Dogecoin Enters Decentralized Finance

  • 📰 Utoday_en
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

.dogecoin has been integrated by DeFi protocol THORChain

This makes it possible to swap the meme coin for Bitcoin, Ether, Litecoin and other supported cryptocurrencies without relying on centralized exchanges.

Thorchain uses the automated market maker model, which means that it functions similar to such popular DEXes as Uniswap. However, the important difference is that it allows the trading of real cryptocurrencies instead of ersatz synthetic versions, such as"wrapped Bitcoin" or"wrapped ETH" .Thorchain, which was initially started in 2018 by a team of anonymous developers, launched its blockchain in April.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

dogecoin THORChain DogecoinToTheMoon

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 295. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Ethereum, Dogecoin and Shiba Inu Chipping Away at Bitcoin's Crypto Payment Market Share$ETH, $LTC, $SHIB, $DOGE are among the most popular cryptocurrencies with BitPay clients BitPay Litecoin is second!
Source: Utoday_en - 🏆 295. / 63 Read more »