We are happy to announce that the following up and coming #deFi tokens have been listed on Switcheo Exchange!
Tokens Listed
Switcheo users may now trade the above tokens against ETH, as of immediate effect.
About Aave (LEND)
Aave (LEND) is a leading lending protocol that leverages a native token LEND to accrue value earned from protocol fees like borrowing and Flash Loans. Today, 80% of all fees are used to burn LEND. In the near future, LEND will become a governance token used to vote on protocol decisions and will act as a means of insurance to protect again any potential deficits.
Find out more about Aave here:
Website | Twitter | Medium | GitHub | Discord
About mStable (MTA)
mStable (MTA) is a liquidity aggregator for same-peg tokens called mASSETS like mUSD. The protocol is governed by a native token — MTA — which can be staked via the Earn feature for a claim on protocol fees and MTA inflation. MTA was debuted with an Initial DEX Offering but decided to use Mesa for fair price discovery to avoid bot front-running.
Find out more about mStable here:
Website | Twitter | Medium | GitHub | Discord
About Nexus Mutual (NXM)
The Nexus Mutual Token (NXM) represents membership rights in the mutual along with the ability to participate in the ecosystem through claims and risk assessment and governance.
Find out more about Nexus Mutual here:
Website | Twitter | Medium | GitHub | Discord
About Ren Protocol (REN)
Ren Protocol (REN) is an interoperable bridge to port assets to Ethereum using the RenVM. RenVM is an sMPC based decentralized custodian that fluidly mints and burns digital assets 1:1 on Ethereum as ERC20s.
Find out more about Ren Protocol here:
Website | Twitter | Medium | GitHub | Discord
About yEarn (YFI)
yEarn (YFI) is an automated liquidity aggregator offering a number of different yield farming opportunities. The protocol is governed by a native token — YFI — which was launched with no premine and did not hold an Initial DEX Offering. Users can burn YFI to claim a pro-rata share of protocol fees.
Find out more about yEarn here:
Website | Twitter | Medium | GitHub | Discord
This post was originally published on the Switcheo blog.
