{"id":7892,"date":"2025-01-15T20:01:52","date_gmt":"2025-01-15T20:01:52","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=7892"},"modified":"2025-01-15T20:01:52","modified_gmt":"2025-01-15T20:01:52","slug":"rwa-powerhouse-credefi-with-a-major-announcement","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=7892","title":{"rendered":"RWA Powerhouse Credefi With a Major Announcement"},"content":{"rendered":"<div>\n<p>One of the more popular centralized cryptocurrency exchanges, BingX, has announced the official listing of xCREDI on its spot trading platform.<\/p>\n<p>As part of its listing campaign, the teams at Credefi Finance and BingX have also announced a massive trading competition where users can win up to 80,000 in xCREDI.<\/p>\n<p>But what\u2019s all the fuss about?<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">A smarter way to lend. <a href=\"https:\/\/twitter.com\/search?q=%24XCREDI&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">$XCREDI<\/a> is now trading on BingX Spot\u2014where <a href=\"https:\/\/twitter.com\/hashtag\/TradFi?src=hash&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">#TradFi<\/a> evolves into <a href=\"https:\/\/twitter.com\/hashtag\/DeFi?src=hash&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">#DeFi<\/a>. <a href=\"https:\/\/twitter.com\/credefi_finance?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">@credefi_finance<\/a> <\/p>\n<p>Join the XCREDI Listing Carnival, Share 80,000 <a href=\"https:\/\/twitter.com\/search?q=%24XCREDI&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">$XCREDI<\/a> Reward Pool.<\/p>\n<p>Event Details: <a href=\"https:\/\/t.co\/Wku3LqwYP0\" data-wpel-link=\"external\" target=\"_blank\">https:\/\/t.co\/Wku3LqwYP0<\/a><br \/>\nListing Details: <a href=\"https:\/\/t.co\/3wZ76imKqi\" data-wpel-link=\"external\" target=\"_blank\">https:\/\/t.co\/3wZ76imKqi<\/a> <a href=\"https:\/\/t.co\/GvZupesUqS\" data-wpel-link=\"external\" target=\"_blank\">pic.twitter.com\/GvZupesUqS<\/a><\/p>\n<p>\u2014 BingX (@BingXOfficial) <a href=\"https:\/\/twitter.com\/BingXOfficial\/status\/1879515893627224554?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">January 15, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>Understanding xCREDI: The Cornerstone of Credefi\u2019s Ecosystem<\/h2>\n<p>Within the broader <a href=\"https:\/\/www.credefi.finance\/\" data-wpel-link=\"external\" target=\"_blank\">Credefi<\/a> ecosystem, the xCREDI token plays a critical role. It\u2019s purpose is to function as a deflationary, governance, and liquidity token. As such, it operates alongside the protocol\u2019s primary token \u2013 CREDI. However, it offers some unique utilities and long-term value to participants that are only attributable to it. In the following lines, let\u2019s try to break down the relationship between CREDI and xCREDI and where its long-term potential may be found.<\/p>\n<h2>The Key Differences Between CREDI and xCREDI<\/h2>\n<p>In a nutshell, CREDI is the main utility token within the entire Credefi ecosystem. It is the one powering basic functionalities such as lending, staking, and collateralization.<\/p>\n<p>On the other hand, xCREDI is a token with a variable supply that\u2019s obtained by burning CREDI. It offers advanced utilities, which include participation in governance and revenue sharing, while also introducing a deflationary mechanic to the ecosystem.<\/p>\n<p>Both tokens are designed in a way that complements each other. That\u2019s because CREDI serves as the foundation, while XCREDI is a more exclusive asset that\u2019s tied to the platform\u2019s long-term growth.<\/p>\n<h2>Obtaining xCREDI<\/h2>\n<p>There are a couple of ways to obtain xCREDI:<\/p>\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Conversion from CREDI<\/b><span style=\"font-weight: 400;\">:<\/span>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Users can convert CREDI to xCREDI through the <\/span><b>Credefi Security Module<\/b><span style=\"font-weight: 400;\">.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">CREDI deposited into the module is burned, and xCREDI is minted at a rate determined by a bonding curve. This means the more xCREDI is minted, the higher the cost for subsequent conversions, introducing scarcity. <\/span><strong><i>Example<\/i><\/strong><span style=\"font-weight: 400;\">: Deposit 1,000 CREDI at a 1:1 rate to receive 100 xCREDI per month for 10 months.<\/span><\/li>\n<\/ul>\n<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Direct Purchase<\/b><span style=\"font-weight: 400;\">:<\/span>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">xCREDI can also be bought on Decentralized Exchanges (DEXs) or Centralized Exchanges (CEXs), offering an alternative for users who prefer not to burn CREDI.<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ol>\n<h2>xCREDI\u2019s Long-Term Potential<\/h2>\n<p>As we mentioned in the beginning, xCREDI is designed to be a value-accruing asset that\u2019s also deflationary. This is what\u2019s supposed to make it an attractive long-term investment.<\/p>\n<p>To digest:<\/p>\n<p>xCREDI gives its holders a voice in shaping the future of Credefi by participating in its governance model. They can vote on platform upgrades, strategic decisions, and new features.<\/p>\n<p>Apart from that, there\u2019s a revenue-sharing program that also involves a buyback. In essence, a portion of all fees and interest earned on the Credefi platform is allocated to a buyback and liquidity provision program. This also has a deflationary impact because the purchased tokens from the xCREDI\/USDT liquidity pool are burned, reducing the xCREDI supply over time in a bid to increase its value. And ultimately, as the platform and revenues increase, so will the demand for xCREDI.<\/p>\n<p>Going forward, <span style=\"font-weight: 400;\">xCREDI holders can provide liquidity to the xCREDI\/USDT (or DAI) pair on DEXs like UniSwap:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Earn trading fees.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Stake LP tokens in the Credefi Security Module for additional CREDI rewards.<\/span><\/li>\n<\/ul>\n<p>Last but not least, t<span style=\"font-weight: 400;\">he conversion from CREDI to xCREDI follows a bonding curve model. Early adopters benefit from lower conversion rates, while latecomers pay higher rates, creating a natural incentive for early participation.<\/span><\/p>\n<h2>How to Swap Between CREDI and xCREDI?<\/h2>\n<p>The process is relatively simple:<\/p>\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Deposit CREDI<\/b><span style=\"font-weight: 400;\">: Users deposit CREDI into the Security Module.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Burn &amp; Mint<\/b><span style=\"font-weight: 400;\">: Deposited CREDI is burned, and xCREDI is minted in return.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Gradual Conversion<\/b><span style=\"font-weight: 400;\">: Conversion occurs over time (e.g., 100 xCREDI per month for 10 months from a 1,000 CREDI deposit).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Usability of Remaining CREDI<\/b>: Until fully converted, the unminted portion of CREDI remains usable by the security module for system stability.<\/li>\n<\/ol>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/rwa-powerhouse-credefi-with-a-major-announcement\/\" rel=\"nofollow\">RWA Powerhouse Credefi With a Major Announcement<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>One of the more popular centralized cryptocurrency exchanges, BingX, has announced the official listing of xCREDI on its spot trading platform. As part of its listing campaign, the teams at Credefi Finance and BingX have also announced a massive trading competition where users can win up to 80,000 in xCREDI. But what\u2019s all the fuss [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-7892","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/7892","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7892"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/7892\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7892"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7892"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7892"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}