Demex launches LEND and BORROW pools for $bNEO

Nitron a product of Demex, will launch LEND and BORROW pools for $bNEO, the divisible NEP token version of $NEO......

Stevenson

• Updated: Monday, December 26, 2022, 19:19

Share

Nitron a product of Demex, announced that they will launch LEND and BORROW pools for $bNEO, the divisible NEP token version of $NEO which can be minted from $NEO and redeemed to $NEO 1:1 on Dec 20, 2022, has launched now.

With this feature, all NEO fans, traders, and holders can now collateralize $bNEO(Burger NEO) to mint Demex and Carbon protocol's native stablecoin $USC.

Demex has integrated bNEO lending and borrowing into Nitron, the non-custodial exchange’s multi-chain permissionless money market. Each of the lend and borrow pools will have US $2,250 in bNEO incentives, which will be distributed as rewards over the next four weeks.

At the time of writing, approximately 35,132 bNEO has been pooled, which users can borrow at a 2.48% interest rate.

This article was originally published on: Dec 26, 2022 at 19:19 PM

DISCLOSURE

CoinNeutral is a source of information on cryptocurrency, digital assets & markets, acquired and compiled from various sources. CoinNeutral strives for highest standards in the information published by verifying and factchecking before publishing.