The two new cryptocurrencies, DMM Governance Token (DMG) and Celo Gold (CELO) were listed on July 16, with spot trading against USDT and BTC going live the next day on July 17.

While Celo offers the necessary financial infrastructure, the other project DeFi Money Market, DMM in short offers blockchain-powered, asset-backed lending solution.

The listing of these two projects closely follows another important DeFi project Compound whose COMP tokens were also listed a few weeks ago.

From passive income to digital currency lending, as an innovator in the industry, OKEx has been expanding our footprint in this growing arena.

Further adding, We are very pleased to see projects such as DMG and CELO with innovative breakthroughs in the lending and stablecoin fields as we believe that they represent the future innovative direction of DeFi and blockchain.

They have also previously stated that stablecoins will play a vital role in that mission.

Meanwhile, the term DeFi itself is relatively new, first coined in August 2018 by Brendan Forster co-founder of a crypto-lending platform Dharma.

Stablecoins, lending, and decentralized exchanges are other popular applications of DeFi which can meet many real-world financial needs.

However, the platform is enthusiastic about working together with all the stakeholders in the global financial system to address a much larger issue of unbankedness.

As a pioneer in the industry, we are very willing to cooperate with it to promote the further development of DeFi.

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