More choice is always there – The Crypto.com teams continue to maintain their service offering. After exchange platforms and crypto debit cards, the project launched its DeFi Swap and made possible the exchange and farming of tokens linked to decentralized finance (DeFi).
Two new large-scale projects are emerging within DeFi Swap.
The Very Promising Loopring
The first edition was announced on March 15 on the Crypto.com blog: the Loopring project (LRC). The cryptocurrency will now be available within the DeFi Swap application and will allow liquidity providers to receive rewards proportional to the commissions generated by this new pool.
The Loopring project aims to develop the best DEX (decentralized exchange) offer linked to Ethereum based on order books. To achieve this, the LRC team offers a scalability solution that could forever solve the recurring problems of Vitalik Buterin’s project.
As with all exchange pairs on the DeFi Swap, liquidity providers will increase their passive returns up to 20 times through the staking (escrow) of CRO tokens.
Involvement of Balancer Into the Game
Following an announcement on March 17, the Balancer (BAL) project joins the large family of crypto-assets available on DeFi Swap. DEX Balancer exchange pools are based on the automated market maker (AMM) model, the cornerstone of the decentralized finance movement. Thanks to its recent update, the liquidities have the particularity of being gathered within a single vault (chest).
Here too, the liquidity providers of Crypto.com’s Defi Swap will have the possibility of multiplying their returns, thanks to the staking of CRO tokens.
With nearly 30 projects now gathered in one place, the DeFi Swap app is undoubtedly the solution you need to get the most out of DeFi.
