eXRD is the wrapped form of the XRD token, built to work with the Ethereum network. Its main function is to act as a 1:1 equivalent and bridge between the Radix and Ethereum blockchains. The Radix Public Network is a DeFi platform where developers can deploy applications. eXRD can be exchanged 1:1 with XRD and was launched in 2020. By using eXRD, the XRD token can participate in Ethereum’s DeFi ecosystem. It was created before XRD to help distribute tokens widely and reach a high degree of decentralization ahead of staking on Radix’s Delegated Proof-of-Stake system. 

Every eXRD token is backed 1:1 by XRD held by a third-party custodian. The maximum supply matches XRD, while the circulating supply moves based on users wrapping and unwrapping XRD.

What are e-Radix’s key features and how does it work?

eXRD is intended to be used within the Radix Platform and as part of it. Radix is a blockchain-based public ledger that brings together four technologies to address issues commonly seen in blockchain networks. The platform is designed to support fast, low-cost transactions, strong security, scalability, and incentives for participants in the network. 

The technologies Radix uses to pursue these goals are:

Where can you buy EXRD?

eXRD can be traded on the following CEXs and DEXs listed here. Among them, Gate.io, KuCoin, and Uniswap V2 are the most popular options with the highest liquidity. The price of eXRD may change depending on the exchange you use and broader market conditions. For current and historical eXRD market pricing, check the price charts on this page.