Launch of Xend Finance (XEND) Pre-Staking with 15% Est. APR

Dear Users,

To support the ongoing growth of Xend Finance (XEND), AscendEX has launched XEND Pre-Staking Program. AscendEX users can get an exclusive first look at XEND token open-staking and have a great chance to earn 15% est. APR. Details are as follows:

XEND Pre-Staking

Token	XEND
Est. APR	15%
Minimum Delegation Amount	3 XEND
Maximum Delegation Amount	None
Minimum Staking Period	Unstake anytime
Reward Calculation Starting Time	T+1 Day
Reward Distribution Starting Time	T+2 Day
Reward Distribution Cycle	Every Day
Regular Unbonding Period	14 Days
Instant Unbonding	Supported
Instant Unbonding Fee	2%
Minimum Undelegation Amount	3 XEND
Staked Assets as Margin Collateral	Not Available Now
Compound Mode	Supported

PC: Click here to participate in XEND Pre-Staking

App: Click [Staking] on the homepage to participate.

This program is different from traditional airdrops or deposit rewards. Under the pre-staking program, AscendEX users will be required to lock up tokens in order to earn rewards, the same as with official on-chain staking. Also, users have the flexibility to unstake anytime, which is different from term-deposits. While unstaking requires an unbonding period, AscendEX offers an instant unbonding service that allows users to claim back staked tokens immediately at a small price.

We truly appreciate your continued support.

 AscendEX Team

April 5, 2021

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