Bitcoin DeFi Provider DeFiChain Launches New dTokens

Bitcoin DeFi Provider DeFiChain Launches New dTokens
  • Four additional decentralized tokens are available on DeFiChain’s DEX.
  • DeFiChain offers users price exposure to their preferred assets without geographical restrictions.

Four new decentralized tokens have been added to the DEX of DeFiChain, the leading blockchain in the world on the Bitcoin network. DeFiChain aims to make decentralized financial apps and services accessible to everyone, as it, the newly added dTokens are, Wal-Mart ($dWMT), Unilever ($dUL ), US Oil Fund ($dUSO), and US Gas Fund ($dUNG).

It offers users price exposure to their preferred assets without geographical restrictions, which is an alternative to traditional finance agents. Users will now be able to create and trade this decentralized asset to have price exposure to the stocks and ETFs without leaving the DeFi ecosystems. Additionally, they can purchase dTokens on the DeFiChain DEX, even in tiny units.

Benjamin Rauch, VP of Marketing at DeFiChain Accelerator, stated, 

New listings on DeFiChain are driven by the community. Since commodities are a hot topic right now, the community decided to list two commodity related tokens, which shows the real power of decentralization. On DeFiChain everybody can participate in building the financial tools of tomorrow.

dTokens on DeFiChain Platform

A dToken can be used for Liquidity Mining on the DEX, exchanged on the DeFiChain DEX, or stored as an investment. By placing BTC, DFI, dUSD, USDT, or USDC as collateral in the DeFiChain Vault, users can mint dTokens on the DeFiChain network.

Furthermore, dTokens are not “securities” issued by a firm or significant institution means that they do not grant users ownership, voting rights, dividends, or any other advantages accessible to investors, only price exposure. The dTokens track and reflect many parameter changes instead of just showing a real stock price, and they use oracles to gather those data.

A journalism graduate who is passionate about writing loves to dance and travel currently starts exploring blockchain technology.