CoinEx Weekly Recap, 3–9 May 2021

Dear CoinEx users, to keep you updated each week, we will share with you a recap of all the exciting events of the previous week. Below are major events that occurred in the ecosystem over the 3–9 May 2021.

Ongoing Activities

To provide more trading options, after rigorous reviews, CoinEx has listed BRG and supported Automated Market Making (AMM) at 8:00 on May 7, 2021 (UTC), and launched “BRG Listing Campaign: Deposit&Trade BRG and Hold CET to Share 40,000 USD Worth of BRG” event.

Listing

About SHIB
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The token, SHIB, is an experiment in decentralized spontaneous community building. Shiba Inu Ecosystem is a vibrant ecosystem with decentralized meme tokens ($SHIB, $LEASH and $BONE) and the functions of decentralized exchange (ShibaSwap) as well as artist incubator.

About ALPACA
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Alpaca Finance is the largest lending protocol allowing leveraged yield farming on Binance Smart Chain. It helps lenders to earn safe and stable yields, and offers borrowers undercollateralized loans for leveraged yield farming positions, vastly multiplying their farming principals and resulting profits.‌

About FTM
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Fantom is a directed acyclic graph (DAG) smart contract platform providing decentralized finance (DeFi) services to developers using its own bespoke consensus algorithm.

About CTSI
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Cartesi is an off-chain decentralized computation platform. Cartesi is unique in the sense that it allows decentralized applications to be run on Linux in a way that’s verifiable by the blockchain. Complex processing can be executed off-chain free from blockchains’ computational limits and corresponding fees.

About WAN
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Wanchain is a distributed ledger that achieves the interconnection and interoperability between different blockchain networks. Wanchain adopts a Proof of Stake (POS) consensus mechanism for ordinary transactions and implements consensus and incentive mechanisms for cross-chain transactions.

About FET
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Fetch.ai, a Cambridge-based artificial intelligence lab, is building a decentralized machine learning platform based on a distributed ledger, that enables secure sharing, connection and transactions based on any data globally.

About TRB
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The Tellor Oracle provides a trustless and decentralized alternative for off-chain data. It provides the infrastructure for decentralized applications to query off-chain data by properly incentivizing miners to provide data

About RLC
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iExec is building the future of the Internet infrastructure by decentralizing the cloud computing market. It is the first blockchain-based cloud computing marketplace.

Announcements

All AMM markets except for CET/BTC, CET/BCH, CET/ETH, CET/USDC, CET/USDT adjusted rate from 60% to 50%.

To promote healthy development of CoinEx ecosystem, further realize our vision of building a world-class crypto asset trading platform, and bring more-than-ever benefits to those who have been constantly making great contributions for CoinEx ecosystem, we are thrilled to reveal CoinEx referral program upgrade.

CoinEx Institution: AMM Research Report

Automated Market Makers (AMM) constitute part of the decentralized finance (DeFi) ecosystem. They allow non-custodial and automated trading of digital assets through liquidity pools instead of the traditional buyer and seller market. AMM users provide encrypted tokens for the liquidity pool, the price of which is determined by a constant mathematical formula. The liquidity pool, which can be optimized for different purposes, serves as an important tool in the DeFi ecosystem.

ABOUT CoinEx

As a global and professional cryptocurrency exchange service provider, CoinEx was founded in December 2017 with Bitmain-led investment. It is a subsidiary brand of the ViaBTC Group, which owns one of the largest BTC mining pool, which is also the largest of BCH mining, in the world.

CoinEx supports perpetual contract, spot, margin trading, and other derivatives trading, and its service reaches global users in nearly 100 countries/regions with various languages available, such as Chinese, English, Korean and Russian.

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