XFai Launches $XFIT in DeFi’s First Ever Liquidity Generation Event Tech giants back industry-first event set to raise the bar for DeFi oracles April 15, 2021 10:00 ET | Source: XFai XFai Grand Cayman, Cayman Islands, Grand Cayman, Cayman Islands , April 15, 2021 (GLOBE NEWSWIRE) -- Decentralized oracle service provider XFai has launched its Liquidity Generation Event today, the first ever in the DeFi sector of the blockchain and cryptocurrency industry. The new funding model is a progression from the outdated Token Generation Event and will allow participants to add the service’s native $XFIT token to a liquidity pool automatically. This saves participants 75% on gas fees and avoids common issues in the space such as slippage, failed transactions, and impermanent loss.