OKEx, the first to welcome Curve Finance CRV

Four Hot Defi’s launched within a week on OKEx, the world-leading cryptocurrency exchange

For the ones who keep their eye on the recent developments in the Crypto Space, you probably heard about that Defi ecosystem as it makes headlines consistently in the blockchain space for the recent weeks. This is the most trending topic in the blockchain industry, and strewing sectors in the crypto space.

WHAT IS DEFI?

DeFi is an abbreviation of the phrase decentralized finance which generally refers to the digital assets and financial smart contracts, protocols, and decentralized applications (DApps) built on Ethereum. In simpler terms, it’s financial software built on the blockchain that can be pieced together like Money Legos. — DeFipulse.com

DeFi snatched the public’s attention seemingly out of the sudden, and OKEx’s contribution to the Defi ecosystem is well respected. To date, OKEx has become the first to list Curve (CRV), the governance token of Curve Finance as well as a reward for liquidity providers.

Curve Finance began as a crypto swapping platform whose main goal is to let it's users and the other decentralised protocols exchange stablecoins . The behaviour of Curve is different from typical Cryptocurrency Exchange, Curve uses liquidity pools like Uniswap. To achieve this, Curve needs liquidity (tokens) which is rewarded by those who provide it.

Curve has doubled the hype since its launch native token, $CRV. It's undeniable, CRV has become one of the most popular projects in crypto today and seems that even the giant exchanges joins the bandwagon. OKEx exchange is one of them and get the records as the first crypto-exchange to list CRV with deposits now opened. CRV spot trading against USDT went live at 4:00 am UTC on Aug. 14, with trading pairs against BTC and ETH opening one hour later.

Some other Crypto exchanges, including Binance and Poloniex, have also supported the unexpected launch of CRV and set their own listing too.

“To a certain extent, the emergence of Curve indicates that DeFi has entered a new stage of development. We’re seeing DEXs make important progress and provide users with the much-needed liquidity that was previously missing in the space. We’re also seeing the real potential of yield farming as investors seek to generate the highest returns on their assets. We are extremely glad to support such innovations and be the first exchange to list the CRV token,” commented OKEx CEO Jay Hao.

I can still remember my friends buying At the peak of the mania before the price rests at around $8, having dropped from $100 immediately after the launch.

However, CRV isn’t the only DeFi that gets listed on OKEx this week alone. OKEx listed three more hot DeFi including Aave (LEND) that have a very hot DeFi Potential. Formerly known as ETHLend, Aave is a veteran open-source and noncustodial protocol that enables cryptocurrency deposits and loans. The LEND spot trading against BTC, ETH and USDT has been in OKEx at at 9:00 am UTC of Aug. 12.

Apart from the new listing of CRV & Aave (LEND), OKEX has also listed Aragon (ANT) and Serum (SRM). OKEx has now listed 16 DeFi tokens in total in order to meet the needs of its global user base.

“OKEx is very optimistic about the potential of DeFi, especially with the continuous development of blockchain technology. We believe that there will be many more decentralized finance applications beyond people’s imaginations in the future, and OKEx is very happy to cooperate with them.”

OKEx has been demonstrating a growing interest in the DeFi space. The innovation happening in the DeFi ecosystem is remarkable, and the opportunities are untold.