Ethereum-based WXT: Your key to the world of DeFi
We’ve got some good news for you: you can now transfer your Ethereum-based WXT in and out of Wirex.
Our quest to bring the benefits of DeFi to the masses ramped up earlier this year when we migrated 20% of all Wirex Tokens to the Ethereum blockchain.
This is the next stage of the journey. Being able to send your Ethereum-based WXT outside of the Wirex platform means you can now deposit it in a liquidity pool and start earning passive income.
You can also send it to an external crypto wallet, exchange it into a multitude of other ERC-20 tokens on a decentralised exchange (DEX), or even use it as collateral for a loan on numerous DeFi apps.
New to the world of DeFi? Read all about decentralised liquidity pools in this blog post.
You can also check out our answers to these frequently asked questions about Ethereum-based WXT.
Can I send it to my Wirex account?
Yes! You can now transfer Ethereum-based WXT into your Wirex account, too. Once it's in your account, you can treat it just like your existing WXT - exchange it, HODL it or spend it with your Wirex card.
Boosting your WXT balance means even greater rewards thanks to X-tras. Depending on your price plan, you could earn an annual Savings Bonus of up to 12% back on your WXT balance.
You’ll also earn up to 2% Cryptoback™ rewards on every purchase you make with your Wirex card, which means you’ll accumulate even more WXT.