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MainCurrenciesWonderly Finance xETH
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Wonderly Finance xETH

Wonderly Finance xETH XETHPrice N/A

XETH Price

N/A

General Info

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# Inactive

Description

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

Wonderly Finance xETH (XETH) Chart

Wonderly Finance xETH price Index provides the latest XETH price in US Dollars , BTC and ETH using an average from the world's leading crypto exchanges.

Additional Data

Total Supply

XETH 35.00

All Time High

$ 1,917

21 Mar 2023


All Time Low

$ 1,372

10 Mar 2023

Trending Wonderly Finance xETH Fiat Pairs

What is Wonderly Finance xETH (XETH)?

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 & 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).

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