xSigma Prepares to Launch Its Stablecoin DEX With Major Backers – Press release Bitcoin News
PRESS RELEASE. xSigma is a decentralized exchange and liquidity mining platform that supports stablecoin swaps. It enables dollar-pegged assets to be traded onchain with minimal slippage and lower fees than existing AMMs.
The project is gearing up for its public launch, when early adopters will have the opportunity to earn rewards for providing liquidity and traders can execute swaps in a highly liquid environment.
Backed by a NASDAQ-listed company, and developed by an experienced team that includes former Google engineers, xSigma has secured the support of several high profile figures. These include NBA star Dwight Howard, who has committed to participating in the xSigma launch as an early liquidity provider (LP).
Expectations are high ahead of xSigma’s debut, with a sizable community forming on Telegram, aided by extensive media coverage that has fueled interest in the decentralized exchange. The launch of xSigma coincides with the total value locked into defi protocols surpassing an all-time high of over $40 billion.
As the defi market accelerates, pulling thousands of new users and billions of dollars into its orbit, final preparations are being laid for the launch of xSigma. The deployment of the decentralized exchange could hardly come at a more favorable time: while interest in defi is at an all-time high, so are complaints from DEX traders, frustrated by the poor user experience.
While xSigma can’t fix all of these pain points — Ethereum’s network fees are beyond its purview — it can deliver a more pleasurable and profitable trading experience for its users. And that’s exactly what the team promises to do when xSigma debuts this month.
xSigma Lab Team: “Finally, the news you have all been wanting to hear: we’re pleased to confirm that the launch date for xSigma will be February 24. For everyone who’s on our mailing list, look out for an email dropping soon containing a link to our Resource Center where you can access guides and FAQs to help you master xSigma.
xSigma has been a long time in the making, and we’re grateful to our community and our backers for supporting us while we perfected our DEX. The wait is almost over and we promise you won’t be disappointed.”
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