Bringing Futures Trading to the Flare Network with XDFI

Introduction

We’re excited to announce that XDFI, a cutting-edge futures trading protocol, has joined our growth sprints. Partnered with Flare, XDFI is set to launch their beta and mainnet protocols, bringing innovative futures trading to the Flare Network.

A Little Introduction to XDFI

The XDFI Protocol is the world’s first futures contracts protocol designed to be 100% regulatory compliant, non-custodial, and decentralized for all settlements. Unlike other platforms, XDFI eliminates counterparty risk for assets used to purchase futures contracts. All asset contracts are represented as on-chain smart contracts on the Flare Network, settling exclusively through the decentralized Flare Time Series Oracle (FTSO) system.

Developed by Sindric Solutions, a US-based team with decades of experience on Wall Street, XDFI aims to revolutionize the futures trading landscape.

Why Did Magnet Decide to Work with XDFI?

Earlier this week, we announced our partnership with Flare, the EVM Layer-1 blockchain building the blockchain for data. Flare partnered with XDFI earlier this year and introduced us to the XDFI team. The Magnet team immediately saw the potential of what XDFI is building. Having previously worked with Flare to launch the innovative Web3 Edtech startup Uppercent, we have a strong understanding of the Flare blockchain and its community. With this background, supporting XDFI in bringing futures trading to Flare was a clear choice.

What Our Growth Sprint Will Consist Of

The goal of the growth sprint is to help XDFI successfully launch their Beta and Mainnet versions. Here’s how we’re doing it:

1. Marketing-led Growth Strategy: Designing a strategy to identify key awareness channels for XDFI
2. Building Acquisition Offers & Conversion Funnels: Developing effective offers and funnels for their launches
3. Implementing Awareness Opportunities: Executing the identified marketing strategies.
4. Community-led Growth: Creating strong community foundations and hacking growth through community engagement.

Most web3 go-to-market strategies focus on awareness and acquisition, and XDFI is no different. We will also help build and nurture their community to ensure sustainable growth.

Final Thoughts

XDFI is an incredible team of talented developers dedicated to adding value to the Flare community. We’re thrilled to be part of their journey and look forward to seeing their continued success.

If you’re bringing an innovative web3 product to market, consider joining our studio. Although our growth sprints aren’t publicly open, our studio is.

Start your application here: Magnet Studio.

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