Product Launch, Grant
Xenon Finance is a leveraged yield farming protocol where users can borrow and leverage up their liquidity provider positions and earn higher yields than normal. Xenon Finance will help improve and add liquidity to existing protocols by incentivizing users to leverage their positions. Users can either leverage their existing positions or lend out their funds to borrowers looking to leverage. Users can earn a high yield on their single assets by lending them out for high yields.
We are looking to be a major protocol on the Harmony Blockchain and bring a lot of new users to DeFi and Harmony at the same time. We are currently in the middle of our development and we are likely to deploy a feature-complete product on the testnet in roughly 2 weeks. Xenon Finance is looking to be a Harmony only protocol with no current plans to extend to other blockchains.
We are asking for $50,000 for us to be able to hire more smart contract developers and front end designers to develop our website. We will also use the funds for marketing and advertising to new users. We are currently a team of 3, a manager, a backend developer, and a frontend designer. We need more people and we are hiring.
5,000 Total Transactions
$100,000 Total Value Locked
$1,000,000 Total Value Locked
1,000 Daily active users