Digital asset exchange Poloniex revealed on April 25, 2021, that it’s pleased to welcome Dego Finance (DEGO) to its DeFi Innovation Zone. DEGO has reportedly joined over 100 other DeFi assets on Poloniex.
Starting now (as of April 25), wallets are open and clients may deposit DEGO into their Poloniex account. As noted by the exchange, “full trading for DEGO with a USDT pair: DEGO/USDT will be enabled later today.”
As explained by Poloniex, Dego.finance developed a cross-chain NFT+DeFi Protocol and Infrastructure, as well as an open (non-fungible token) NFT ecosystem where “anyone can mint NFTs, initiate NFT mining, auctions and trading.”
Dego.finance also provides a cross-chain infrastructure to “enable Blockchain projects to grow user base, distribute tokens, and develop diverse applications.” DEGO is building a Parachain through Substrate, “enabling cross-chain NFT asset transfers, combining applications and underlying protocols.”
Poloniex confirmed that you can deposit DEGO now and start trading.
DEGO Stats (at time of writing)
Market Cap: $59,866,397
24h Trading Volume: $37,539,109
Market Cap Rank: #474 (on CoinGecko)
24h Low / 24h High: $8.73 / $12.09
All Time High: $33.41 (March 14, 2021)
All-Time Low: $0.424159 (September 22, 2020)
Circulating Supply: 5,422,186 / 9,864,576 DEGO
Poloniex has also listed Mirror Protocol (MIR). The exchange welcomes the project to their DeFi Innovation Zone.
Beginning now, wallets are open and you may start depositing MIR into your Poloniex account. The company confirmed that “full trading for MIR with a USDT pair: MIR/USDT will be enabled later today (as of April 25).”
As explained by Poloniex, MIR is the governance token for Mirror Protocol. MIR can be “staked to receive voting privileges and to earn a share of the protocol’s Collateralized Debt Position (CDP) withdrawal fees.”
MIR was “airdropped to UNI and LUNA holders. Currently it is distributed via yield farming to Liquidity Providers (LPs) of mAssets.” Mirror Protocol is “a decentralized derivative protocol that creates synthetic assets, incubated by Terra Protocol.” The synthetic assets are “called Mirrored Assets (mAssets).” The aim of mAssets is “to mimic the price of any assets and give investors access to more assets to invest in.”
You can deposit MIR now and start trading.
MIR Stats (as of April 25):
Market Cap: $494,001,399
24h Trading Volume: $17,222,420
Market Cap Rank: #133
24h Low / 24h High: $8.42 / $8.67
All Time High: $12.90 (April 10, 2021)
All-Time Low: $0.898899 (December 12, 2020)
Circulating Supply: 58,184,292 / 370,575,000 MIR
Poloniex is now also supporting trading with DeFi token Liquidity USD (LUSD).
Wallets are now open and you can start depositing LUSD into your Poloniex account. Full trading for LUSD “with a USDT pair: LUSD/USDT will be enabled later today” (as of April 25).
As noted by Poloniex, LUSD is “a fully redeemable USD-pegged stable coin issued by the Liquidity Protocol.” Liquidity is “a decentralized borrowing protocol that allows you to draw 0% interest loans against Ether used as collateral.” Loans are “paid out in LUSD and need to maintain a minimum collateral ratio of only 110%.” In addition to the collateral, the loans are “secured by a Stability Pool. Deposit LUSD now and begin trading.”
LUSD Stats (as of April 25):
Market Cap: $1,458,638,031
24h Trading Volume: $23,779,863
Market Cap Rank: #75
24h Low / 24h High: $1.00 / $1.02
All Time High: $1.16 (April 05, 2021)
All-Time Low: $0.952915 (April 18, 2021)
Circulating Supply: 1,444,874,467 / 1,444,874,467 LUSD
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