Few platforms have been as integral to the DeFi sector’s growth as OKEx. The leading crypto exchange is among the first to bring new DeFi assets to the masses and provide an early nod of support to emerging value projects before they become popular.
Continuing this trend, OKEx has now listed the native token to the Perpetual Protocol, PERP, as well as three other DeFi tokens: VELO, ALPHA, and CFX. Here’s what each of these coins offers the cryptocurrency industry and why OKEx has chosen to introduce each asset to its rapidly expanding user base.
Trading For New DeFi Tokens, PERP Starts Now
OKEx first began accepting deposits for PERP, VELO, ALPHA, and CFX starting last week, and trading began shortly after across USDT trading pairs. That means effective immediately, users of the platform can now tap into these new markets and be ahead of the next major trend in crypto.
OKEX CEO Jay Hao says the company is “pleased to be able to offer these cutting-edge products to our users.”
“PERP’s ability to support virtually any asset tradeable in a peer-to-peer manner unlocks vast potential for users. We’re also encouraged to see the progress made on transaction speed and blockchain interoperability by protocols such as Velo, Alpha Finance, and Conflux. We look forward to witnessing rising adoption as the DeFi economy becomes integral to our daily lives,” Hao continued.
All About Perpetual Protocol And The PERP Token
Perpetual Protocol is a unique blockchain protocol that enables the creation of perpetual contracts of any kind of asset. This means that traditional assets can also be tokenized into perpetual contracts in addition to standard crypto assets so traders can access these markets with 24/7 liquidity.
PERP is the native asset to the Perpetual Protocol, issued by Perpetual DAO. PERP token holders can stake tokens on the protocol to earn rewards and bolster the protocol’s Insurance Fund. The Perpetual Protocol also brings an unparalleled transparency level and up to 20x leverage to the world of traditional assets like gold or oil.
Everything You Need To Know About DeFi Tokens VELO, ALPHA, and CFX
The three remaining DeFi tokens are VELO, ALPHA, and CFX, respectively. Velo (VELO) is a financial protocol that utilizes smart contracts to enable transparent cross-border asset transfers and digital credit issuance for enterprises.
ALPHA, Alpha Finance Lab’s native asset, focuses on interoperability and solving other critical challenges hindering growth in the DeFi sector. The ALPHA ecosystem will usher in a more sustainable environment for all DeFi applications across the blockchain industry.
Conflux Network’s CFX seeks to achieve some of the highest transaction throughput on the market, all without sacrificing decentralization or security. The ambitious value project is just one of many now trading on OKEx as the company puts innovation first in its asset listing strategy.