Xend Finance Guarantor Pool Launched on Tidal Finance, XEND holders can Deposit and Earn!

Guarantor pool acts as a vote of confidence from the protocols for their backers. The higher the allocation to the Guarantor Pool, the higher signal to the market that the protocol has skin in the game.

The Xend Finance guarantor pool is currently open for any $XEND holder to deposit and earn. 5% of Xend Finance’s weekly premium is rewarded to this pool as well as $100 USD TIDAL token. There are 13,325 XEND tokens in the current pool earning over 131% APR in TIDAL and 74% APR in USDC. Lock in your deposit this week to start earning next week! The reward amount is designed to offer ~6% APR for 100k USD in XEND.

Some terms & conditions to highlight regarding the guarantor program:

Benefit: Guarantor pool earns 5% of the cover premium paid for its guaranteed protocol + TIDAL token incentives.

Risk: Under a payout event, 10% of the claimable amount against the token price the day before the hack is distributed to the reserve providers. E.g. 100k USDC total payout amount would result in 10k USD worth of tokens to be paid out to reserve providers.

Withdrawal: withdrawal request will become pending next week, if no guaranteed protocol has any valid claims during the time frame, withdrawal amount will be returned to guarantor’s wallet.

Further details on provide guarantor tokens and risks.