I posted a while ago about the revolutionary decentralized stocks option on the DeFichain and on the CakeDeFi service.
NEW DECENTRALIZED STOCKS AVAILABLE
Now we added four new stocks to that service:
▶ $dAMZN
▶ $dNVDA
▶ $dEEM
▶ $dCOIN
Amazon, Nvidia, EEM MSCI Emerging Markets ETF and Coinbase.
_ image Source: CakeDefi
The DeFiChain is decentralized and that is why we went through a voting process to define which stocks are available for decentralized trading next.
_ image Source: CakeDefi
You can participate in the liquidity mining with decent APY on CakeDeFi service.
What is a dToken?
Decentralized Assets (or dTokens) on DeFiChain are an entirely new and revolutionary form of crypto investment. These dTokens can be created (minted) by anyone on the DeFiChain blockchain, simply by first locking a minimum of 50% DFI (with the option to add more in BTC, USDT and USDC) into a vault.
A dToken can then be minted and taken out in the form of a decentralized loan, which is collateralized by crypto. The price when minting a dToken is set by pricing oracles as a point of reference (for example, a TSLA oracle price is used to create dTSLA).
A dToken can then either be held as an investment, traded on the DeFiChain DEX, or used for Liquidity Mining on the DEX.
A dToken’s price moves freely and independently of the oracle price, depending on supply and demand of a given dToken on the DeFiChain DEX. In order to close a loan and get back the collateralized cryptocurrencies, the corresponding dToken has to be paid back with interest, all of which is visible when a user takes out a decentralized loan.
A dToken can also be purchased directly on the DeFiChain DEX without having to take out a loan. This is applicable for investors who want to invest in decentralized assets without the need for collateralization or dealing with loan interests.
_ Quote DeFiChain Blog
SIGN UP BOOST UNTIL FEBRUARY 10
If you sign up with the referral link https://app.cakedefi.com/#?ref=442675 or code "442675" you get the 30$ referral + 8 DFI (which is worth 20$) on top of it. Let me know if you have any questions about the project.
_ image Source: CakeDefi
Disclaimer
This is no financial advice. Everything written is my opinion only and you should do your own research. Investing in Bitcoin and other cryptos, lending, DeFi, liquidity mining are high risk investments. You could lose everything, only invest what you can afford.
Bear in mind that some of the links in this post are affiliate links and if you go through them to make a purchase I will earn a commission. Keep in mind that I link these companies and their products because of their quality and not because of the commission I receive from your purchases. The decision is yours, and whether or not you decide to buy something is completely up to you.
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