The XDB Foundation has announced that DigitalBits (XDB) will now be available on Uniswap. Uniswap is a popular decentralized exchange for ERC 20 tokens, and has experienced significant success alongside the recent surge in decentralized finance. On August 30, 2020, for the first time ever, Uniswap’s daily volume ($441 million) exceeded that of Coinbase Pro ($373 million), Decrypt.co reports. This is a particularly interesting development, considering that decentralized applications have generally lagged behind their centralized counterparts.
Contributing to the liquidity of XDB on Uniswap will be considered within the XDB Ambassador Program for rewards, which was announced by the XDB Foundation just a few days ago. In addition to increasing availability of the XDB token to the community, “the XDB Foundation views this as another symbolic step into decentralized finance,” the company announced in a statement. At the World Stablecoin Summit last week, the XDB Foundation presented the case for branded stablecoins – citing efficiencies that the emerging asset class could add to branded ecosystems, and the potential for the provision of financial services in decentralized environments.
The XDB Foundation was formed earlier this year to support the DigitalBits open-source ecosystem. Its mission is community adoption, developer evangelism, enterprise transformation, ecosystem governance and accelerated integration of DigitalBits worldwide. The foundation is led by serial blockchain entrepreneur Michael Gord who has founded or co-founded a number of companies including MLG Blockchain, GDA Capital and many others.
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