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Voyager to Pay Interest on DeFi Tokens to Gain Brokerage Clients
LINK, KNC and BAT bring the number of tokens in Voyager's interest payout program to 17.
Canadian cryptocurrency broker Voyager Digital is trying to woo decentralized finance (DeFi) investors by offering interest payouts on three surging DeFi tokens.
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- The publicly traded fintech said it has added chainlink (LINK), kyber network (KNC) and the basic attention token (BAT) to its crypto interest program, offering clients 1% returns on BAT and KNC and 2.5% on LINK.
- Crypto investors are already pouring millions of dollars into DeFi projects this summer, especially LINK, which posted nearly $1 billion in 24-hour trading volume, according to CoinGecko.
- Polkadot's native dot token, another heavily traded DeFi darling, was also added to Voyager's exchange earlier this week.
- Voyager did not immediately respond to CoinDesk queries.
See also: Voyager to Offer Interest on Three Newly Listed Stablecoins
Danny Nelson
Danny was CoinDesk's managing editor for Data & Tokens. He formerly ran investigations for the Tufts Daily. At CoinDesk, his beats include (but are not limited to): federal policy, regulation, securities law, exchanges, the Solana ecosystem, smart money doing dumb things, dumb money doing smart things and tungsten cubes. He owns BTC, ETH and SOL tokens, as well as the LinksDAO NFT.
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