PRESS RELEASE. xSigma, a decentralized stablecoin swap exchange, was successfully launched on the Ethereum network on February 24, 2021.
The integrated DEX and liquidity mining platform xSigma, backed by a NASDAQ publicly traded company, has seen keen interest in its stablecoin liquidity pools, allowing assets to be traded seamlessly and with minimal slippage. Within the xSigma ecosystem, liquidity providers (LPs) earn SIG tokens, with a 2x bonus to start up liquidity for the next two weeks. SIG is the platform’s native utility token with built-in voting and value accumulation mechanisms.
$ 150 million in liquidity has been pooled in xSigma DEX (as of Feb. 28) and nearly $ 10 million in SIG has been allocated to LPs. Pool 1 and 2 continue to offer some of the highest returns in the defi space, at 125% and 2,700% respectively. DEX volume has surpassed $ 700,000 per day.
$ 20 million in SIG tokens were traded on launch day and more than $ 100 million in stablecoins have been pooled, consisting of USDC ($ 40 million), USDT ($ 40 million) and DAI ($ 23 million), as of March 1. The SIG token is also listed on major aggregators such as CMC and CoinGeckoXSigma has recently been integrated into 1inch. Exchange, the leading DEX aggregator.
xSigma is a stablecoin DEX powered by a governance token that gives holders the right to determine how to manage the protocol. Token holders receive a percentage of all DEX fees, with team and LP tokens being gradually acquired over two years to match incentives between the platform and its community. xSigma is backed by parent company ZK International Group, a NASDAQ publicly traded company.
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