What is XSGD and how do I use it in DeFi protocols?

XSGD is a blockchain based e-money or stablecoin that is 100% fully fiat backed by cash

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This allows XSGD to interact with blockchain platforms such as Decentralised Finance (DeFi) protocols

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Some of the DeFi protocols that the StraitsX team is aware of that users may use XSGD to interact with are:

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• DFX - https://dfx.finance/, a Decentralised Exchange (DEX) on Ethereum that focuses on allowing users to swap XSGD against other stablecoins such as USDC (USD), CADC (CAD), NZDS (NZD) and TRYB (TRY), interestingly the FX that is performed here are often cheaper (fees as low as 0.05%) and faster (minutes as opposed to days) than traditional routes
• Uniswap - https://uniswap.org/, a Decentralised Exchange (DEX) on Ethereum that allows users to swap XSGD against cryptocurrencies such as Bitcoin (BTC), Ether (ETH) and more...
• ZilSwap - https://zilswap.io/, a Decentralised Exchange (DEX) on Zilliqa that allows users to swap XSGD against cryptocurrencies such as Zilliqa (ZIL), Ether (ETH) and more...

There may be some that are currently being built and / or under our radar and a lot of exciting possibilities yet to come made possible by blockchain technology, do look forward to them!

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More importantly, to stay safe, always refer to https://www.straitsx.com/ under See XSGD In Action to confirm the correct XSGD smart contract addresses are being interacted with