New Listings: AAVE, CRV, GALA & SUSHI
Our team considered pulling a double or triple whammy with today’s asset listing, but we just couldn’t decide on which assets to add to the platform, so we added four assets instead. Does that count as a quadruple whammy? We don’t know… Anyway, Aave, SushiSwap, Gala Games and Curve’s native tokens are now on Nexo. Enjoy the new DeFi energy on the platform!
- Buy & Exchange: Purchase AAVE, CRV, GALA and SUSHI on Nexo, and get it in your wallet immediately. You’ll also get some free crypto for each purchase and exchange transaction you make.* You can also convert to and from AAVE, CRV, GALA or SUSHI on the Nexo Exchange.
- Top Up: Transfer AAVE, CRV, GALA and SUSHI straight to your Nexo account and benefit from our user-friendly Exchange, Instant Crypto Credit Lines, and Booster features.
- Borrow: Use AAVE, CRV, GALA and/or SUSHI as collateral and borrow cash or stablecoins.
- Boost: Use the Nexo Booster and get 3x the buying power of your AAVE, CRV, GALA or SUSHI to get more of it or any other crypto!
*The amount of free crypto you receive depends on your Loyalty tier. The higher your tier, the more crypto you get. Ex. Platinum users get the full 0.5% of your original transaction in crypto rewards.
Why the DeFi Token Bonanza?
Since 2018, Nexo has been strongly engaged with various decentralized protocols in the backend of our operations. Over the course of 2021 and the start of 2022, we have increased our interest and work with DeFi radically by working with protocols to create institutional-friendly products and making strategic investments in early-stage companies through our investment arm.
Aave, SushiSwap, Gala Games and Curve embody the potential of decentralized finance. With our newest asset integrations, Nexo adds flexibility and usability to the benefits of these platforms and their respective tokens, creating a user-friendly, seamless gateway for institutions, and investors of all kinds to benefit from what DeFi has to offer.
Buy AAVE, CRV, GALA & SUSHI on Nexo
Our Exchange enables you to purchase Aave, SushiSwap, Gala Games and Curve’s tokens instantly with your Visa/Mastercard debit and credit cards, or by swapping other cryptocurrencies for them. Since we’re adding a whole four assets to the platform this week there are plenty of new pairs to check out:
Leverage Available for DeFi Tokens
The Nexo Booster is also available for AAVE, CRV, GALA and SUSHI so you can buy larger amounts of these top-notch DeFi assets if you decide.
Crypto Credit Lines for AAVE, CRV, GALA & SUSHI
Nexo’s Instant Crypto Credit Lines are available for your AAVE, CRV, GALA & SUSHI – borrow cash or stablecoins against these assets, without having to sell them. View the details on a standard Nexo credit line below:
- Interest rates starting from 0% when borrowing with an LTV of under 20%. Can a bank beat that?
- A permitted LTV of 30% for SUSHI, CRV and AAVE, and 25% for GALA.
- A minimum borrowing amount of just $50
- No credit checks
- No monthly repayments
- No origination fees
- Instantly settles in your account – from application to approval in seconds
For more information on Nexo’s Loyalty tiers and Instant Crypto Credit Line interest rates click here.
To get better borrowing rates, more free crypto, and many other upgrades on Nexo, check out our Loyalty program.
Adding new assets to our platform has become a full-time job for part of the Nexo team and we’re thrilled to be able to consistently deliver new market opportunities to you through our platform and products. And just to give you that final pinch of FOMO – our new assets team has no intention of slowing down soon, so keep an eye out for more listings.
Aave is a household name in the DeFi industry. As an open-source, non-custodial liquidity protocol, Aave enables users to earn interest and borrow assets. The platform was originally known as ETHLend which launched in 2017 before rebranding to Aave (which means “ghost” in Finnish). The AAVE token provides holders with discounted fees on the platform while also serving as a governance token.
Launched in January 2020, Curve is a decentralized exchange for stablecoins that manages liquidity via an automated market maker (AMM). This protocol is a well-known player in DeFi, especially following its impressive growth in the second half of 2020. Since then in mid-2021, Curve launched its DAO which connects smart contracts for users’ deposited liquidity, along with its native CRV token.
About Gala Games
Gala Games is the GameFi enterprise that aims to make decentralized gaming more engaging by giving players control of the games and in-game assets through blockchain technology. The in-game non-fungible tokens (NFTs) provide players with influence in the governance of games within the Gala Games ecosystem in addition to providing voting power over what games Gala should develop. Gala Games operates and thrives through its in-house utility token GALA. Since launching in 2019, the ecosystem has grown to 1.3 million monthly active users, having released Town Star and an NFT collectible series (VOX).
SushiSwap is an automated market maker (AMM) – a decentralized exchange that uses smart contracts to create markets for all sorts of token pairs. SushiSwap launched in September 2020 and is a result of a Uniswap fork. SushiSwap’s goal is to diversify the AMM market while adding innovative new features that have not yet been explored in the DeFi space. SushiSwap’s native token, the SUSHI, gives its holders control over the protocol via governance rights and pays them a portion of fees.