Eosfinex set to list 18 DeFi tokens from Ethereum
Eosfinex set to listing xviii DeFi tokens from Ethereum
Virtually major DeFi tokens will be available for trading on Eos.
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Eosfinex, the Bitfinex-backed noncustodial substitution running on the Eos network, appear the listing of more than xv 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 instance "p" prefix — for case, "pBTC" and "pLTC."
The listing on Eosfinex volition occur in several phases. The first, scheduled for Thursday, volition bring Uniswap's token (pUNI), Band Protocol (pBAND), Balancer (pBAL), Chemical compound (pCOMP) and Synthetix (pSNX). The 2nd, 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 Attending 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 broad array of tokens is aimed at bolstering the Eos DeFi ecosystem. A wide selection of assets would permit Eos-native lending and derivatives protocols to access more than 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 merits as the most performant, reliable, and cost-effective smart contract platform. The all-time way to practice this is to back up the next moving ridge of DeFi innovation."
Eosfinex is a hybrid noncustodial exchange that still uses a fundamental matching engine — similar to some Ethereum exchanges based on layer-two technologies.
PTokens piece of work through a similar machinery to the RSK sidechain federation for Bitcoin. A set up of validators performs the peg-in and peg-out transactions with special hardware devices that guarantee protection from most forms of tampering.
Source: https://cointelegraph.com/news/eosfinex-set-to-list-18-defi-tokens-from-ethereum
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