Despite the enormous potential offered by defi, its protocols remain notoriously tricky to use. A range of hazards and underlying risks prevent DeFi from reaching its true potential of open access and financial inclusion worldwide. xSigma DeFi is a stablecoin DEX designed to solve the main problems that plague current defi AMMs.Introduction
If you’ve interacted with a defi platform or protocol this year, you’ve likely been impressed by the capabilities of this transformative technology. But we’ll wager you’ve also been frustrated by UX issues, stuck transactions, impermanent loss and many other defi pain points that the industry has yet to solve.
There are so many moving parts in defi, and so many different ways of interacting with base layer protocols that it’s extremely difficult to master this fast-changing landscape that exists in a state of flux. Unless you have years of experience and an advanced coding background, overcoming defi’s many obstacles is a serious challenge.
Curve is fiendishly baffling to use; successors like Swerve are overseen by anon founders whose long-term commitment is impossible to gauge; Uniswap pooling is prone to impermanent loss on all but the most stable and liquid pairs; the list goes on. It’s clear that there’s a pressing need for a defi token swapping solution that can incorporate the best elements of these protocols while overcoming the problems that have undermined their utility.Solution
Stablecoins have emerged as one of the largest markets in the cryptocurrency industry, providing investors with immediate liquidity, price stability and redeemability. By November 2020, the combined market capitalization of all stablecoins was over $24 billion. Hundreds of millions worth of stablecoins are exchanged each day — a figure that is expected to rise steadily as we enter the next phase of global adoption.
Despite the inherent benefits offered by stablecoins, the exchange market is dominated b...