Gemini Now Supports Rally (RLY), Lido DAO (LDO), and Tokemak (TOKE)

We are delighted to support Rally (RLY), Lido DAO (LDO), and Tokemak (TOKE)!

RLY, LDO, and TOKE are now available for custody and trading on our API/FIX and ActiveTrader applications for USD trading pairs, and on the Gemini Mobile App and website for USD, GBP, EUR, CAD, AUD, HKD, and SGD pairs.

With the addition of these new tokens, we now offer trading and custody for more than 80 tokens, with an additional 15 tokens available for custody. Learn more about all the tokens we support, and more, here. If you don’t yet have a Gemini account, you can create one here.

We are proud to be the first regulated U.S. exchange to offer trading for LDO and TOKE.

We believe these tokens will provide value to our users and we will continue to support the growth of DeFi and the wider crypto community.

We look forward to supporting new crypto projects on our mission to unlock the next era of financial, creative, and personal freedom.

Onward and Upward!

Team Gemini

Updated: April 20, 2022

DeFi Tokens

Lido DAO (LDO)

LDO is an ERC-20 governance token compliant with the Ethereum network. LDO is also used to reward various DAO users and activities (as well as stETH and other assets within the treasury). Some common payments from the DAO have been grants, referral program payouts, liquidity incentives, insurance purchases, and bug bounties. Lido is a liquid staking solution for proof-of-stake (POS) blockchains, aggregating node operator partners who run the underlying validator infrastructure on the Ethereum, Solana, and Terra blockchains. The project launched in December 2020 when Ethereum 2.0 (“beacon chain”), Ethereum’s POS chain, first entered Phase 0 and only allowed users to stake on Ethereum 2.0 in multiples of 32 ETH. Once ETH is staked to the beacon chain, it cannot be bridged back to the original Ethereum (“Ethereum 1.0”). For example, Lido provides liquidity by issuing stETH in exchange for users depositing ETH, allowing them to earn staking rewards on Ethereum 2.0 while maintaining liquidity and reducing the 32 ETH requirement to any amount. When the beacon chain is rolled out, users will be able to “unstake” their stETH for the corresponding amount of ETH2 on the beacon chain. In essence, when holding any Lido st-assets, users can earn staking rewards while maintaining their liquidity. As of February 2022, Lido DAO has support for Ethereum 2.0, Solana, and Terra, with support for more POS blockchains to come. You can see the LDO price and get more information by following the link.

Tokemak (TOKE)

TOKE is an ERC-20 governance and collateral token compliant with the Ethereum network. Tokemak’s use cases include staking to reactors to govern liquidity deployment, incentivizing pools to maintain liquidity, serving as a collateral asset for LPs, and DAO governance (adding new reactors, setting fees, etc). Tokemak is a decentralized market making protocol that seeks to generate better capital efficiency for Liquidity Providers (LPs) across the DeFi ecosystem. Tokemak serves as a “liquidity router” that sits on top of decentralized exchanges, controlling the flow of liquidity as a means to provide cheaper and more seamless liquidity sourcing. Tokemak’s system is composed of “Reactors” and “Liquidity Directors”. The interaction between these allows for different protocols and DAOs to direct where their liquidity goes without having to rely on traditional incentives like high APY pools that can be inflationary. You can see the TOKE price and get more information by following the link.

Social Tokens

Rally (RLY)

RLY is an ERC-20 governance and collateral token compliant with the Ethereum network. RLY’s use cases include: governance of the community treasury (voting and proposal creation), social token creation, liquidity for creator tokens, and community Rewards. The most popular application in the RLY ecosystem is Rally, a Web3 social token platform that allows content creators, brands, and celebrities to issue tokens. These tokens can then be used for any number of reasons as defined by token issuers, for example: access to private discord channels, use within a merch shop, access to NFTs. Whenever tokens are sold back from the creator token to RLY, a percentage of the sale is allocated to the creator. Creator tokens can be purchased using the RLY token, debit/credit cards, and other popular tokens, and can be sold back for RLY and then bridged back to Ethereum mainnet. You can see the RLY price and get more information by following the link.