I know some of you still don't really know what Xend Finance is.
So grab some popcorn and let me tell you a story.
Back in 2019, two great minds,
@AronuUgochukwu and
@chimaabafor, founded Xend Finance with a simple but ambitious vision, make powerful financial tools accessible to ordinary people.
The startup went on to raise over $2.2 million from investors including Binance Labs, Google Launchpad, NGC Ventures, HashKey Capital, AU21 Capital, and others.
Then, on March 22, 2021, Xend Finance launched its mainnet and made history as one of Africa's pioneering DeFi projects. At the time, Binance CEO CZ publicly endorsed the project and spoke about Africa's role in the future of blockchain and decentralized finance. He said:
“Africa is one of the most important continents, representing the future and emergence of DeFi and blockchain capabilities. “We are very excited about the mainnet launch of Xend Finance, with a team we backed early on that has a strong foothold in Africa and have been strong advocates for what Binance Smart Chain can accomplish. With their platform, they can bring stable currency and DeFi investment opportunities to those who normally wouldn’t have them.”
What's interesting is that when CZ made that statement, Xend was still in its early stages. There were no tokenized money markets. There were no tokenized real-world assets. What Binance backed was the team, the vision, and the belief that they could execute.
Fast forward to today, and it's hard to deny that they kept building.
> Xend evolved from a DeFi savings platform into a broader financial ecosystem.
> The team launched Asset Chain
@rwaassetchain, an EVM-compatible Layer-1 blockchain designed to legally tokenize real-world assets on-chain.
> They expanded into tokenized money markets and other real-world asset opportunities.
> The ecosystem has grown to more than 200,000 users.
> Over $1.40 billion has been put to work across 1,283 investments through Xend Money Market.
I've been using Xend Finance for a long time now. I've used it to buy crypto, trade P2P, save money, and invest. My experience so far has been surprisingly smooth, especially considering how much the platform has evolved over the years.
Whether you're bullish or bearish about Xend, one thing is clear. When Xend raised money, they didn't disappear. Xend kept building.
You may already have other products you use, and that's perfectly fine. But if you've never tried
@xendfinance before, maybe it's worth taking a look for yourself.
Don't take my word for it. Download the app, explore the products, and see what they've built over the last six years.