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Home»Altcoins»DEFI Lending Altcoin explodes after Binance announces surprise commercial support
Altcoins

DEFI Lending Altcoin explodes after Binance announces surprise commercial support

May 6, 2025No Comments2 Mins Read
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The best exchange of crypto in the world in terms of commercial volume lists two new decentralized financial altcoins (DEFI).

According to a new announcement, Binance lists Maple Finance (syrup) and Kamino Finance (KMNO) with an applied seed label.

“Binance will enumerate Maple Finance (syrup) and Kamino Finance (KMNO) and the trading open for trading pairs of spots following 2025-05-06 15:00 (UTC).

New spot trading pairs: syrup / USDT, syrup / USDC, KMNO / USDT and KMNO / USDC. “”

The binance seed label is a classification of cryptocurrencies which are in their early stages of development and which may not yet have a fully established product or base of user. These tokens tend to be very volatile and to have greater risks of investment compared to more mature assets.

Maple Finance is a DEFI platform designed for institutional loans, offering accredited borrowers with fixed rate loans which require a substantial warranty. By taking advantage of blockchain and smart contracts, it aims to improve transparency and rationalize traditional credit markets, in order to make borrowing more effective.

The syrup responded positively to the announcement, a merchant $ 0.242 at the time of the editorial staff, up 42% compared to the day.

Kamino Finance is a DEFI platform on Solana (soil) designed to rationalize the generation of elements with automated liquidity management.

KMNO has recorded less stimulation compared to the announcement, currently up 3% in the last 24 hours, merchant $ 0.078 at the time of the editorial staff.

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Warning: Opinions expressed at Daily Hodl are not investment advice. Investors should make their reasonable diligence before making high-risk investments in bitcoin, cryptocurrency or digital assets. Please note that your transfers and trades are at your own risk and that all the losses you may undergo are your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, and the Daily Hodl is an investment advisor. Please note that the Daily Hodl is participating in affiliation marketing.

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