How it works

Unlocking permissionless finance with a DeFi-native, yield-bearing stablecoin

XI.Finance is a DeFi protocol that is currently the only issuer of the over-collateralized USDi stablecoin, providing a yield-bearing sUSDi (staked USDi) token that accumulates yield from blue-chip stablecoins.

USDi is a new stablecoin layer that restakes other stablecoins as its core, unifying liquidity and increasing the security of the stablecoin industry through the additional layer of abstraction. USDi is fully backed by blue-chip stablecoins (you can read more about this on the transparency page in the app)

Later we will increase efficiency of our restaking mechanics by adding additional product (like an interest free CDP protocol) thus getting an additional yield stream for the protocol and increasing sUSDi APY