{"id":389804,"date":"2020-11-30T13:11:31","date_gmt":"2020-11-30T18:11:31","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=389804"},"modified":"2020-11-30T13:11:31","modified_gmt":"2020-11-30T18:11:31","slug":"xsigma-introduces-defi-project","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/xsigma-introduces-defi-project\/","title":{"rendered":"xSigma Introduces DeFi Project"},"content":{"rendered":"
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PR Newswire<\/p>\n<\/p><\/div>\n

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WENZHOU, China<\/span>, Nov. 30, 2020<\/span> \/PRNewswire\/ — ZK International Group<\/a>\u00a0and its wholly-owned subsidiary, xSigma Corporation<\/a>, are pleased to announce the official launch of their decentralized finance (DeFi) project. ZK International (Nasdaq: ZKIN) founded xSigma in 2018 as a blockchain research and development lab tasked with solving real-world infrastructure challenges. Its mandate has expanded to all facets of the DeFi ecosystem, including stablecoins, custodial trading, wallet services and cross-chain lending. XSigma plans to become the first blockchain company to launch a unified DeFi ecosystem to promote mass adoption.<\/p>\n

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\n xSigma<\/a>
\n <\/u> is entering the DeFi market during a period of tremendous growth for decentralized exchanges and lending services. Despite its massive growth potential, DeFi faces several challenges that could limit adoption in the long term. A poor user experience, stuck transactions, impermanent loss and inexperienced teams are just some of the major pain points weighing down this nascent industry. <\/p>\n

To combat these challenges, xSigma is excited to announce the launch of its new DeFi project, beginning first with its decentralized stablecoin exchange. The xSigma DEX is designed to capture the true value of decentralized finance without the user experience issues that plague existing protocols. xSigma’s DeFi ecosystem will begin with the launch of its decentralized stablecoin exchange, offering fair farming terms for liquidity providers and an intuitive user interface for users.<\/p>\n

The company’s DeFi protocol features a simple user interface built on top of a sophisticated engine that supports pooling with reduced impermanent loss. It’s the product of several years of research and development by xSigma.<\/p>\n

Following the successful launch of its decentralized exchange, xSigma will pursue a highly ambitious roadmap culminating in 2022 with the launch of its own stablecoin.<\/p>\n

XSigma’s cutting edge product development is backed by some of the blockchain industry’s most talented and recognizable names. The team brings a new level of legitimacy and transparency to a DeFi ecosystem that has lacked both during its infancy. As the first blockchain research lab to be backed by a publicly-traded NASDAQ company, xSigma is led by:<\/p>\n