Xend Finance - Africa's first crypto bank, has taken the gospel of decentralized finance to Universities across Nigeria. The Xend Finance team took to the University of Nigeria, Enugu Campus to educate and train students on DeFi and also speak to them about the Xend Finance app. The Xend Finance app is relevant to students as it helps them save in dollars with low entry points as N3,000. This way students are able to plan for their future by saving smartly.
One of the major issues surrounding the mainstream adoption of decentralized finance and other blockchain-enabled systems and innovation is education, hence demystifying these is an important way to begin the process of onboarding individuals to web3.

Xend Finance has taken on this responsibility to provide education, training and hands-on onboarding of young Africans into the DeFi space. Using the Xend Finance app as an entry point to DeFi, Xend Finance began a nationwide University tour starting with the University of Nigeria, Enugu Campus.

Speaking to the Head of Growth, Mercy Emmanuel, she said."The problem that young people face is that due to currency devaluation and inflation, they lose the value of their savings. The Xend Finance app helps to mitigate against this and helps you save the value of your savings".


https://www.youtube.com/watch?v=Kos77csmhbo

Xend Finance, the leading DeFi project right now to come out of Africa, has partnered with Tidal Finance, the latest success in DeFi Insurance, to enhance protection of members’ assets on its platform.

This partnership will provide decentralized mutual cover pools for assets and smart contracts on the Xend Finance platform.

Xend Finance allows users to convert their savings into stablecoins which are then staked on DeFi lending platforms like Compound, AAVE, and Balancer, to earn compound interest with high APYs.

Tidal Finance, on the other hand, allows users and liquidity providers to select risk and invest in pools by choosing any combination of protocols / assets and their coverage terms that suit their risk / reward ratio.

1/ We are glad to share that our Balancer LBP was a huge success�

We want to thank our community for the overwhelming response on the sale. This wouldn't have been possible with your unwavering support�� pic.twitter.com/iFLPQvNM2f

— Tidal Finance (@tidaldefi) March 28, 2021
This partnership now means that users on the Xend Finance platform can easily buy insurance premiums for their assets further strengthening the Xend Finance security by ensuring users assets are always covered in unforeseen events.

At the same time, the partnership means $XEND tokens will now be added on Tidal Risk Pools.

The new partnership comes days after Xend Finance saw one of the largest Liquidity Bootstrapping Pools (LBPs) on Balancer ever followed by a successful UniSwap launching.

Tidal Finance’s Initial Dex Offering (IDO) on PolkaStarter a few days ago also saw a huge over-subscription (over 500x) before its successful listing on Balancer DEX demonstrating the huge demand for DEX insurance services.

_____________________

About Tidal Finance


Tidal Finance makes DeFi safer by providing insurance coverage for assets across chains in custom balanced liquidity pools. Tidal Finance is a Balancer-like insurance market built upon Polkadot that allows users to create custom insurance pools for one or more assets.

To get started on Xend Finance, simply download the app on your iOS and Andriod devices, then use the referral code: CHUMS to get $1 to begin your savings journey.

Xend Finance helps customers to save in dollars and also earn interest in dollars.

On the Xend Finance app, you can calculate how much you are going to earn at the end of your savings period with the Interest Calculator.
This way you can estimate how much your earning will be. This way you can make concrete plans for your savings.

Xend Finance, a fast-growing startup that uses decentralized finance (DeFi) to solve currency devaluation and inflation, has launched the first global Crypto banking app out of Africa. The blockchain-based application allows users to save in stable currencies, in order to hedge against inflation and devaluation. The app is now available on all iOS and Android stores.

The launch of the Xend Finance app officially ushers us into the blockchain banking era. Seeing the continuous migration from traditional banking to digital banking, Xend finance brings us into a whole new terrain with crypto banking. The absolutely interesting part about this is that it solves a real and experienced problem for the people.

Looking at the economic climate of Nigeria, we have experienced a massive rise in inflation. This means that the value of the Naira has reduced drastically in this free-fall economy that we have been plunged into.

Given this reality, the Xend Finance app could not have come at a better time.

What does the Xend Finance Crypto Banking App do?
Simply put, the Xend Finance app helps users save in dollars and earn up to 15% annual compounding interest.

With this crypto banking app, users can convert their local currency (Naira) to dollars (BUSD) and save.

The app provides two savings plans – Fixed and Flexible Savings.

1. Fixed Savings:

With the fixed savings plan, users can lock their savings for a period of time and earn up to 15% compounding interest on their savings. During the duration of the fixed savings, users cannot withdraw from this plan until the maturity date. Fixed savings users also earn additional XEND tokens, which is a crypto coin traded on major crypto exchanges.

2. Flexible Savings:

On the flexible savings plan, users can save on this plan and earn daily interests. The flexible savings plan allows users to be able to withdraw at any time. These withdrawals do not affect the interest earned on the savings plan.

