On January 11, 2022, DMEX, the decentralized mining platform has made an announcement about its strategic partnership with channels. Channels is a decentralized lending portal that gives special importance to the security of its users. Not only this, but it also supports LP smart staking pool as well as LP collateral loan. The channels had been used on the Heco chain as well as BSC. In the future, Channels, as well as DMEX, will make full collaboration in DeFi asset security, cross-chain protocol, user community as well as system integration of all their loan products. Both of these platforms endeavors to make a further contribution to the complete DeFi ecosystem.
About Channels
Channels are the key multichain DeFi lending portals. The users can make a deposit which includes LP tokens as well as a single token, and borrow receiving platform token CAN rewards. Channels, as a new generation of DeFi lending protocol, grew swiftly to become the world’s fourth-biggest lending platform in just seven months, as well as the world’s largest LP mortgage lending platform, and has never had a security problem.
In addition, Channels has recently introduced HECO and BSC. TVL has been ranked number one on HECO. It has become the second popular lending portal on the second day of BSC’s launch. On the two platforms, it is also the largest LP mortgage loan platform, and mining revenue has long been the greatest on BSC and HECO.
About DMEX
DMEX is the first decentralized mining power financial service platform of the world that offers a unique NFT tokenization solution for different underlying assets like IPFS, Filecoin, BTC as well as ETH mining power based on the ERC-721 protocol. DMEX is even compatible with several smart contracts as well as public chains based on the Ethereum architecture like Huobi Heco Chain and Binance Smart Chain. DMEX overcomes the transparency issue of existing cloud mining platforms, mitigates flight risk, and enhances mining power asset liquidity by tokenizing mining power assets into NFTs and incorporating the DeFi protocol.
Not only this, but DMEX also aims to construct a comprehensive mining solution system and develop a global financial infrastructure for satisfying the crypto mining requirements of millions of users worldwide. Security, transparency, openness, and self-governance are DMEX’s basic values. DMEX is establishing a strong basis for the next Web 3.0 age and the diversified metaverse world with this mindset in mind.
Source: https://www.cryptonewsz.com/dmex-has-reached-a-strategic-partnership-with-channels/