Apr 28, 2021
Gemini Supports New DeFi, Metaverse, Data Storage, and Infrastructure Tokens
We are delighted to support a new set of DeFi, metaverse, data storage, video streaming, and infrastructure tokens. Trading and custody are now available for Somnium Space (CUBE), BarnBridge (BOND), Injective Protocol (INJ), Livepeer (LPT), Polygon (MATIC), and SushiSwap (SUSHI).
These six tokens are available for trading on our API/FIX and ActiveTrader™ applications for USD trading pairs, and on our mobile application and website for USD, GBP, EUR, CAD, AUD, HKD, and SGD pairs.
Ocean Protocol (OCEAN) remains available for custody.
With these new tokens, we now offer trading and custody for a total of 39 cryptos, with a further 11 cryptos available for custody. Learn more about all the cryptos we support here.
We are proud to be the first regulated platform in the United States to offer trading and custody support for CUBE, BOND, INJ, and LPT.
We look forward to supporting new crypto projects on our mission to empower you, the individual, through crypto.
Onward and Upward!
Note: DeFi presents unique risks. The listing of a DeFi token on Gemini does not indicate that Gemini or any regulatory authority has endorsed the underlying project or protocol. While some of our customers may choose to participate in the DeFi ecosystem, Gemini makes no recommendation that they do so.
Updated: May 10, 2021
Learn more about these new tokens below:
BOND is an ERC-20 utility and governance token native to the BarnBridge network. BarnBridge is a tokenized risk protocol that allows users to hedge against yield sensitivity and price volatility. It does so by accessing debt pools on other decentralized finance (DeFi) protocols, and creating multiple assets within a single debt pool with varying risk/return characteristics. The platform offers investments in senior and junior tranches, where senior tranche investors receive fixed interest payments and the remaining proceeds go to junior investors who can max out at higher interest rates but don’t have guaranteed payouts. You can see the BOND price and more information by following the link.
SUSHI is an ERC-20 governance token associated with the SushiSwap decentralized finance (DeFi) platform. The SushiSwap platform is a decentralized exchange (DEX) built on Ethereum that uses an automated market-maker (AMM) rather than a traditional order-book to facilitate trades. Instead of matching individual buy and sell orders, users pool two assets to provide more liquidity for trading pairs (i.e., ETH/SUSHI). SushiSwap began as a fork of Uniswap, but has since evolved into a more diversified, grassroots alternative. You can see the SUSHI price and more information by following the link.
Injective Protocol (INJ)
INJ is an ERC-20 utility token that has a variety of use cases on the Injective Protocol, which includes providing market making incentives, governance, and block validator rewards. Injective Protocol is a decentralized exchange (DEX) for perpetual swaps, futures, margin, and spot trading. Unlike other DEXes (e.g. UniSwap, SushiSwap), Injective Protocol is not an automated market maker (AMM), relying instead on order book relayers (also known as order matchers) to manage liquidity. The protocol also supports generalized smart contract execution through a modular implementation of the Ethereum Virtual Machine (EVM) on top of the Cosmos-SDK (based on Ethermint). Injective Protocol aims to decentralize crypto trading and solve issues stemming from order collusion and front-running. You can see the INJ price and more information by following the link.
Somnium Space (CUBE)
CUBE is an ERC-20 token native to the Somnium Space ecosystem. CUBE can be used to purchase virtual assets, pay for goods and services in the metaverse (i.e., rent land, pay for games and events), as well as reward players with good “Karma.” Somnium Space is a Virtual Reality world on the Ethereum blockchain (or metaverse), where players can buy land, build or import NFTs, explore, and trade. Participants can instantly join from any device via Somnium WEB client or download the Somnium application locally on their computer to immerse themselves into persistent worlds via virtual reality (VR) headsets like Oculus, HTC, VIVE, HP, and others. You can see the CUBE price and more information by following the link.
MATIC is an ERC-20 token native to the Polygon Network that serves multiple purposes, including paying for transaction fees, staking, and governance. Polygon (formerly known as the Matic Network) is a Layer-2 solution on the Ethereum network. It provides scalable, secure, and instant transactions using sidechains. Based on an adapted implementation of the Plasma framework, Polygon optimizes for asset security and employs a decentralized network of Proof-of-Stake (PoS) validators. Decentralized application (DApp) developers can leverage the Polygon network for its fast transaction speed and low transaction cost. You can see the MATIC price and more information by following the link.
Data Storage Tokens:
Ocean Protocol (OCEAN)
OCEAN is an ERC-20 payment token and serves as the Ocean Protocol’s native token. The Ocean Protocol is a decentralized data exchange protocol that aims to make data and services universally available for artificial intelligence (AI) applications and more. Data consumers spend OCEAN tokens to access datasets and run AI and machine learning (ML) models via marketplaces. Data providers earn OCEAN tokens for delivering data and services to the network. Token holders can participate in the Ocean Protocol’s decentralized autonomous organization (DAO) governance where 1 OCEAN token is worth 1 vote. The OCEAN DAO, however, is non-binding as the Ocean Foundation has the final say on whether to implement changes to the protocol. You can see the OCEAN price and more information by following the link.
Video Streaming Tokens:
LPT is an ERC-20 token and serves as the protocol token on the Livepeer network. Participants who want to perform validation work on the Livepeer network must stake LPT. Livepeer is a decentralized video streaming network built on the Ethereum blockchain and aims to decentralize live video broadcasts over the internet. Its Livepeer Media Server (LPMS) product offering is an open-source implementation of a media server that provides all of the features necessary for decentralized application (dApp) developers and existing broadcasters to build live video functionality into their applications. You can see the LPT price and more information by following the link.