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XBE Hive simplifies the offering for users of decentralized, institutional, and retail finance by increasing the liquidity rewards of $ 20 billion or more currently used in cutting-edge decentralized financial protocols such as Curve and Convex.
To prepare for its traditional financial offering, the community has approved a public bug award following a recent audit by Peckshield, as it will begin alpha testing for the XBE Hive product.
Curve and convex yield protocol
Curve.fi and Convex finance have fundamentally changed the way decentralized finance yield mechanisms work by offering big rewards for liquidity providers on stable coins and other tokens – with approximately $ 20 billion in total locked value (TVL). This is why XBE.finance decided to build its products using Curve.fi and Convex Finance as the foundation for its protocol.
XB Hive further develops this concept of complementary yield to further enhance rewards. All the user needs to do is hand over their Curve Liquidity Provider tokens to XB Hive, and he will add his reward tokens (in the form of XBE tokens) on top of what Convex and Curve already offer – increasing the return of any Twist liquidity invested in XB Hive to some of the highest levels for users in the world!
DeFi testers will engage in smart contracts and experiment with all the protocol capabilities built on Curve.fi and Convexfinance.com via the alpha application user interface.
How about XBE Hive?
XBE Hive is a key feature of the XBE protocol that generates returns for both DeFi and TradFi users. Users who understand the Curve and Convex function will allocate their capital to the XBE protocol, which will then implement it in Convex and Curve on their behalf. They will also be able to invest their incentives as mentioned earlier to receive more rewards in the form of fees for XBE, cvxCRV and 3CRV, thanks to a focus on complementary returns.
To give you a better understanding, XBE Hive is designed to provide more innovative rewards to attendees. By laying liquidity in Curve and Convex, consumers can simplify their exposure to a single denomination of assets (such as USD, or EUR, or ETH) to reduce their exposure to price volatility to their liquidity associated with traditional agricultural yield services.
In addition to attracting heavily involved DeFi users, one of XBE Hive’s key focuses is to provide a regulatory-compliant onramp for fiat in DeFi to enable traditional financial customers to run their liquidity. XBE Hive has teamed up with regulatory-compliant fiat partners around the world to ensure that money input is compliant, transparent and with full real-time solvency reports available on the chain. Hive will support deposits in USD, EUR and ETH after the launch, followed by even more offers.
Start the Bug Bounty program
A big step forward for the XBE Protocol is community approval to propose a bug reward of $ 500,000 in XBE rewards.
Several renowned white hat communities have been hired, and along with active researchers already in the XBE community, the award program attracts a powerful team to test new contracts in the community.
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