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Switcheo Launches Zilswap And Expands DeFi Presence
Summary: Switcheo’s new DeFi exchange Zilswap has been launched today, as reported by Coingape. The Zilliqa-powered exchange allows users to buy and sell both ZIL tokens and the new SGD-denominated stablecoin XSGD that arose from the recent partnership between Zilliqa and Xfers. Users of either currency can earn passive income by becoming liquidity providers for the ...
Switcheo’s new DeFi exchange Zilswap has been launched today, as reported by Coingape. The Zilliqa-powered exchange allows users to buy and sell both ZIL tokens and the new SGD-denominated stablecoin XSGD that arose from the recent partnership between Zilliqa and Xfers. Users of either currency can earn passive income by becoming liquidity providers for the exchange.
Plans for developing Zilswap further and expanding Zilliqa’s DeFi presence include launching a ZRC-2 governance token, bringing the token under DAO control, and issuing the governance tokens to liquidity providers. Switcheo also intends to connect Zilliqa with the SwitcheoTradeHub.
By Isaac Goluboff
Tags: DAO,DeFi,Switcheo,XSGD,ZIL,Zilliqa,Zilswap
Link: Switcheo Launches Zilswap And Expands DeFi Presence [Copy]
