Instabridge Wrapped ETH (Radix) (XETH)

Instabridge Wrapped ETH (Radix), with ticker XETH, is a cryptocurrency that allows users to move their crypto assets cross-chain. Its main purpose is to bring more assets onto the Radix Network, allowing users to swap tokens from eXRD to XRD and wrap popular cryptocurrencies like ETH, wBTC, USDC, and USDT to receive wrapped, one-to-one backed versions on Radix. Using Instabridge, users can easily move their assets between Ethereum and Radix in three simple steps: verify, connect, and swap.

Instabridge simplifies moving assets cross-chain by using simple send transactions, which can result in significant cost savings. Swapping crypto assets and cross-chain often involves expensive smart contract interactions, but Instabridge saves users up to 500% per swap compared to permissionless bridges. Once set up with Instabridge, users can take advantage of various opportunities in the Radix ecosystem, including staking, rewards, and airdrops. Currently, Instabridge supports the swapping of eXRD to XRD and the one-to-one backed wrapping of ETH, wBTC, USDC, and USDT, with more assets planned to be added in the future.

Users can stay updated on new asset additions by subscribing to Instabridge’s email notifications. Metaverse (Radix) Ltd. operates Instabridge, and users can contact their support team via email at hello@instabridge.io. Links to their Terms & Conditions, Privacy Notice, Exchange Terms, Reserves, Risks, Complaints, Blog, Radix Main Site, and Radix Full Stack for DeFi can be found on their website.