New ERC-20 tokens on Qredo

Published May 25, 2021
By Qredo Team

With our latest update, we welcome 11 new ERC-20 tokens to Qredo Network.

In addition to bitcoin (BTC), ether (ETH), Tether (USDT) and USD Coin (USDC), Qredo users are now able to store, transfer, and atomic swap the following tokens:

  • Celsius Network (CEL)

  • Maker (MKR)

  • Dai (DAI)

  • Chainlink (LINK)

  • Uniswap (UNI)

  • Sushi (SUSHI)

  • Wrapped Bitcoin (WBTC)

  • Synthetix Network Token (SNX)

  • Compound (COMP)

  • Aave (AAVE)

  • 1inch (1INCH)

Celsius Network (CEL)

One of the largest crypto lenders

CEL allows holders to access premium rates for earning and borrowing on P2P lending platform Celsius.

“All of us should have our money work for us, not just us work for our money.” — Celsius founder Alex Mashinsky

Maker (MKR)

DeFi's decentralized central bank

MKR is the governance token of the MakerDAO and Maker Protocol, which allow users to issue the DAI stablecoin.

"instead of trying to do everything and try to build this end-to-end financial experience, [MakerDAO] builds the core-level platform and then allows an ecosystem to emerge on top of it." — MakerDAO founder Rune Christensen

Dai (DAI)

The first algorithmic stablecoin

DeFi darling DAI is an algorithmic stablecoin pegged to the US Dollar.

"It's like Bitcoin, but it has a stable price." — MakerDAO founder Rune Christensen

Chainlink (LINK)

Decentralized oracle network

Chainlink is LINK is the token used to pay for services on Chainlink, a tokenized oracle network that provides data collected from on-chain and real-world sources.

"Oracle networks actually reach out to the external world and they arrive at consensus about external events. And in arriving at consensus about external events, you make the events highly reliable."  — Chainlink founder, Sergey Nazarov

Uniswap (UNI)

Decentralized exchange protocol

UNI is the governance token of Uniswap, the decentralized exchange that introduced Automated Market Makers to the digital asset ecosystem.

“At its core, Uniswap is about making finance more accessible” — Uniswap founder Hayden Adams

SushiSwap (SUSHI)

Sea-food inspired fork of Uniswap

Sushi is the governance token of Uniswap fork SushiSwap, which sparked a wave of new delicacy-inspired DeFi protocols.

"The success of SushiSwap will set a precedent for many more community-run projects." — Anonymous SushiSwap founder Chef Nomi

Wrapped Bitcoin (WBTC)

Bitcoin-backed ethereum token

Wrapped Bitcoin (WBTC) is an ERC20 token backed 1:1 with $BTC, allowing bitcoin to be easily deployed in Ethereum-based DeFi protocols.

Synthetix Network Token (SNX)

Derivatives liquidity protocol

SNX tokens are used as collateral for synthetic assets minted using the DeFi protocol Synthetix.

"I think eventually we can get to a point where decentralized systems are more than capable of delivering outcomes that are equal to, if not better than centralized services." — Synthetix founder Kain Warwick

Compound (COMP)

Algorithmic interest rate protocol

COMP is the governance token of Compound, a DeFi protocol for borrowing and lending.

“Decentralization should lead to a wisdom of the crowd optimization and long-term success.” — Compound founder Robert Leshner

Aave (AAVE)

Decentralized money market

AAVE is the governance token for the lending and borrowing protocol Aave, famous for 'flash loans' that are borrowed and repaid in quick succession without the need for collateral.

“DeFi hasn't seen its climax yet. Everything you have seen or interacted with is just the beginning.” — Aave founder Stani Kulechov

1inch (1INCH)

Decentralized exchange (DEX) aggregator

1INCH is the governance and utility token of the decentralized exchange aggregator of same name.

"Soon, nobody will use centralized exchanges because they'll have lost trust in them" —1inch Co-Founder Sergej Kunz

Qredo will be adding more ERC-20 tokens as the Network grows. Stay up-to-date on Twitter, and visit our Telegram to suggest the next cryptoasset.

More news and thought leadership from Qredo