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Rewards and entry to DeFi
Rewards offered by Wirex encourage ongoing engagement with the Wirex ecosystem and form a powerful retention tool. In addition to Cryptoback™ rewards, Wirex offers interest bonus payments on users’ WXT balances. These payments can be issued for a variety of actions in-app including as a reward for high-yield interest bearing accounts, called X-Accounts. WXT, Wirex’s native token, plays an integral role in rewarding users as well as offering forms of interest payment in X-accounts. X-Accounts can be considered a mainstream CeFi wallet that offers access to DeFi benefits - account holders can earn interest payments from staking cryptocurrencies and stablecoins. Fiat currencies may also earn interest payments, within the scope of the financial regulations and licences that Wirex observes.
Last modified 2yr ago