Eosfinex, the Bitfinex-backed non-custodial alternate working on the Eos (EOS) community, introduced the itemizing of greater than 15 ERC-20 tokens
Eosfinex, the Bitfinex-backed non-custodial alternate working on the Eos (EOS) community, introduced the itemizing of greater than 15 ERC-20 tokens, primarily consisting of governance tokens of main DeFi protocols on Ethereum.
The itemizing is made potential by a collaboration with pNetwork, a crypto asset wrapping community that already introduced cryptocurrencies like Bitcoin (BTC) and Litecoin (LTC) to Eos and Ethereum. The pNetwork tokens are distinguished by their decrease case ‘p’ prefix, for instance “pBTC” and “pLTC.”
The itemizing on Eosfinex will happen in a number of phases. The primary, scheduled for Dec. 10, will deliver Uniswap’s token (pUNI), Band Protocol (pBAND), Balancer (pBAL), Compound (pCOMP) and Synthetix (pSNX). The second, on Dec. 15, will launch buying and selling for OMG Community (pOMG), Dai(pDAI), Aragon(pANT), and Loopring (pLRC). The ultimate section on Dec. 22 will add Extremely (pUOS), Augur (pREP), Fundamental Consideration Token (pBAT), 0x (pZRX), and Kleros (pPNK). Maker (pMKR), Yearn.finance (pYFI), Chainlink (pLINK) and Aave (pAAVE) will even be launched at an unspecified date.
The itemizing of this big range of tokens is geared toward bolstering the Eos DeFi ecosystem. A wide array of belongings would enable Eos-native lending and spinoff protocols to entry extra liquidity, in accordance with Eosfinex. Steven Quinn, head of product at Eosfinex, commented on the integrations:
“EOS and EOS-based organizations should ship options to fulfill this problem and strengthen the blockchain’s declare as probably the most performant, dependable, and cost-effective good contract platform. The easiest way to do that is to assist the following wave of DeFi innovation.”
Eosfinex is a hybrid non-custodial alternate that also makes use of a central matching engine — just like some Ethereum exchanges based mostly on layer two applied sciences.
PTokens work via an analogous mechanism to the RSK sidechain federation for Bitcoin. A set of validators performs the peg-in and peg-out transactions with particular {hardware} units that assure safety from most types of tampering.