DigiFinex will list JFI, YFI, YFII, LRC, BAL, NMR, RSR and BNT, the top Defi Tokens, at 11:00 (GMT+8) on 11 Sep 2020. Specific schedule is as follows:
Deposit will be opened at 11 Aug 2020 11:00 (GMT+8)
Trading will be opened at 11 Aug 2020 15:00 (GMT+8)
Withdrawal will be opened at 12 Aug 2020 15:00 (GMT+8)
Trading pairs: JFI / USDT, YFI / USDT, YFII / USDT, LRC / USDT, BAL / USDT, NMR / USDT, RSR / USDT, BNT / USDT
About JFI, YFI, YFII, LRC, BAL, NMR, RSR and BNT:
Introduction: JFI is the first liquid mining Defi project on JackPool. Total issuance: 21,000 pieces, all obtained through liquidity mining. Output mechanism: Based on JackPool, there are a total of 3 liquid mining pools. A total of 7000 pieces can be dug in each pool. 3,500 pieces can be dug in the first week, 1750 pieces in the second week, halved every week, and dug in 10 weeks.
Introduction: yearn.finance is a Decentralized Finance (DeFi) platform which aims to build products on aggregated liquidity provision, leveraged trading, automated marketing making, and more. The YFI token is the native utility token in the yearn.finance platform. Users can earn it by contributing liquidity to yearn.finance's aggregated liquidity pool, or ypool, and use the token for platform governance. yearn.finance currently provides a profit optimizing service for lending providers, moving providers' funds between dYdX, Aave, and Compound autonomously for highest return. The platform also plans to release products such as the yVault, with additional yield earning strategies for other pojects like Synthetix, mStable, and more.
Introduction: Yearn is a financial platform that supports multiple DeFi agreements, and will automatically move positions between protocols to help savers get the highest financial income. The platform aggregates the Compound, dYdX, Aave, and DDEX agreements. When users deposit, the platform will automatically allocate funds to the protocol with the highest revenue. Then yearn will give the user a proof of stake called yToken through which users can withdraw the original deposited token and the corresponding income.
Introduction: Loopring is an open multilateral transaction protocol between tokens based on ERC20 and smart contracts. Through this protocol, it is possible to establish a decentralized exchange application that does not require asset custody and fund freezing. LRC is a Loopring Technology token on Ethereum. LRC holders can pay the lowest transaction fees; benefit from all network activities.
Introduction: Balancer is an AMM (Automated Market Making) protocol for programmable liquidity. It allows for the creation of flexible liquidity pools that are continuously self-rebalanced. Those liquidity pools can contain multiple tokens each with different weights and also a customizable trading fee. A Balancer pool can be thought of as an index fund where liquidity providers get paid instead of having to pay a maintenance fee, as happens in conventional finance.
Introduction: Numeraire is an ERC20 Ethereum token. The source code to Numeraire’s smart contract is publicly available. The Ethereum smart contract dictates there will never be more than 21 million Numeraire minted.
Token: RSR (Reserve Rights)
Introduction: The Reserve protocol comprises two tokens: the Reserve token (RSV - a decentralized stablecoin) and the Reserve Rights token (RSR - a cryptocurrency used to facilitate the stability of the Reserve token and confers the cryptographic right to purchase excess Reserve tokens as the network grows). The Reserve movement describes itself as a collection of people who believe that cryptocurrencies can do better than fiat money, and that none of the existing options will be able to scale to global use, maintain stable purchasing power, and not be shut down. The team's goal is to make the most accessible, economically strongest, and most robust-to-attack currency and over time, convince a large portion of the world to replace other currencies with it.
Token: BNT (Bancor)
Introduction: Bancor is an on-chain liquidity protocol that enables automated, decentralized exchange on Ethereum and across blockchains. The protocol is made up of a series of smart contracts that are designed to pool liquidity and perform peer-to-contract trades in a single transaction with no counterparty. Users stake BNT in automated market makers in exchange for trading fees, BNT staking rewards and voting rights in the Bancor DAO. Bancor has processed more than $2 billion in trade volume across thousands of tokens, with millions in fees generated by stakers.
Risk Alert: This project is a new token that poses higher than normal risk, and as such will likely be subject to high price volatility. Please ensure that you have done your own research in regards to fundamentals and fully understand this project before opting to trade. DigiFinex will make best efforts to choose high-quality coins, but will not be responsible for your trading losses.
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10th Sep 2020
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