OKEx Exchange Adds Three New DeFi Tokens For Users

Headquartered in Malta, OKEx, the renowned cryptocurrency and derivates exchange, has announced the inclusion of three DeFi tokens to its diverse suite of exemplary decentralized solutions. The new tokens listed on the exchange include SushiSwap (SUSHI), YFValue (YFV), and PowerPool (CVP). The spot trading of the newly launched DeFi tokens began at 10:00 AM UTC on September 1, whereas at 11:00 AM UTC, the users were allowed to trade them against ETH. The withdrawals shall be allowed from 9:00 AM UTC on September 6. The exchange now has a strong cluster of 32 DeFi tokens for trading on its channel.

With the new listings, the OKEx team is planning to enhance the user experience by offering access to a wide range of options and thereby spoiling investors for choice. The three tokens- SUSHI, YFV, and CVP are likely to help OKEx users to exploit the benefits of the DeFi market. This was evident as, within a few minutes of the listing, SUSHI’s price reached 12 USDT recording an increase of 84.6 percent.

SushiSwap is a hard fork of Uniswap, which comes studded with a unique reward distribution system. The native governance token SUSHI allows owners to enjoy a plethora of benefits while transacting with them. Users get access to enhanced community-focused benefits, including lucrative incentives for those who willingly lock up their assets to provide enhanced liquidity. It is often referred to as a clone of Uniswap but with advanced liquidity and reward features.

Serving as the native token of YFValue protocol, YFV is designed to revolutionize the concept of Yield Farming or Liquidity Mining. It helps to pool in the truest value for yield farming, making the users earn passive income from the process. The system gives finance benefits to all the users irrespective of their investment size and value. The portal offers plenty of customer-oriented features like the referral system that conducts burning automatically on-chain and the voting of the inflationary rate of the supply. The token helps to channelize seamless staking and voting on the portal.

PowerPool network allows users to collect their native tokens like COMP, LEND, and YFI from reaping in more utility for the minority token holders. The investors can borrow, lend, or earn passive income by collecting governance rights through their pooled tokens in Ethereum-based projects. The system helps to cater to the requirements of the minority users.