The cryptocurrency payment company Wirex plans to invest 50% of its WXT tokens in launching a DeFi protocol on Avalanche

According to Chain Catcher, the crypto payment company Wirex has announced an upgrade to its white paper, launching a non-custodial Wirex wallet, while users holding more WXT will receive savings rewards of up to 16%.

At the same time, Wirex will launch a new Nereus on Avalanche and invest 5 billion WXT tokens, accounting for 50% of the total WXT supply, where WXT will be used as a liquidity and reward token within the protocol. The protocol is created by a team that includes former Wirex employees, aiming to provide better governance for DeFi users as well as high-quality collateral, locking, and lending options. (Source link)