Introducing Gas Cashback for xSigma Traders

xSigma was created with the goal of helping traders maximize their profits when conducting stablecoin swaps. While the xSigma DEX has been carefully configured to support this goal, we’re aware that there’s one variable we have little control over: network fees.

Trading on Ethereum isn’t cheap, and hasn’t been for some time. While various fixes are being developed to resolve this problem, these are some way off. In the meantime, traders are left with little choice if they wish to execute decentralized swaps on the Ethereum mainnet.

Although we can’t unilaterally dial down the gwei for xSigma users, what we can do is offer a helping hand in reducing transactional costs. For members of the xSigma community who hold a minimum of 30 SIG tokens in their wallet, we’re pleased to offer partial cashback on fees spent on gas.

How It Works

Every time you make a trade on xSigma DEX, and hold at least 30 SIG in the corresponding wallet, you’ll be eligible to receive compensation up to a maximum of 100 gwei. Aside from requiring the minimum number of SIG to receive gas cashback, the transaction value will need to be in excess of $1,000. To be clear: this is the value of the stablecoins being swapped — not the network fee itself.

The amount of cashback you will receive from each transaction will vary, but can be as high as 80% of the total fee. Cashback will be repaid to you in the form of ETH, allowing you to pocket more profit from each trade you make on xSigma DEX.

While subsidizing gas costs isn’t a long-term solution to Ethereum’s high-fee environment, we believe it is the right move to make at this time. Doing so will support the xSigma community at an early stage in its lifecycle, while demonstrating the principles on which our stablecoin DEX was founded: as a decentralized platform that places the interests of its users above all else.