Obscure Altcoin Built on Ethereum Surges 407% , Coinbase Includes It to Listing Roadmap
When the big boys of the Crypto Sector are having a difficult time, one decentralized finance (DeFi) altcoin is surging 407% and the top US Crypto exchange Coinbase Includes It to Listing Roadmap. Coinbase has added four new crypto assets on the path to joining its roster.
Three More Altcoins Join Coinbase Trading Platform
Coinbase in an announcement said that it in the near future plans to add DeFi Yield Protocol (DYP), along with three other altcoins to the trading platform. The other crypto assets which has been added include Automata Network (ATA), Chain (XCN), DeFi Yield Protocol (DYP), Marlin (POND).
DeFi Yield Protocol enables users to stake Ethereum (ETH), Binance Coin (BNB) and Avalanche (AVAX) to profit 25% APR (Annual Percentage Rate).
As per the project website DYP is in the process of developing a wide range of products for the decentralized ecosystem in a way that it is accessible for the novice as well as advanced users. This will be effected via a combination of DeFi, non-fungible tokens (NFTs) and metaverse gaming. Its partners include Chainlink, Avalanche and Coin98.
DeFi Yield Protocol is presently surging by 45.8% and trading for $0.185. At one point, DYP was up 407% on the initial news from Coinbase. Also rubbing shoulders will be is Marlin (POND), a high-performance layer-zero blockchain networks that boasts of providing high-quality infrastructure for the decentralized web. Marlin calls itself the unassuming underbelly of the decentralized economy specialized for providing crucial solutions for scaling and user privacy. Marlin also provides the advantage to customize bandwidth and launch several types of networks. Marlin is also going great guns and changing hands for $0.01155.
Altcoin XCN provides governance and utility
Ethereum-based cloud blockchain protocol based native token XCN provides governance and utility. Despite the prevalence of gloom in the crypto sector the company is on a hiring spree. It also informed that it has burned 2.6 billion worth of XCN, more than 22% of the token’s total supply, under a new governance shift.