Cryptocurrency spot and derivatives exchange OKEx, announced listing 8 new promising DeFi tokens in one day and reaffirming its commitment to the expanding DeFi economy. The new tokens cover a range of DeFi innovations in oracles, insurance, stablecoins and liquidity providers including: Band Protocol (BAND), JUST (JST), REN (REN), Reserve Rights (RSR), Yearn.finance (YFI), Nexus Mutual (wNXM), YFII.finance (YFII) and Tellor (TRB).
The trading pars of these tokens against USDT, BTC and ETH were available on 28 August. Deposits also went live on that day and withdrawals were available on 31 August.
The 8 new tokens add to the quickly expanding suite of OKEx’s DeFi tokens, available for the exchange’s global user base. The total of tokens is now 27 following the recent listing of projects such as Mantra DAO’s OM, the first DeFi project built on Parity Substrate for the Polkadot ecosystem and the open-source platform Decentralised Information Asset (DIA), promoting transparent, community-verified price oracles for DeFi applications.
OKEx CEO Jay Hao commented:
Jay Hao
Source: LinkedIn
OKEx has been keenly observing the DeFi market dynamics and trying our best to collaborate with high-quality innovative DeFi projects that show the most potential. We are very encouraged to see so many excellent projects emerging in the market, as this also indicates that the DeFi space is developing rapidly.” He added: “The decision to list eight new DeFi tokens today is far from the end of OKEx’s support for DeFi projects. We are committed to continuously helping the development of DeFi and further promoting the blockchain industry.
