News from CoinDeal exchange. Welcome DeFi projects on Coindeal
We are continuously improving for you! Past few months have been all about DeFi, with most DeFi tokens increasing in value faster than anything else in crypto.
We’ve listened to your requests and are listing the first batch of DeFi tokens with more to come soon!
Two new Defi tokens appeared on the stock exchange
The first really interesting project which will join CoinDeal is Aave (LEND). Aave is an open-source and non-custodial protocol enabling the creation of money markets. Users can earn interest on deposits and borrow assets. Aave Protocol with their native token $LEND is a leading company within the DeFi space. Aave was set up in September 2018 after a successful initial coin offering (ICO) the previous year for its ETHLend token which raised USD$16.2 million.
“Aave'' in Finnish means “ghost”. The ghost represents Aave’s focus on creating a transparent and open infrastructure for decentralized finance.
The second token joining CoinDeal is Synthetix Network Token (SNX).
Synthetix is a derivatives liquidity protocol on Ethereum that enables the issuance and trading of synthetic assets. Each synthetic asset (or Synth) is an ERC20 token which tracks the price of an external asset; for example, each sUSD token tracks the price of the US dollar (and unlike the other synthetic assets, is fixed at 1).
A wide variety of Synths exists within Synthetix, including fiat currencies, cryptocurrencies, commodities, and inverse indexes.