Coinbase Triggers 107% Altcoin Explosion After Listing Slew of Ethereum-Based Crypto Assets

Coinbase Triggers 107% Altcoin Explosion After Listing Slew of Ethereum-Based Crypto Assets


One decentralized finance (DeFi) altcoin is surging after being added to top US crypto exchange Coinbase’s roster of digital assets.

Coinbase says DeFi Yield Protocol (DYP) and five other Ethereum-based altcoins will start trading paired with Tether (USDT) once appropriate liquidity conditions are met.

DeFi Yield Protocol aims to offer users the ability to stake Ethereum (ETH), Binance Coin (BNB) and Avalanche (AVAX) to earn a fixed 25% APR (Annual Percentage Rate).

Trending: Thousands Of Flights Cancelled As Pilots Strike Before 4th Of July

The project website says DYP is working on a wide scope of products for the decentralized ecosystem, seeking to be “accessible for both beginner and advanced users” through a combination of DeFi, non-fungible tokens (NFTs) and metaverse gaming.

DeFi Yield Protocol is up a massive 107% on the week and trading for $0.43.

Continue reading


 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Thanks for sharing!
Send this to a friend