XBANKING Savings introduces a new product in decentralized finance allowing users to earn fixed income on stablecoins. The platform offers fixed terms and high rates on deposits, ensuring stable income for users.
Description and Operation of XBANKING Savings
XBANKING Savings operates as a ‘decentralized equivalent of a deposit,’ where users can deposit their stablecoins (USDT or USDC) for a predetermined term. Funds are allocated through smart contracts into income-generating strategies. Users maintain full control of their funds until the term ends, while both the returns and the return of the initial investment are guaranteed.
Mechanisms for High Returns
The XBANKING platform offers yield up to 48% annually on USDT/USDC deposits. This high yield is achieved through the use of complex DeFi strategies including lending, liquidity pools, and other tools. Funds are distributed among carefully selected protocols that are audited and have a long history. The interest accrues daily and will be available to users upon maturity.
Differences from Traditional Staking
XBANKING Savings should not be confused with traditional staking. Unlike the latter, which requires locking volatile tokens, XBANKING Savings utilizes stablecoins with guaranteed returns at a fixed rate. The platform provides transparent conditions without hidden fees and time constraints, making it accessible to a broad audience.
Overall, XBANKING Savings offers an innovative solution for those seeking fixed income on stablecoins. The platform combines a high level of security with transparent income generation conditions, making it appealing to investors in DeFi.
