OKEx Adds PERP and Three More Tokens to Further Expand its DeFi Offering

OKEx, the leading platform for the exchange and trading of crypto derivatives, has further expanded its DeFi offering and added a few more tokens to the list of supported cryptocurrencies. The last entry on the list is PERP – a native token of the Perpetual Protocol.

Perpetual Protocol is a DeFi platform that allows users to create perpetual contracts for all assets ranging from cryptocurrencies to traditional commodities like gold and oil. The platform offers traders up to 20x leverage as well as guaranteed liquidity around the clock, transparent fees, quick setup and instant deposits and withdrawals. The ERC20-based PERP acts as a utility, governance and stakeout token on the platform.

PERP spot trading on OKEx went live on March 10th, hours after the platform opened for deposit. On this occasion, OKEX CEO Jay Hao said: “We are still responsible for so many innovations in the DeFi sector and we are pleased to be able to offer these innovative products to our users. PERP’s ability to support virtually any asset that can be traded in a peer-to-peer fashion opens up enormous potential for users. We are also encouraged to see advances in transaction speed and blockchain interoperability through protocols like Velo, Alpha Finance, and Conflux. We look forward to increasing adoption as the DeFi economy becomes an integral part of our daily lives. “

Other DeFi tokens that were listed on OKEx this month are VELO, ALPHA and CFX, which belong to the decentralized financial protocol Velo, Alpha Finance Lab and Conflux Network, respectively.

The blockchain-based Velo financial protocol is intended to enable companies to have timely and transparent, limitless asset transfers and digital credit insurance. In the meantime, Alpha Finance Lab is working on an interoperable DeFi ecosystem that will allow existing DeFi solutions for different protocols to work together to address the current challenges for a comprehensive adoption of decentralized finance. Conflux Network makes a similarly valuable contribution to the ecosystem and is involved in the development of a high-performance public chain that is able to achieve high transaction throughputs without compromising on decentralization or security.

All four tokens are now available for spot trading at OKEx. The OKEx community can now take advantage of the limited time promotion of these new assets on the platform, including the chance to win a share of the USDT prize pools or a brand new iPhone 12.

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