Liquidity Collateralized Derivatives Token xALGO Listed on Avalanche
By: Cointime
The liquidity collateralized derivative token xALGO has been launched on Avalanche. xALGO is the yield version of ALGO, which can accumulate value from Algorand governance rewards. With the collection of governance interest, its design goal is to continuously increase in value as the price of ALGO rises. xALGO will be launched on BNB Chain in May 2023, and Avalanche is the second blockchain to support this token.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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