xSigma DEX launch: More than $100M in liquidity pooled on first day

March 2, 2021 — xSigma DEX, a decentralized exchange for stablecoin swaps, has successfully launched on the Ethereum network on Feb. 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 that enable assets to be swapped seamlessly and with minimal slippage. Within the xSigma ecosystem, liquidity providers earn SIG tokens with a 2x bonus to bootstrap liquidity on the DEX for the next two weeks. SIG is the platform’s native utility token, which has built-in voting and value accrual mechanisms.

As of Feb. 28, $150 million of liquidity has been pooled in xSigma, and almost $10 million of SIG has been allocated to LPs. Pools 1 and 2 continue to offer some of the highest yields in the DeFi space at 125% and 2,700%, respectively, and the DEX volume has surpassed $700,000 per day.

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

About xSigma DEX

XSigma DEX is 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.

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