DeFiExchanges launches DeFi Swap service for token swap and “farming”

Hong Kong-based payments company has launched the DeFi Swap service for “pharming” and exchanging tokens between various DeFi liquidity pools.

According to the technical docs , DeFi Swap has been launched on the Ethereum blockchain. The service supports the following crypto assets: ETH, WETH, USDT, USDC, DAI, LINK, COMP and’s internal token – CRO. Users can exchange the listed tokens with a commission of 0.3% for each swap. At the same time, CRO holders, being liquidity providers, will receive a reward for maintaining and developing the liquidity pool. management has announced that all swap fees will be shared between these providers. Going forward, may set its own 0.05% swap fee to fund ongoing research and protocol development. Additionally, users will have the opportunity to earn up to 20x profits if they stake over 50,000,000 CROs over four years. management emphasized that today many of the DeFi protocols being developed are smart contracts without revision and audit. Therefore, users should be aware of the potential risks associated with both the protocol and the DeFi industry in general. urged users to take into account the risks of total or partial loss of crypto assets.

As a reminder, announced the launch of its own cryptocurrency exchange in November .

About author

Experienced Founder with a demonstrated history of working in the newspapers industry. Skilled in Data Research, Management, Investment Research, Teamwork, and Leadership. Influencing the technology, people, and technical analysis of the Cryptocurrency and Blockchain world.
Related posts

PayPal Customers Are Now Allowed To Use Cryptocurrency To Make Payments To Merchants Worldwide


Coinbase exchange valued at $ 943 million in preparation for direct listing on Nasdaq


Coinbase Selects Nasdaq For Direct Stock Market Placement


You can't refuse to pay: what will the new rehabilitation plan give to MtGox creditors

Sign up for our newsletter and stay informed

0 0 vote
Page Rating
Notify of
Inline Feedbacks
View all comments
Would love your thoughts, please comment.x