Most major DeFi tokens will be available for trading on Eos.
Eosfinex, the Bitfinex-backed noncustodial exchange running on the Eos network, announced the listing of more than 15 ERC-20 tokens, primarily consisting of governance tokens of major decentralized finance protocols on Ethereum.
The listing is made possible by a collaboration with pNetwork, a crypto-asset wrapping network that already brought cryptocurrencies such as Bitcoin (BTC) and Litecoin (LTC) to Eos and Ethereum. The pNetwork tokens are distinguished by their lower case “p” prefix — for example, “pBTC” and “pLTC.”
The listing on Eosfinex will occur in several phases. The first, scheduled for Thursday, will bring Uniswap’s token (pUNI), Band Protocol (pBAND), Balancer (pBAL), Compound (pCOMP) and Synthetix (pSNX). The second, on Tuesday, will launch trading for OMG Network (pOMG), Dai (pDAI), Aragon (pANT) and Loopring (pLRC). The final phase on Dec. 22 will add Ultra (pUOS), Augur (pREP), Basic Attention Token (pBAT), 0x (pZRX), and Kleros (pPNK). Maker (pMKR), Yearn.finance (pYFI), Chainlink (pLINK) and Aave (pAAVE) will also be launched at an unspecified date.
The listing of this wide array of tokens is aimed at bolstering the Eos DeFi ecosystem. A wide selection of assets would allow Eos-native lending and derivatives protocols to access more liquidity, according to Eosfinex. Steven Quinn, head of product at Eosfinex, commented on the integrations:
“EOS and EOS-based organizations must deliver solutions to meet this challenge and strengthen the blockchain’s claim as the most performant, reliable, and cost-effective smart contract platform. The best way to do this is to support the next wave of DeFi innovation.”
Eosfinex is a hybrid noncustodial exchange that still uses a central matching engine — similar to some Ethereum exchanges based on layer-two technologies.
PTokens work through a similar mechanism to the RSK sidechain federation for Bitcoin. A set of validators performs the peg-in and peg-out transactions with special hardware devices that guarantee protection from most forms of tampering.
[…]
Learn more
The defunct cryptocurrency exchange Mt. Gox is making waves again, this time with huge Bitcoin…
Lightning Labs, a leading developer in Bitcoin's Lightning Network ecosystem, has launched a groundbreaking protocol…
According to onchain data, a significant whale holding over 92,500 ether moved the funds to…
🛸Inspired by the internet's favorite extraterrestrial, Skinny Bob MemeCoin is revolutionizing the cryptosphere across multiple…
NFTs, or non-fungible tokens, are transforming various industries, including art, music, sports, and real estate.…
Proton Technologies AG, the Swiss company renowned for its encrypted email and VPN services, has…
Leave a Comment