Coinbase caused a 107% explosion in Altcoin after listing a large number of Ethereum-based crypto assets

The decentralized finance (DeFi) altcoin has soared after being added to the list of digital assets of a US cryptocurrency exchange.

Queen Piece Says The DeFi Yield Protocol (DYP) and five other Ethereum-based currencies will start trading paired with Tether (USDT) once the appropriate liquidity conditions are met.

DeFi Yield Protocol aims to provide users with the ability to share Ethereum (ETH), Binance Coin (BNB), and Avalanche (AVAX) to earn a fixed annual interest rate of 25% (APR).

The project’s website says that DYP is working on a wide range of products for the decentralized ecosystem, and strives to be “available to both novice and advanced users” through a combination of DeFi, non-fungible tokens (NFTs) and metaverse games.

The DeFi Yield Protocol is up 107% over the week and is trading at $0.43.

Also joining Coinbase is the data privacy protocol HOPR, which aims to solve what it calls Web3’s Achilles heel by masking metadata to preserve transport layer privacy.

At the time of writing, HOPR is in the green at about 5% per day and turns hands at $0.13.

Next up is Math (MATH), a modular blockchain developing a crypto wallet that goes beyond just storing tokens by catering to the needs of applications as well.

The math is up, too, up 19.39% on the day at $0.14.

Another alternative currency to join Coinbase is the PARSIQ (PRQ) blockchain transaction tracking protocol, which monitors blockchain events in real time and provides analytics options for a variety of industries.

The Ethereum-based PRQ token powers the project’s ecosystem. Owners can lend their coins and earn passive income by betting in liquidity pools.

PARSIQ is up 10.34% on the day so far and is valued at $0.14.

Elastos (ELA) is a decentralized, community-based ecosystem designed to embrace all the capabilities of Web 3.0. The project provides tools for application developers and designed a crypto wallet called Essentials.

Elastos is currently down about 6% with an asking price of $1.53.

The latest on Coinbase’s list of new assets is Aleph.im (ALEPH), a decentralized cloud computing tool that aims to simplify the implementation process for DeFi and Web3 users.

At the time of writing, Aleph.im is down about $0.25.
Check price action

Don’t miss out – sign up to get encrypted email alerts delivered straight to your inbox

Follow us
TwitterAnd Facebook and Telegram

Browse The Daily Hoodle Mix

nbsp

Check out the latest news headlines

Disclaimer: The opinions expressed in The Daily Hodl are not investment advice. Investors should perform their due diligence before making any high-risk investments in bitcoin, cryptocurrency or digital assets. Please be aware that your transfers and transactions are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend buying or selling any cryptocurrency or digital assets, and The Daily Hodl is not an investment advisor. Please note that The Daily Hodl is involved in affiliate marketing.

Featured Image: Shutterstock / teez / Nikelser Kate

Leave a Reply

%d bloggers like this: