XETH is a Fractional-Algorithmic Synthetic Token pegged to the value of 1 ETH on Arbitrum One. The protocol aims to maintain XETH token’s price stability, in other words the peg, by storing sufficient collateral in the time-locked smart contracts. This collateral is used for redemptions, helping to maintain price stability. Wonderful Protocol is a DeFi project aimed at developing and popularizing synthetic tokens for multiple L1 &amp; L2 Ecosystems. Wonderful Protocol introduces a decentralized solution by adopting a partial collateralized design, where Wonderly's synthetic tokens are backed primarily by ETH and partially by the native token AFX (approx 99.8% ETH backing).

Wonderly Finance xETH

XETH is a fractional-algorithmic synthetic token pegged to the value of 1 ETH on Arbitrum One

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Top Crypto Gainers Today on DEXTools $XETH, $TWEET and $KABO are the top crypto gainers today on DEXTools, as the broader market downturn worsens. Small-cap cryptocurrencies almost always take the mantle for the top crypto gainers each day. That’s because their low level of liquidity means that relatively small buy pressure can easily result in […]
The post Top Crypto Gainers Today on DEXTools – XETH, TWEET, KABO appeared first on Cryptonews.

Wonderly Finance xETH XETH

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Top Crypto Gainers Today on DEXTools – XETH, TWEET, KABO