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XETA Introduces OTC Trading

It may be true that competition brings out the “beast” in us, but here at XETA Capital, we believe cooperation brings out the “best” in us. That is why collaboration with industry peers is central to XETA’s long-term strategic approach. With that in mind, we’re pleased to announce that XETA Capital has partnered with another DeFi project to offer our community a new automated, smart contract-based trading service.

Introducing XETA Capital’s Over-the-Counter (OTC) trading service — powered by ThorFi.

Who is ThorFi? Formerly known as Thor Protocol, ThorFi was founded in December 2021 by “a core group of developers and engineers” who launched on the Avalanche blockchain to “generate rewards through a hybrid DeFi model.” The ThorFi team developed its OTC trading service in October 2022. Watch this joint AMA from the teams at ThorFi and XETA Capital as we discuss integrating ThorFi’s OTC-as-a-service for the XETA community 👉 Watch AMA Learn more about ThorFi at: What is OTC trading? Over-the-Counter (OTC) or off-exchange trading is done directly between two parties via a broker-dealer without the supervision of a centralized or decentralized exchange. How does OTC trading help the XETA ecosystem? The way it currently operates, when you sell X3TA tokens on the open market via a decentralized exchange, or DEX, you inject X3TA tokens into the liquidity/circulating supply while simultaneously removing USDC.

This causes X3TA's value to drop because it now has a higher supply than the USDC side.

The OTC service offers the ability to exchange X3TA and USDC directly with another buyer, so you’re not increasing the X3TA supply and decreasing the USDC supply when selling X3TA. Instead, you’re swapping peer-to-peer and protecting the open market price.

Another benefit is that OTC trading allows the execution of large trades at a single price, making it both convenient and cost-effective.

Large trades on a DEX can cause a significant distortion in the asset’s price, resulting in slippage and affecting the price at which you purchase the asset.


While competition can be exceedingly positive for any industry, cooperation with industry peers and interaction with alternative business models is clearly advantageous for long-term success. Integrating ThorFi’s OTC-as-a-service is another successful step in providing our valued community with extensive options when traversing the XETA-sphere.

Use this guide for step-by-step directions on how to buy and sell X3TA Over-the-Counter using ThorFi’s OTC trading service.

Watch our strategic selling video to maximize your returns when selling X3TA tokens on the open market.

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