The best thing about Xend Finance is how easy and seamless it is to save on the platform. You can literally sign up, fund your wallet and start saving immediately. Xend Finance also gives a $2 referral bonus when new users sign up using your referral code/link. The person that is referred is also not left out, as you get $1 to start your saving experience.

How do you get started?

To get started, simply go to your Apple App Store or Google PlayStore to download the app.

Click here to download on iOS – https://apps.apple.com/us/app/xend-finance/id1587050825

Click here to download on Andriod – https://play.google.com/store/apps/details?id=com.xendmobile

https://xend.finance/mobileapp.html

Sign up and begin saving your way out of inflation.

There is a new feature on the Xend Finance App, It is called the INTEREST CALCULATOR.
The Interest Calculator gives you an estimate of the interest you will receive at the end of your savings duration (Insert the page that shows all the APYs and overall savings)

Save the smart way, Save Value, Save with Xend Finance.

You actually no get sense

AskProf:
Pathethic kindergarten fraudsters.

STOP SPEAKING ABOUT THINGS YOU DO NOT KNOW!

XEND FINANCE IS NOT A SCAM - IT IS THE FIRST CRYPTO BANKING APP IN AFRICA.

IT IS BACKED BY BINANCE AND GOOGLE.

STOP BEING IGNORANT AND READ

https://disrupt-africa.com/2021/02/10/nigerian-defi-startup-xend-finance-increases-size-of-funding-round-to-2m/

CheedyJ:
Scam scammer scammest..

This is what happens when you don't read. It is not 15% every day. It is UP TO 15% annual interest paid daily. 15% APY - annual percentage yield.
Stop labelling things a scam.

They are backed by Google and Binance. If they were a scam, will they be backed by Google

https://techcrunch.com/2021/03/22/binance-backed-xend-finance-launches-defi-platform-for-credit-unions-in-africa/

Reggaemich:
when something seems too good to be True

Just know is a scam

Why all these false narratives? Which bank will give you dollars? The least amount of dollars you can buy from a bank is $4000. Do you have $4000? What you are saying is not realistic.

With Xend Finance you can start saving with as low as N3000, and you can instantly convert it to dollars - 5dollars.

That is why it is 100 times better than a bank.

Be smart

OAra:


It's 15 APY - 15% yearly, in the best case scenario as they say on their website. You could earn much more by simply putting money in the bank, convert it into $ or € and buy any ETF linked to any Western index - for example the Italian MIB went up by more than 25% in a year.

I don't understand your logic, so because they just started the app, they shouldn't market it? That doesn't make sense.
The app is for you to save your money in dollars. With the app you can convert your money from naira to dollars and save it.

The Naira is falling everyday, it makes no sense to continue saving in Naira. So don't display ignorance.

petaling:
You people are taking the public for granted. You just created an app and expect me to be saving my dollars with you?

No it is not 15% daily interest. It is up to 15% interest, that is the highest you can get. The interest changes everyday based on the market push and pull. Do you understand? It is up to 15% APY that is annual percentage yield..

jeyselassie:
15 percent daily interest. I'm scared

DOWNLOAD THE XEND FINANCE APP

Xend Finance is an app for saving in dollars and earning up to 15% interest. It allows you to convert your Naira to dollars and start saving in dollars.

REFER ANYONE TO DOWNLOAD XEND FINANCE AND YOU EARN $2, THE PERSON YOU REFER GETS $1

USE MY REFERRAL CODE ARAMANDA

If you are planning on saving in Naira this year, then I don’t know if you are okay o!

Naira is falling everyday and if you keep saving in Naira your money will keep losing value. So what’s the simple solution? SAVE IN DOLLARS.

How do you save in dollars? Good question, use this app called XEND FINANCE.

With XEND FINANCE, you can convert your Naira to dollars and save it on the app. The app gives up to 15% annual percentage yield (calculated and paid daily) on your savings.
And you don’t need plenty money to start saving, you can start saving with as little as N3,000.

You can withdraw your money at anytime and when you want to withdraw, you will withdraw at the current rate of the dollar!

The app is available on iPhone and Android. Download it, check it out and let’s talk about it

Apple - https://apps.apple.com/ng/app/xend-finance/id1587050825

Android - https://play.google.com/store/apps/details?id=com.xendmobile

Smart idea boss

joeytrib:
Be like say I go take loan from fairmoney to do investment on fairmoney.

Yes nah, open your eye, read the post very well you will see that fair money is more than that sef

Ramzyranks:
OP are you saying we can now use fair money to save and transfer money. This one choke o

Who be the people wey sabi road?

kingcolearchive:
Na just one installment remain and they are threatening you? How you sef go borrow from loan sharks on facebook. Next time follow people wey know road.

