Bringing DeFi to CeFi: DeFiChain Announces Listing of DFI on Bitrue
DeFiChain, a blockchain specifically dedicated to decentralized financial applications, has announced their listing on Bitrue. DeFiChain’s native coin “DFI” will start trading live from September 21st.
It is DeFiChain’s mission to give people seamless and unrestricted access to decentralized financial services. The listing on Bitrue’s innovative exchange brings them one step further toward that goal.
With the new listing, DeFiChain aims to leverage Bitrue’s large user base and engaged community. The listing of DeFiChain’s DFI coin on Bitrue’s innovative platform is a great next step to fuel even further growth not just of DeFiChain, but of the whole DeFi industry as well.
“We believe Ethereum is a wonderful ecosystem for creating all sorts of wonderful dapps. However, with recent gas prices, it is increasingly alienating smaller players from participating in the DeFi space. DeFiChain intends to be the platform for everyone to access all possible DeFi transactions in the near future, and we’re excited to be listing on Bitrue!” said DeFiChain Foundation Chairman, Dr. Julian Hosp.
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DeFiChain’s function set includes among others:
- Decentralized Lending
- Decentralized Wrapping of Tokens
- Yield Farming
- Decentralized Pricing Oracles
- Decentralized Exchanges
- Transferable Debts and Receivables
- Decentralized Non-Collateralized Debt
Following the listing on Bitrue, DeFiChain is launching liquidity pool functionality in October 2020. This allows DeFiChain to be one of the first few non-Ethereum blockchains supporting yield farming.