OKEx Adds Two More DeFi Tokens – DIA and PNK
OKEx, the leading cryptocurrency spot and derivatives trading platform has announced the listing of two new tokens – DIA and PNK, belonging to Decentralised Information Asset and Kleros platforms, respectively. These latest listings further strengthen the trading platform’s role in promoting widespread usage of DeFi.
Decentralised Information Asset (DIA) is a verified, transparent oracles platform that provides reliable data feeds while ensuring scalability. These feeds serve as inputs for DeFi applications across different verticals including lending & margin trading, derivatives, prediction markets, insurance, and benchmarks. The data is sourced from primary sources, database hashed on-chain and made available through oracles and API endpoints for easy access.
On the other hand, Kleros (PNK) offers an open-source online dispute resolution platform that leverages blockchain technology and crowdsourcing to fairly adjudicate disputes. Created by France based Coopérative Kleros, the platform is currently playing an important role in solving disputes related to exchange listing procedures, among others.
Regarding the newly listed projects, OKEx CEO Jay Hao said, “ We’re very encouraged to see the giant strides being taken in the DeFi economy” Further adding, “As a real alternative solution to traditional financial services grows up around us, offering people the change to make significant returns on their investments, it is essential that the space grows sustainably and with accurate price data that is free from manipulation and effective dispute resolution mechanisms to protect users’ interests. To that end, we are pleased to be listing DIA and PNK in order to further support DeFi’s progress.”
Spot trading of DIA against USDT went live at 12:00 PM UTC on August 18, 2020, followed by the inclusion of support for DIA/ETH pair an hour later. The latest development also had a hugely positive effect on the token’s performance as DIA witnessed a 60% increase in its value soon after it went live on OKEx. Meanwhile, PNK spot trading against USDT and ETH went live on OKEx at 8:00 AM and 9:00 AM UTC on August 19, 2020 — the same day when DIA withdrawals were enabled on OKEx. Users will be able to withdraw PNK from the platform starting at 9 AM UTC on August 21, 2020.
At present OKEx has a total of 19 DeFi tokens listed on its platform, including DIA and PNK. It also has a recently launched OKEx Oracle, a secure signed price feed similar to ones offered by DIA for reliable on-chain prices.
“With more than $6 billion of locked value in DeFi protocols, it’s clear that we are not going to see a retraction in DeFi any time soon. As banks offer their customers near-negative yields on savings and high interest rates on loans, DeFi provides an extremely attractive alternative. We’re thrilled to be leading the way alongside outstanding projects like these and are excited to see how far DeFi progresses in the future,” said Jay Hao.