New Crypto Asset Explodes 1,800% After Catching Eye of Ethereum Creator Vitalik Buterin

New Crypto Asset Explodes 1,800% After Catching Eye of Ethereum Creator Vitalik Buterin


ADVERTISEMENT

A new decentralized finance (DeFi) asset is capturing the attention of crypto traders after exploding more than 1,800% in only two days.

Pickle Finance (PICKLE) is the latest food-themed token to surge, jumping from a low of $4.41 on September 12th to a high of $85.24 on September 14th, according to CoinGecko.

Trending: Truckers For Trump Put On HUGE Convoy For President Trump!

The coin is gaining traction due to a unique use case and a voting mechanic that earned praise from Ethereum creator Vitalik Buterin. According to its website, Pickle Finance is designed to use farming to help eliminate volatility in the four largest stablecoins in the DeFi space.

It offers more rewards for stablecoin pools trading below their peg and fewer rewards for pools trading above their peg. The system incentivizes users to sell above-peg stablecoins and flock into below-peg stablecoins. Currently, Pickle Finance covers four stablecoins pools: DAI/ETH, USDC/ETH, USDT/ETH, and suSD/ETH.

<img data-attachment-id="109839" data-permalink="https://dailyhodl.com/2020/09/16/new-crypto-asset-explodes-1800-after-catching-eye-of-ethereum-creator-vitalik-buterin/screen-shot-2020-09-16-at-8-51-11-am/" data-orig-file="https://i1.wp.com/dailyhodl.com/wp-content/uploads/2020/09/Screen-Shot-2020-09-16-at-8.51.11-AM.png?fit=805%2C370&ssl=1" data-orig-size="805,370" data-comments-opened="0" data-image-meta="{"aperture":"0","credit":"","camera":"","caption":"","created_timestamp":"0","copyright":"","focal_length":"0","iso":"0","shutter_speed":"0","title":"","orientation":"0"}" data-image-title="Screen Shot

Continue reading

You Might Like

Do NOT follow this link or you will be banned from the site!