Gemini Now Supports Maple Finance (MPL), DeFi Pulse Index (DPI), Index Cooperative (INDEX), and More

Today, we are thrilled to announce support for a new set of tokens!

The following tokens are now available deposits and custody on Gemini:

• Maple Finance (MPL)
• DeFi Pulse Index (DPI)
• Index Cooperative (INDEX)
• Ribbon Finance (RBN)
• Liquity (LQTY)
• Liquity USD (LUSD)
• Frax Share (FXS)
• Frax (FRAX)

If you don’t yet have a Gemini account, you can create one here.

Trading for each of these tokens will follow, opening first on our API/FIX and ActiveTrader applications for USD trading pairs. They will then be available on our Gemini Mobile App and website on a rolling, token-by-token basis for USD, GBP, EUR, CAD, AUD, HKD, and SGD pairs.

Follow our Twitter account @Gemini for real-time updates as these tokens become available for trading.

With the addition of these new tokens, we now offer support for more than 100 tokens! Learn more about all the tokens we support, and more, here.

We believe these tokens will provide value to our users as we continue to support the growth of the DeFi ecosystem. 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

Maple Finance (MPL)

MPL is an ERC-20 token built on the Ethereum network. Primary use cases include governance, staking, and pool cover. Lenders who interact with Maple Finance pools receive MPL-LP tokens, which can be staked to earn rewards in MPL. Maple Finance is an institutional borrowing and lending protocol built on Ethereum. Every pool created on Maple has its own sets of parameters that define various aspects of the pool, including the asset being lent to the pool, the fee structure, the capacity of the pool, who can access the pool, and lockup period, among others. Each pool on Maple Finance has a dedicated “Pool Delegate,” who performs diligence on the pool, negotiates terms with borrowers, and is tasked with liquidating the pool should there be a default.

DeFi Pulse Index (DPI)

DPI is an ERC-20 token built on the Ethereum network. DPI can be redeemed for a basket of 15 assets on the Ethereum network, including Uniswap (UNI), Aave (AAVE), and Maker (MKR). DeFi Pulse Index (DPI) is an index product built by Index Cooperative. Index Cooperative provides exposure to multiple assets through index products, including DPI, Metaverse Index (MPI) and Data Economy Index (DATA). Index Cooperative allows investors to a) mint and redeem products at will, b) provide input on the composition of indices, and c) have insight into the composition of different products.

Index Cooperative (INDEX)

INDEX is an ERC-20 governance token built on Ethereum. INDEX holders can vote on various issues including fees, new products, team composition, and treasury management. Index Cooperative provides exposure to multiple assets through index products, including DPI, Metaverse Index (MPI) and Data Economy Index (DATA). Index Cooperative allows investors to a) mint and redeem products at will, b) provide input on the composition of indices, and c) have insight into the composition of different products.

Ribbon Finance (RBN)

RBN is an ERC-20 governance token compliant with the Ethereum network. RBN holders can engage in governance by voting on proposals or making their own vaults and trading strategies. RBN can also be used to provide liquidity incentives and staking rewards for vaults. RBN can be further used as a way to mitigate black swan events, and RBN stakers insure losses beyond an agreed-upon threshold that differs by vault. Ribbon Finance is a decentralized platform that provides crypto traders with access to structured products that seek to drive yield. Ribbon Finance vaults include support for AAVE, ETH, USDC, wBTC, stETH, yvUSDC, AVAX, and SOL. The overall function of Ribbon Finance is similar to that of Yearn Finance.

Liquity (LQTY)

LQTY is an ERC-20 token built on the Ethereum network. LQTY is used for staking on the Liquity platform; as well as for incentivizing front-end operators. Liquity is a borrowing and lending protocol where users can obtain loans of Liquity’s USD stablecoin, LUSD, by staking collateral. In contrast to competitors like MakerDAO, Liquity loans carry a 0% interest rate but charge a fee for loan creation. The minimum loan size on Liquity is 2,000 LUSD. Whereas Liquity itself does not provide a frontend interface to interact with the protocol, it offers its native utility token, LQTY, to incentivize the development of frontend interfaces by third parties.

Liquity USD (LUSD)

LUSD is a USD-pegged ERC-20 token compliant with the Ethereum network. Liquity users can mint LUSD by depositing crypto onto the platform as collateral. Liquity is a borrowing and lending protocol where users can obtain loans of the Liquity USD stablecoin, LUSD, by staking collateral. In contrast to competitors like MakerDAO, Liquity loans carry a 0% interest rate but charge a fee for loan creation. The minimum loan size on Liquity is 2,000 LUSD. To obtain a loan, users deposit ether into a “trove.” Whereas Liquity itself does not provide a frontend interface to interact with the protocol, it offers its native utility token, LQTY, to incentivize the development of frontend interfaces by third parties.

Frax Share (FXS)

FXS is an ERC-20 token built on the Ethereum network. Its primary uses include governance, minting, staking, and redeeming FRAX, as well as providing liquidity incentives. To participate in Frax Finance governance, FXS can be locked in vote-escrowed FXS (“veFXS”), where voting power increases the longer a token is locked. Frax Finance is a decentralized lending platform which issues the FRAX stablecoin. Frax Finance algorithmically sustains the value of FRAX through the use of fractional collateral reserves. The collateral used on Frax Finance is split between an accepted collateral (e.g. ether) and Frax Finance’s governance token, FXS. The collateralization ratio for FRAX changes based on its price.

Frax (FRAX)

FRAX is an ERC-20 token compliant with the Ethereum network. It is an algorithmic stablecoin that aims to hover around 1 USD. Frax Finance is a decentralized lending platform which issues the FRAX stablecoin. Frax Finance algorithmically sustains the value of FRAX through the use of fractional collateral reserves. The collateral used on Frax Finance is split between an accepted collateral (e.g. ether) and Frax Finance’s governance token, FXS. The collateralization ratio for FRAX changes based on its price.