What Are DeFi Tokens?

DeFi tokens are an asset similar to coins. They can also be a type of cryptocurrency, however, tokens are created on a pre-existing blockchain.

For example, Ethereum’s coin is Ether, while tokens like UniSwap and Compound are non-native cryptocurrencies constructed on the Ethereum blockchain.

They can come in many different variations, like payment tokens, governance tokens, and utility tokens.

Source: Taxbit.com


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5+
Blockchains
12% APY*
Across DeFi*
50+
Tokens Supported