PRESS RELEASE. xSigma Corporation, a wholly owned subsidiary of ZK International Group (NASDAQ:ZKIN), was launched in 2018 as a blockchain research and development lab to solve real-world infrastructure challenges. After two years of intensive research into smart contracts and other blockchain-based solutions, xSigma shifted its focus to decentralized finance, or defi, in an effort to bring unfettered open-source finance to individuals and businesses worldwide.
XSigma’s foray decentralized finance has come at an opportune time in the market’s evolution. Although defi burst onto the scene in 2020, it quickly became the fastest-growing segment of the blockchain industry. Despite this tremendous growth, defi isn’t without issues. Users of these protocols have complained about a faulty user experience, impermanent loss, pricing error and smart contract vulnerability. These myriad issues have cast defi in a negative light among mainstream institutional investors.
The xSigma defi protocol has been…