What Is XFai** **(XFIT)?
XFai is a new breed of Decentralized Exchange launching across EVM chains with a new double weighted constant market maker design, backed by AU21 Capital, Rarestone Capital, Moonwhale, Tokenomik, LD Capital, TDeFi, Fission Capital, Kyros Ventures and Vendetta Capital.
XFai solves the problem of fragmented liquidity, with singular token pools for assets, meaning concentrated liquidity. XFai's design means that every token is immediately swappable with every other token in a single hop swap with minimal slippage, which means better price discovery for long tail tokens, better swaps for all tokens & better returns for stakers & LPs.
The token for XFai is $XFIT - which can be staked in XFai's revolutionary Infinity Staking program, which enables stakers to earn fees from swaps that happen on XFai, granting stakers passive income in the form of ETH, USDT, USDC + every other token that is traded on the exchange. When $XFIT is staked into the Infinity Staking program, it is burned forever, creating a deflationary token economy.