THELOGICALINDIAN - Cryptocom has launched a new Ethereumbased DEX and crop agriculture platform
Crypto.com has launched a DeFi swap service, which allows investors to barter their Ethereum-based ERC-20 tokens.
Eight Coins Supported
The app currently supports eight coins: Ethereum (ETH), Compound (COMP), Crypto.com Token (CRO), Dai (DAI), Chainlink (LINK), USDC, Tether (USDT), and Wrapped ETH (WETH).
Cryptocurrency is fatigued from a basin adjourned by assorted clamminess providers, and prices are adapted to accommodate the “best accessible rate.”
In accession to swapping coins, users can pale their tokens through the app’s “pool” and “boost” appearance to acquire absorption on their holdings. Crypto.com offers college ante to those who authority its built-in CRO token—a 20x benefit for those who pale in the accomplished tier.
The app has been angled from Uniswap v2, a accepted decentralized barter (DEX). Changes to the app accept been audited by Crypto.com and by the blockchain close SlowMist.
Crypto.com Commits to DeFi
This account comes aloof weeks afterwards the belvedere appear plans to merge its old MCO badge with its newer CRO token. That move was broadly criticized because Crypto.com has absolutely aback imposed the change on its users.
The new, almost accessible and decentralized bread bandy apparatus could accompany aback users who accept the company’s centralized attributes allows it to apply too abundant ascendancy at times. The bandy app alone requires Metamask or WalletConnect, not an annual with Crypto.com’s careful exchange.
“We accept that blockchain and decentralized accounts (DeFi) protocols congenital on top accept the abeyant to empower millions to exercise this right,” Crypto.com states on its website.
Disclosure: This commodity was apart called by our beat aggregation for coverage. Crypto.com is a sponsor of Crypto Briefing.
