Nasdaq – Support – DEFI News -2023

Nasdaq – Support – DEFI News -2023

cryptocurrency news

We will talk about: XSigmathis is Stable coin exchangeIt is scheduled to be released soon, Better UI Better liquidity provider rewards and better fees for each user.

Please keep in mind that this site is for educational information purposes only. I am not a registered financial advisor. I do not know What will the price of this coin be tomorrow? And so do you.

In other words, let’s take this opportunity to learn. Let’s get started. Who is this listed company? NasdaqThat’s what’s behind the project. Their names are: zk international Is the group with the public ticker zk an engineering slash manufacturing company?

Specifically, zk international group, The company, a design engineer manufacturer and supplier of patented, high-performance stainless steel and carbon steel pipe products primarily used in water and gas supplies, actually acquired its wholly-owned subsidiary at the end of last year. XSigma corporation, xsigma launches decentralized finance protocol.

So this company is already well established. DeFi Now they are jumping into their own. DeFi Protocol, what problem are they trying to solve, what are the goals they are trying to deliver? A new level of transparency and legitimacy for decentralized finance blockchain-based smart contracts.

So, according to them, there is too much money, but there is also too much value being invested right now. DeFi People see potential. People see an opportunity in decentralized finance. At the same time, we are still in the wild west of space. Is there a bug in your code?

Because it is an anonymous development team, there may be many barriers to entry. And that’s a potential opportunity we could see when Zika International launches its own DeFi protocol, which would allow them to merge traditional finance like theirs into the DeFi world, as they said in their press release. XSigma
Public support for a world-class development team aims to bring a new level of transparency, accountability, and legitimacy to the DeFi sector through Zk International. XSigma It could help bridge the gap between the booming cryptocurrency DeFi sector and the capabilities of the five more established platforms trading financial platforms.

The result is a solution that combines the best of both worlds. It is important to note that the combination of Defi’s trustless design and the functionality of traditional finance has made Zika International a reality. XSigma In 2018, its mission was to explore new opportunities in smart contracts, supply chain management, and other blockchain-based solutions as a research and development laboratory to solve real-world infrastructure problems.

from then, xsigma has since transitioned into decentralized finance, focusing on decentralized exchanges, stablecoins, and lending protocols. The ultimate goal is to build a diverse set of financial tools and products for a thriving decentralized finance industry. zk international
Simply put.

Now let’s talk about the team. First, with CTO Alex Lebed, a former engineer. Facebook, Amazon and 1inch decentralized exchange; All of this information is publicly available again on LinkedIn.

Alex is currently the Chief Technology Officer at xsigma., one of his previous jobs? Here is the 1 inch software engineer and his full ancestry. Let’s keep going.

There is also Kemal, the head of research. XSigma, formerly an engineer at Google, is a Harvard graduate and was named one of Forbes’ 30 Under 30. This is a huge deal. To learn more about the team, check out their website: I would like to highlight the former, Jesse Brahmer. Ripple’s chief engineer left Ripple. And now I’ve joined XSigma team.

According to a press release, Before joining xsigma, Jesse Bronner was a senior software engineer at Ripple Labs.At the company behind XRP, he helped scale the on-demand liquidity product from a proof-of-concept to a platform, supporting multiple fiat currencies, and processing $500 million worth of XRP each month.

So obviously nothing is a sure thing when it comes to cryptocurrencies, but teams like this have experience with pedigree. This is what I want to see. So what is it? XSigmaScheduled to be released soon Stable coin exchange Publicly supported liquidity mining platform nasdaq company, and the purpose they are trying to differentiate from what I understand is that they are trying to provide better incentives for liquidity providers, lower fees, cheaper transactions for their customers. So let’s take a closer look at this. usually, XSigma
There are two main elements: swapping and staking, which is actually farming. So what is it? XSigma code.

XSigma A decentralized stablecoin exchange targeting clean UI exchange subsidies and liquidity mining programs. Ethereum blockchain.

So I believe this is an ERC 20 token and seeing as it is built it is being played to work within ERC 20. Ethereum ecosystem. XSigma It builds on the curve slash redirection mechanism with the aim of improving it. Firstly, it is designed with a lower fee structure and you will notice that traditionally these token swaps require buyers and sellers to create liquidity. xsigma defi protocol Automatically creates markets, in short: XSigma The protocol aims to be a more complete version of other DeFi platforms, especially for customers as well as liquidity providers.

Therefore, the lower fees for trading customers of 4% are passed on to liquidity providers. interesting. Also, how are you incentivizing LPs? Well, as they say, double the rewards and double the fun. If you choose to board and become an early LP XSigma Liquidity providers receive 2x rewards in the first week and 1.5 additional rewards in the second week, and we actually aim to provide the best incentive for those LPs.

Therefore, 60% of total SIG tokens are allocated to liquidity providers, 30% to R&D, and 10% to growth funds. So 60% goes to that LP and future token issuance is controlled by the LP. XSigma Dow, its people, and those who hold the tokens ensure that SIG tokens are used to optimize and expand the ecosystem. Very interesting stuff. If you are an LP for another protocol, please leave a comment below. Please let me know your thoughts on this. So check it out white book. Most cryptocurrency exchanges charge a fee of up to 3% on trading volume. XSigma Point 2 accounts for 4%, so it’s better for clients to cut to better writers and dig deeper.

What is the utility of the token? Well, it’s a governance token. XSigma Keep in mind that the governance token is called SIG and has no intrinsic value. This is just to give the community the power to help vote on governance, another utility of the token is that the fees generated by the exchange can be charged as part of every dex. So the holder becomes part of the fee and they have a very detailed white paper. I’ll link it in the description below. Check it. Okay, I see. XSigma In short, please write your thoughts below.

The biggest risk is that this is a new protocol and there are many possibilities. However, you need to check whether the liquidity provider comes to the exchange and for how long. I’ll link this below and give me an idea like oh.