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3.30%Kraken Adds 3 DeFi Tokens – COMP, KAVA, KNC
Riding the surge of interest in yield farming, cryptocurrency exchange Kraken is listing three tokens from the world of decentralized finance.
Riding the surge of interest in yield farming, cryptocurrency exchange Kraken is listing three tokens from the world of decentralized finance (DeFi).
STORY CONTINUES BELOW
- Compound (COMP), Kava (KAVA) and Kyber Network (KNC) will be listed by Kraken starting July 15, the company announced Tuesday in a blog post.
- COMP is the governance token that kicked off DeFi's recent boom. Following its June 15 debut, the token was promptly added by Coinbase and others.
- Kava is a DeFi platform backed by Binance, Huobi and OKEx.
- Kyber Network is a decentralized exchange (DEX) whose KNC token became the runaway hit of early 2020. The firm recently announced the creation of a new type of yield farming, in which it would share trading fees with KNC token holders.
- In addition to the three DeFi tokens, Kraken announced it will also list Storj (STORJ), a token that powers a blockchain-based data storage network.
Read more: Kyber Network Is Bringing Yield Farming to DEXland
Zack Seward
Zack Seward is CoinDesk’s contributing editor-at-large. Up until July 2022, he served as CoinDesk’s deputy editor-in-chief. Prior to joining CoinDesk in November 2018, he was the editor-in-chief of Technical.ly, a news site focused on local tech communities on the U.S. East Coast. Before that, Seward worked as a reporter covering business and technology for a pair of NPR member stations, WHYY in Philadelphia and WXXI in Rochester, New York. Seward originally hails from San Francisco and went to college at the University of Chicago. He worked at the PBS NewsHour in Washington, D.C., before attending Columbia’s Graduate School of Journalism.
