FAQ

What is Xena Finance?

Xena Finance is a fully decentralized and non-custodial trading platform that revolutionizes the way liquidity providers manage their risk.

Is XENA a decentralized exchange (DEX)?

XENA is an on-chain, non-custodial, frictionless, and permissionless DEX! As a DEX, XENA operates without a centralized authority, eliminating entry barriers through permissionless smart contracts. DEXs reduce the risk of price manipulation, as well as exploits and theft as crypto assets are never in the custody of the exchange itself.

Do I need to complete KYC to operate Xena Finance?

No KYC is required to operate Xena Finance Platform.

Where can I get XEN Token?

You will be able to purchase Xen tokens directly from the Xena Finance DEX platform.

Where can I get xXEN?

xXEN Serves as a governance token for Xena Finance Platform and can only be obtained over time by staking XEN tokens For more information check xXEN Governance Token.

Where can I check rewards from my XLP?

Staked XLP tokens auto-compound fees into the XLP itself, increasing the assets within the XLP and thus the price. The higher the XLP price, the higher the value of your XLP assets will be! You also receive XEN rewards for providing liquidity as an XLP. These can be claimed on the XLP page.

I provided liquidity to the XEN/ETH LP, where do the rewards come from? Can I stake this LP to earn additional rewards?

When you create a liquidity pool position on Sushiswap V2, you are providing liquidity for the XEN/ETH spot market enabling people to swap XEN tokens. When a user swaps between tokens in this pool, a trading fee is taken from them, a part of which is distributed to liquidity providers according to their share of the pool. LP tokens from Sushiswap V2 can then be staked or locked to earn additional rewards, either at XENA to earn XEN or at Sushiswap to earn SUSHI.

Where can I find historical prices for the XENA pool XLP?

Historical price data for XLP can be found here: https://app.xena.finance/liquidity/xlp

Is there a Dune dashboard for XENA?

There are several Dune dashboards that monitor the entire XENA ecosystem.

https://dune.com/xena/analytics

Can I set a Stop Loss or Take Profit when I am leverage trading on XENA?

Yes! To do so, you can either create a market order position or a limit order position, once your position has been executed, you will be able to define your stop loss or take profit. For more details, check the Leverage guide.

In what ways does XENA plan to attract more liquidity to the platform?

On top of directing protocol revenue to liquidity providers (LPs), additional incentives in the form of XEN & xXEN tokens are also distributed. Looking forward, XENA plans to create a multi-chain liquidity aggregator collecting fragmented liquidity across various ecosystems to represent a unified pool, for users to trade, swap and borrow against.

How can I track my XLP over time?

Enter your wallet address here: (upcoming)

How can I track all my activities on XENA?

Enter your wallet address here: (upcoming)