Fun

xSigma DEX Launch: More Than $100M in Liquidity Pooled on First Day

News Feed - 2021-03-03 06:03:01

xSigma DEX Launch: More Than $100M in Liquidity Pooled on First Day press release


PRESS RELEASE. xSigma, a decentralized exchange for stablecoin swaps, has successfully launched on the Ethereum network on February 24, 2021.


The integrated DEX and liquidity mining platform xSigma, which is backed by a NASDAQ-listed company, has seen great interest in its stablecoin liquidity pools which enable assets to be swapped seamlessly and with minimal slippage. Within the xSigma ecosystem, liquidity providers (LPs) earn SIG tokens, with a 2x bonus to bootstrap liquidity in place for the next fortnight. SIG is the platform’s native utility token with built-in voting and value accrual mechanisms.


$150 million of liquidity has been pooled in xSigma DEX (as of February 28) and almost $10m of SIG has been allocated to LPs. Pool 1 and 2 continue to offer some of the highest yields in the defi space, at 125% and 2700% respectively. DEX volume has surpassed $700k per day.


$20m worth of SIG tokens were traded on launch day and there is over $100 million of stablecoins pooled, comprising USDC ($40m), USDT ($40m) and DAI ($23m), as of 1st March. The SIG token has also been listed on major aggregators such as CMCand CoinGecko. xSigma recently integrated into 1inch.exchange, the leading DEX aggregator.


 


About XSigma


xSigmais a stablecoin DEX powered by a governance token that gives holders the right to determine how the protocol should be managed. Token-holders receive a percentage of all DEX fees, with team and LP tokens vested gradually for two years to align incentives between the platform and its community. xSigma is backed by its parent company ZK International Group, a NASDAQ-listed corporation.


 


This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release. Tezos Ties-Up with Wolfram Blockchain Labs to Simplify Smart Contract Deployment ALTCOINS | 2 hours ago An Ethereum and Web3-Compatible Sidechain Is Coming to Bitcoin Cash TECHNOLOGY | 5 hours ago Tags in this story DEX, Liquidity Pool, xSigma


Image Credits: Shutterstock, Pixabay, Wiki Commons Spot-markets for Bitcoin, Bitcoin Cash, Ripple, Litecoin and more. Start your trading here.

News Feed

Bitcoin Interest-Bearing Accounts Were Conceived Over 10 Years Ago, but the Idea Took 8 Years to Catch On
Bitcoin Interest-Bearing Accounts Were Conceived Over 10 Years Ago, but the Idea Took 8 Years to Catch On While decentralized finance (defi) has created a plethora of protocols tha
FTX, Alameda reaches ‘in principle’ settlement with BlockFi, paying $874M
Brayden Lindrea7 hours agoFTX, Alameda reaches ‘in principle’ settlement with BlockFi, paying $874MThe bankrupt crypto companies have resolved their disputes for nearly $1 billion, which could lead to full recovery f
Celsius Files for Bankruptcy — Regulator Says the Crypto Lender Is ‘Deeply Insolvent’
Celsius Files for Bankruptcy — Regulator Says the Crypto Lender Is "Deeply Insolvent" Another crypto lender, Celsius Network, has sought bankruptcy protection in the U.S. “
Chainlink Whales Accumulate $77 Million LINK Amid Price Correction – Details
Este artículo también está disponible en español. Amid a general market retracement, prominent altcoin Chainlink has recorded a 29.89% price decline from its local market
Social Media Giant Wechat to Support China’s CBDC, Platform Expected to Boost Adoption Rate
Social Media Giant Wechat to Support China"s CBDC, Platform Expected to Boost Adoption Rate China’s social media giant, Wechat has said it will support the digital yuan in a
Tom Mitchelhill8 hours agoAustralian CBDC may be useful for payments, tokenization: Central bankThe Reserve Bank of Australia has wrapped up its CBDC pilot program and outlined four key areas that could be improved by th
Crypto Gambler Wins $75,000 with a $31 Bet on ‘Book of Aztec’ at Bitcoin.com’s Casino
Crypto Gambler Wins $75,000 with a $31 Bet on ‘Book of Aztec’ at Bitcoin.com’s Casino Book of Aztec dishes out a massive round win worth a little under 2 B
Block Sizes Exceeding 3 MB Now Common on Bitcoin Blockchain as Ordinal Inscription Demand Rises
Block Sizes Exceeding 3 MB Now Common on Bitcoin Blockchain as Ordinal Inscription Demand Rises Since Luxor, a bitcoin mining pool, mined a record-setting 3.96 MB block (#774,628)
Bear or bull: Survey reveals 49% are bullish about crypto
Jesse Coghlan7 hours agoBear or bull: Survey reveals 49% are bullish about cryptoA recent CoinGecko survey of 2,500 respondents shows that just under half are currently bullish about crypto, and a quarter haven’t worke
Solana Price Eyes Breakout Toward $143 As Inverse Head/Shoulders Pattern Takes Shape
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Alice Ivey12 hours ago7 YouTube channels to learn machine learningYouTube channels, including Sentdex and Data School, offer in-depth data science and machine learning explorations to enhance data-driven decision-making.
LBank Exchange Will List Dexioprotocol (DEXI) on November 27, 2021
LBank Exchange Will List Dexioprotocol (DEXI) on November 27, 2021 press release PRESS RELEASE. INTERNET CITY, DUBAI, Nov. 25, 2021 – LBank Exchange, a global digital asset t