FairMoney showed me love last week. I won shopping voucher from them

sexyshola1218:
Techboss do the giveaway reach here o, i have been using Fair money because of you and i like the experience

Stories like this dey always bust my brain. Why you go dey invade into my privacy? why will you be sending slanderous messages to my contacts? Why you go dey assassinate my character? This was why i jumped ship to Fair money early this year, the fairmoney experience has been wonderful so far.

SilverSnow:
These loan companies na wa o. I have used XCredit for a while and I have never defaulted once. Just recently as business nor good I couldn't make a payment yesterday (due date).I contacted them this morning and asked for a grace period and to allow me pay in installments with penalty fees which they have already started adding. Just 5 hours later, they have started calling my contacts and sending slanderous messages to others. Omo, I nor pay again. The T&C's says if you default they charge u penalty fees. Instead of doing that, you invade my privacy and embarrassed me publicly for defaulting by just one day. Omo, na court we go settle am if you want still collect your money...

This one is new o. get video evidence from play store that you are unable to find the app.

But in case of next time please use known digital banks like fair money, kuda, etc

siyeke2023:
Hello nairalanders,

A loan app send me a mail that i have been served. I tried paying back, but i couldn't find the app on play store.

But i am weary of the supposed attached letter, as its a bit shoddy.

Kindly advise.

Every human has fundamental human right but that does not also mean that people should intentionally disappear with loans they took. I am against character assassination too and I will not even try getting loan from any source. There are still a few good ones out there FairMoney, Carbon, dole, branch. Etc.

terrypartners:
Before trolling anyone online you need to be thoughtful.

Probably you work for one of the online loan app coys.

Every offender and persecution have rights

This is the most infantile, ignorant, imbecilic and simpleton response so far.

Every debtor and creditor has fundamental rights

I really hope you are able to sort it out today. But just in case of next time, use verified loan platforms that will not blackmail and threaten your character. It was on Nairaland that someone told me about fairmoney and carbon and I tried using one of them and I dey enjoy am like this

Number2:
My prayer is just to overcome this one. If I am able to pay up, I'll never borrow a dime from this people again

It's expiring today.

Let me see what they intend doing

1. Fair money
2. Carbon
3. RenMoney

bigboychukstar:
Make una recommend good loan platforms for me please.

fair money is a very good loan app. They have a very outstanding customer care too.

bigboychukstar:
There should be a way to sue those stupid people sha cause how you go dey threaten me untop money wey I go still pay. Abeg, is FairMoney really good?

Tabithatim:
Come and see o! A particular loan app in this Nigeria has been threatening me over a loan that isn’t due, out of 6 instalments I’ve paid 3 and now just some hours after the 3rd instalment is to be paid they’ve started sending me threatening messages and even had the guts to contact people on my contact list that I’m late on my payment. This is so wrong!!

So in July I took out a loan of 150k to pay back in 6 months, they gave me their rules and how I’ll pay it (make I no even talk the big interest rate way dem give me, that one one na topic for anoda day). After confirming my loan on the 2nd of July, it took 4 days for the money to reflect in my account after many stories and mails to them. Can you imagine that these guys have been debiting me on the 2nd of every month claiming that’s when my loan was approved and it’s from my end there was a delay. That’s so unprofessional and mean! I’ve tried to speak with someone on their end but nothing…they’re just speaking English. I don’t know how to report them. Now they’re threatening me even though they’re the ones at wrong.

Most of these loan companies don't care about you or your reputation o. They will promise you heaven & earth everything join with sweet words, they will trick you with social media ads only to lure you in and torture you.

I just tire. I’m soooo pained that I even had to take a loan in the first place and this is what they’re putting a customer through. Na only to dey dirty people name them sabi all these loan apps are one kind and maybe even fraudulent cause not only is their interest rates too high, they shouldn’t be allowed to threaten people at all even if they’ve missed a payment date; it’s just wrong. Is this how all loan apps are? What can I do? I heard FairMoney and some other loan apps are better?

Use licensed loan companies, the fair money you mentioned has CBN approval to carry out transactions so they cannot even do anyhow.

I legit believe FairMoney is trying their best to make sure that everybody gets access to loans

greychris:
Omo it is actually a very sad story. I try so hard to let people know about platforms they can borrow money from with less interest rate. FairMoney is the best out there at the moment

But also note that Fairmoney is the best loan company with the best interest rate

Moreign001:


Now listen, one of the ways to get rich, I mean very rich is by taking loans. Not this kind of Soko loan, fair money and others...

When you have a business idea, and you weight the possibility of it striving real good, take a good loan and invest on it.
But also note, this is one of the ways you can be indebted for life!

I tell am make he download Fairmoney he no hear use Fairmoney to to take sure loans

techboss1313:
Why you sef borrow from yeye Loan company, use correct platforms to borrow Money you can use Fairmoney platform make you dey alright