To realize its vision of becoming a leading lending platform in the category of stablecoins, xDollar has announced a partnership with Kyber, one of the most preferred programs in the domain of liquidity mining. The motivation behind this collaboration is the intent of xDollar to democratize the DeFi space by making this facility available across different blockchains by the year 2030.
This partnership will result in a joint marketing campaign that will be planned and executed by both organizations. During this campaign, liquidity providers to the pool of xUSD-USDC will get LP tokens that can be later staked for winning attractive rewards. xDollar is also inclined to develop a POAP as part of this campaign as its previous POAP campaigns have found tremendous favor with the target audience.
As per the plan, the top 420 users of xUSD-DAI LP will get an opportunity to claim POAP once the period of farm yielding is over. These users will also become eligible for the POAP raffle, in which 42 supporters will get an additional opportunity to win special rewards after the completion of the yield farming period.
Many distinctive competencies make xDollar an ideal candidate for liquidity mining on Kyber. The platform is known for its innovative approach to exploration, high trading volumes, and low trading costs. In addition, xUSD-DAI LP has been consistently ranked among the top trading pairs on KyberDMM, a business case that further lends weight to this association. Also, the community of xDollar is growing steadily, and its products are being used across the globe by hundreds of users. All these capabilities make the partnership between xDollar and Kyber an ideal combination that can transform the face of the DeFi domain. Experts and analysts in the domain of crypto and DeFi are eagerly waiting for this association to manifest to gauge the reaction of users to this collaboration.