Press release
PRESS RELEASE. xSigma, a decentralized exchange for stablecoin swaps, was successfully launched on the Ethereum network on February 24, 2021.
The integrated DEX and liquidity mining platform xSigma, backed by a NASDAQ-listed company, has seen great interest in their stablecoin liquidity pools, which allow assets to be exchanged seamlessly with minimal slack. Within the xSigma ecosystem, liquidity providers (LPs) receive SIG tokens with a 2x bonus to ensure liquidity for the next 14 days. SIG is the platform’s native utility token with integrated coordination and value creation mechanisms.
XSigma DEX, as of Feb. 28, has pooled $ 150 million in liquidity, and LPs have allocated nearly $ 10 million to SIG. Pools 1 and 2 continue to offer some of the highest returns in defi at 125% and 2700% respectively. DEX volume exceeded $ 700,000 per day.
SIG tokens worth $ 20 million were traded on launch day, and as of March 1, over $ 100 million of stable coins have been pooled, including USDC ($ 40 million), USDT ($ 40 million) and DAI ($ 23 million). The SIG token was also used in important aggregators such as cc and CoinGecko. xSigma was recently integrated into 1inch.exchange, the leading DEX aggregator.
About XSigma
xSigma is a stablecoin DEX backed by a governance token that gives holders the right to determine how the log should be managed. Token holders receive a percentage of all DEX fees, with Team and LP tokens gradually vested for two years to balance the incentives between the platform and its community. xSigma is supported by the parent company ZK International Group, a company listed on NASDAQ.
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