SpiderDAO announces LaU (Liquidity as Utility) program with XFai and will join DLO (DEX Liquidity Oracle) Partnership
April 29th 2021. SpiderDAO is delighted to announce a wide-ranging partnership with XFai to bring our LaU (Liquidity as Utility) program to their community as well as committing to join their revolutionary DLO (Dex Liquidity Oracle) program once deployed.
XFai is blazing a unique path through the DeFi world with its revolutionary DLO program which aims to bring fairness and benefits to a much wider variety of token holders that is currently only enjoyed by “large-cap” token holders such as BTC and ETH.
XFai’s aim is to bring a suite of benefits to small and mid-cap tokens using their “one-click” liquidity farming program. Their DLO brings many advantages for farming participants like minimum price slippage, increased APY dripped from the collected transaction fees on a DEX such as Uniswap, and wider price discovery.
Their DLO uses “benevolent arbitrage” to take the arbitrage profits out of the CEX/DEX pools and effectively give this Impermanent Loss back to the stakers in the form of trading fees in the staked token, this is achieved by automatically adding or removing liquidity based on the price movements derived from their DLO contract.
The SpiderDAO/XFai LaU Partnership
Here at SpiderDAO, we are always looking to provide the very best in privacy solutions and utility for partners and their clients. There is now a unique opportunity for $XFIT holders to fully secure their network connection through FREE access to SpiderDAO’s VPN service.
XFai Quote
“The team at XFai extends its warmest welcome to SpiderDAO as the first member of the XFai DLO Partnership Program and sends its sincerest gratitude for establishing $XFIT compatibility for the SpiderDAO LAU Program. We sincerely look forward to continuing favorable, long-term cooperation and invite all $XFIT token holders to reap the benefits of the SpiderDAO LAU in the future”.
Nathan Varty, CEO of SpiderDAO commented:
“SpiderDAO is delighted to work with XFai as they build out their revolutionary DLO program,”. “We look forward to being able to provide XFai and their clients with industry-leading security and protection of their online privacy, as they help us build liquidity through the future DLO partnership. We are excited to join up with XFai as more and more users access decentralized capital through their excellent program and we look forward to offering a world-class VPN service to further enhance their experience.”
About XFai
XFai develops tooling for the DeFi space, graphing it to build game-changing products. The XFai DLO is set to invite mid and small-cap tokens to start earning APY on their token holdings, while the XFai LGE is set to become industry-first in providing a more efficient, transparent, and fair way for everyone to get involved at an early stage. The LGE for XFai’s native token, XFIT, was launched on 16th April 2021. We invite everyone to join the DeFi revolution, spearheaded by XFai.
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About SpiderDAO
SpiderVPN provides a decentralized router-based VPN service for its users by using a dual-governance model which brings together hardware and software tools with on-chain elements. The team aims to build a new set of standards for Decentralized Autonomous Organisations to counteract the unfair distribution of voting power. Combining hardware safeguards and leveraging the Polkadot consensus mechanism, SpiderDAO establishes a whale-resistant mechanism whilst creating a highly scalable, interoperable and stable governance system.
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