OKEx Lists Six New Blockchain Protocol Tokens This Week

OKEx, a Malta-based cryptocurrency exchange, announced that it has increased its product diversity for users by listing six new innovative projects this week. OKEx users can now invest in spot trading pairs of popular tokens, including API3, COVER, HEGIC, PICKLE, KP3R and NuCypher's decentralized cryptological network token NU, against USDT, BTC and ETH. 

With the addition of these latest cutting-edge blockchain protocol tokens, OKEx once again reinforces its support for the furtherment of the DeFi industry as well as the continued development of the decentralized web.

Cover Protocol (COVER) provides peer-to-peer coverage with fungible tokens, allowing the market to set coverage prices as opposed to a bonding curve, and protecting DeFi users against smart contract risk. Hegic (HEGIC), on the other hand, is an on-chain options trading protocol built on Ethereum for trustless creating, maintaining and settling of hedge contracts, while Pickle Finance (PICKLE) provides another option for keen yield farmers, making it easy for users to earn generous compounding yields on their deposits by farming, staking and swapping.

Keep3r (KP3R), API3 (API3) and NuCypher (Nu), meanwhile, are focused on building out the decentralized web with secure tools and innovations. Keep3r is a decentralized job-matching platform for connecting external DevOps with projects. API3 provides decentralized APIs for Web 3.0 that allow developers to create powerful DApps using decentrally governed and quantifiably secure data feeds, and NuCypher is a decentralized cryptological network offering accessible, intuitive and extensible runtimes and interfaces for secrets management. Its network is permissionless, censorship-resistant and accessible to anyone.

"We are extremely pleased to see the constant avant-garde thinking that comes out of the DeFi economy, with further innovations such as Hegic's on-chain options contracts and even more flexible yield-farming propositions from Pickle Finance. It's also refreshing to see projects such as Cover Protocol actively seeking to protect DeFi users from smart contract vulnerabilities and make transacting in the space safer," said OKEx CEO Jay Hao.