Luno Adds 5 New DeFI Coins To Crypto Exchange
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Luno has announced the additiion of Aave, Curve, Maker, Synthetix and Stellar to its asset offerings.
Malaysia’s leading regulated digital asset exchange (DAX) now offers 18 assets on its exchange.
Further expansion into the DeFi space
Scarlett Chai, Luno’s country manager for Malaysia said “these tokens represent the cutting edge of decentralised finance, offering more options and opportunities for users to participate in the evolving digital asset ecosystem.”
“Our further expansion into the DeFi space enables investors to diversify their portfolios and leverage decentralised applications (dApps) utilities,” added Chai.
According to Chai, Luno has spearheaded 18 of the 19 approved assets by the Securities Commission Malaysia.
Key features of the new DeFi coins
- Aave (AAVE): Aave connects counterparties directly without the need for intermediaries. It is one of the largest digital assets lending platforms, with over $17 billion secured across supported blockchains.
- Curve (CRV): Curve lets investors trade stablecoins and other digital assets for lower fees. Curve has gained popularity as a liquidity provider for stablecoins like USD Coin and USDT.
- Maker (MKR): Sky, formerly MakerDAO, allows investors to temporarily lock up their digital assets in return for one of their stablecoin, Dai (DAI) or USDS (USDS). It’s attracted major investors, including Andreessen Horowitz, one of the world’s leading venture capital firms.
- Synthetix (SNX): Synthetix enables the creation of synthetic assets, allowing investors to trade real-world assets like commodities, currencies, and stocks on the blockchain. It offers investors exposure to various financial instruments, making it a key player in the DeFi space.
- Stellar (XLM): Stellar connects traditional financial institutions with blockchain technology, enabling rapid and cost-effective transactions between fiat currencies and digital assets.
Luno added that further expansion into this DeFi space enables investors to diversify their portfolios and leverage decentralised applications (dApps) utilities.
