OKEx accelerates NFT adoption with DeFi Hub, NFT Marketplace
OKEx Ramps Up Support for Decentralized Finance, Listing Four DeFi Tokens Within One Week: LEND, ANT, CRV and SRM
Malta, Aug. 14, 2020 — OKEx (www.okex.com), a world-leading cryptocurrency spot and derivatives exchange, has become the first to list Curve (CRV), the governance token of Curve Finance, a popular decentralized exchange facilitating low-slippage swaps of tokens with similar prices. This new listing further expands OKEx's growing army of DeFi tokens. 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. Deposits of CRV were available from 3:00 am UTC on Aug. 14 and CRV withdrawals will open at 7:00 am UTC on Aug. 17.
Launched in January 2020, Curve Finance is one of the most efficient token-swapping platforms in the DeFi ecosystem and is committed to providing efficient trading, particularly between stablecoins — allowing users to trade with low slippage and low fees. Liquidity providers can also earn interest on the fees from token swaps thanks to Curve's integrations with other major DeFi protocols such as Compound or yearn.finance.
According to OKLink data, the total locked value on Curve has reached over $506.79 million, ranking it first among DEX projects and fifth in the overall DeFi ecosystem. Curve has witnessed a 124% increase in the last 24 hours as yield farmers flock to the platform to take advantage of some of the highest APYs in DeFi.
“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.
“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. Apart from the new listing of CRV, Aave (LEND) and Aragon (ANT) were also listed earlier this week and Serum (SRM) spot trading against BTC and USDT will be available from 5:00 am UTC on Aug. 14. OKEx has now listed 16 DeFi tokens in total in order to meet the needs of its global user base.
Aave is a veteran open-source and noncustodial protocol that enables cryptocurrency deposits and loans. Aragon is a DApp that allows anyone to create organizations (companies, open-sourced projects, NGOs, etc.) on the Ethereum chain and is governed by ANT holders, and Serum is the world's first completely decentralized derivatives exchange with trustless cross-chain trading.
To celebrate the listing of SRM, OKEx will hold a Net Buy Contest from 4:00 am UTC on Aug. 14 to 4:00 am UTC on Aug. 23, in which participants can share in a prize pool of 30,000 SRM.
A world-leading cryptocurrency spot and derivatives exchange, OKEx offers the most diverse marketplace where global crypto traders, miners and institutional investors come to manage crypto assets, enhance investment opportunities and hedge risks. We provide spot and derivatives trading — including futures, perpetual swap and options — of major cryptocurrencies, offering investors flexibility in formulating their strategies to maximize gains and mitigate risks.
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