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xToken

Intermediate

xToken was a DeFi protocol that aimed to automate and simplify complex investment strategies through tokenised assets. It allowed users to access staking, yield farming, and liquidity strategies, with each xToken representing a position in a DeFi strategy. However, security vulnerabilities led to its shutdown. xToken serves as an example of both innovation and risk in early DeFi experiments.

Related Words

XRP

Beginner

XRP is the native cryptocurrency of the Ripple network, used for quick and cost-effective international payments. Financial institutions utilise XRP for rapid cross-border transactions without intermediaries.

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Trading in Virtual Assets involves significant risk, including the potential loss of your entire capital. None of our communications are intended to provide investment, legal, or financial advice, nor to induce you to trade in such instruments. You should assess your risk tolerance and seek independent expert financial advice before trading. You must ensure that your use of BitDelta’s services complies with all applicable laws and regulations, as further detailed in our Terms and Conditions. Please carefully review our Terms and Conditions, Risk Disclosure Statements, and Security and Privacy Policies to understand the risks involved and the limitations on our liability before using our services.​
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