The global crypto market cap is $ with a 24-hour volume of $. The price of Bitcoin is $23,774.25 and BTC market dominance is %. The price of Ethereum is $1,709.02 and ETH market dominance is %. The best performing cryptoasset sector is Cannabis, which gained 56%.

The Right Place to Buy, Earn, Exchange and Borrow against Your Crypto.

XBE Hive is the XBE protocol's key feature that generates yields for both DeFi and TradFi users

Cover art/illustration via CryptoSlate

Disclosure: This is a sponsored post. Readers should conduct further research prior to taking any actions. Learn more ›

The XBE Hive simplifies yield for Decentralised, Institutional, and Retail Finance users by increasing rewards for the $20 billion or more in liquidity presently deployed in top decentralized finance protocols such as Curve and Convex.  

To prepare for their traditional finance offering, the community has approved a public bug bounty following a recent audit by Peckshield, as alpha testing is about to start for the XBE Hive product.  

Curve.fi and Convex finance have fundamentally changed how Decentralised Finance yield mechanisms work by offering great rewards for liquidity providers on stable coins and other tokens – with approximately 20bn USD in total value locked (TVL). This is why XBE.finance has chosen to build out its products using Curve.fi and Convex Finance as a foundation for its protocol.   

The XB Hive product is taking this concept of complementary yield further to improve rewards even more. All a user needs to do is commit their Curve Liquidity Provider tokens to the XB Hive, and it will add its own token rewards (in the form of the XBE token) on top of what Convex and Curve already offers – amplifying the yield of any Curve liquidity staked in the XB Hive to some of the highest levels for users around!  

DeFi testers will engage with smart contracts and experiment with all of the protocol’s capabilities built on top of Curve.fi and Convexfinance.com via the alpha app user interface.    

XBE Hive is the XBE protocol’s key feature that generates yields for both DeFi and TradFi users. Users who understand the Curve and Convex function will deploy their capital into the XBE protocol, which will then deploy it in Convex and Curve on their behalf. They will also be able to stake their incentives as mentioned earlier to gain more rewards in the form of XBE, cvxCRV, and 3CRV fees, thanks to the focus on complementing yield.   

To give you a better understanding, the XBE Hive is designed to provide more innovative rewards to participants. By depositing liquidity in Curve and Convex, consumers can simplify their exposure to a single denomination of asset (such as USD, or EUR, or ETH) to reduce their exposure to price volatility on their liquidity associated with traditional yield farming services.    

Besides attracting the heavily involved DeFi users, one of the core focuses of the XBE Hive is to provide a regulatory compliant onramp for fiat into DeFi to allow traditional finance users to put their liquidity to work. The XBE Hive has partnered with regulatory compliant fiat partners worldwide, ensuring that money onboarding is respectful, transparent, and with complete real-time solvency reports available on-chain. The Hive will support USD, EUR, and ETH deposits on launch, with more offerings to follow.   

A great step forward for the XBE Protocol is the community approval of a bug bounty proposal for $500,000 in XBE Rewards.   

Several reputable white hat communities are being engaged, and together with active researchers already in the XBE community, the bounty program is attracting a formidable team to do community vetting of the new contracts.   

Follow XBE on  https://t.me/xbefinance  or  https://twitter.com/XBEfinance , or visit  https://easy.xbe.finance .  

Become a member of CryptoSlate Edge and access our exclusive Discord community, more exclusive content and analysis.

Commitment to Transparency: The author of this article is invested and/or has an interest in one or more assets discussed in this post. CryptoSlate does not endorse any project or asset that may be mentioned or linked to in this article. Please take that into consideration when evaluating the content within this article.

Disclaimer: Our writers' opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.

Got a story tip? Email [email protected]

Disclaimer: By using this website, you agree to our Terms and Conditions and Privacy Policy. CryptoSlate has no affiliation or relationship with any coin, business, project or event unless explicitly stated otherwise. CryptoSlate is only an informational website that provides news about coins, blockchain companies, blockchain products and blockchain events. None of the information you read on CryptoSlate should be taken as investment advice. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own diligence before making any investment decisions. CryptoSlate is not accountable, directly or indirectly, for any damage or loss incurred, alleged or otherwise, in connection to the use or reliance of any content you read on the site.

© 2022 CryptoSlate. All rights reserved. Terms | Privacy

Please add "[email protected]" to your email whitelist.