Company Information

Get to know xToken

xToken was a DeFi protocol launched with the mission to simplify participation in complex staking and liquidity provision ecosystems. Its core products were "xAssets," which were liquid ERC-20 staking wrappers for popular protocols like Synthetix (xSNX) and Aave (xAAVE). These wrappers allowed users to gain staking rewards without locking up their underlying assets, thereby improving capital efficiency. The project aimed to be a key primitive in DeFi, but after suffering a major exploit in May 2022, the team announced they would be sunsetting the protocol and winding down all operations.

Industry

Crypto CryptocurrencyPRIMARY
Financial Other Service
Technology Software Trading Platform

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xToken

United States

Founded in

2020 (6 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

Licenses

--/40

Reviews

--/60

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Regulated

Recommended

IUX

(2,284 reviews)

Mauritius

2015

(10 years)

Security Information :

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ASIC

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.