Poloniex Lists LEND, BAL, LRC, and REN
On June 24, 2020, Poloniex announced they will be listing Aave (LEND), Balancer (BAL), Loopring (LRC), and Ren (REN). The new trading pairs for these listings will include LEND/USDT, LEND/BTC, BAL/USDT, BAL/ETH, LRC/USDT, LRC/BTC, REN/USDT, and REN/BTC.
What is Aave (LEND)?
Aave is an Ethereum based lending protocol. Using smart contracts, users can lend and borrow various ERC-20 tokens.
What is Balancer (BAL)?
Balancer is used to create tokenized baskets of cryptocurrencies. These baskets of assets can rebalance over time.
What is Loopring (LRC)?
Loopring is a DEX protocol. The advanced architecture allows for asset transfers to take place in bundles during each on-chain transaction.
What is Ren (REN)?
Ren is a protocol for asset transfers across blockchains. The wrapped assets can be issued on new chains in a permissionless manner.
LEND, BAL, LRC, and REN will be available for spot market trading through the Shrimpy application for all Poloniex customers. Sign up today to begin automating your crypto portfolio!
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