- CosmicSwap’s backend integration will supply additional TVL to the platform and help the protocol by increasing mutual incentives and liquidity.
Learn more about Xolo: