We are happy to announce that the following up and coming #deFi tokens have been listed on Switcheo Exchange!
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.
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.
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.
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.
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.