We’re excited to announce the listing of five new crypto assets on the Altify Platform! The new additions include: 

1. Pendle (PENDLE)

2. Jupiter (JUP)

3. Bonk (BONK)

4. Injective (INJ)

5. Stacks (STX)

Each of these assets brings unique features and capabilities to the platform, offering our users a diverse range of investment opportunities. Let’s dive into what makes each of these assets special.

Pendle (PENDLE)

Pendle (PENDLE) is a decentralised protocol that brings the traditional interest rate swap market to crypto yield-bearing tokens. Pendle’s unique dual-token system splits yield-bearing tokens into their principal and yield components. Principal tokens represent the principal of the original asset that trades at a discount and yield tokens represent the future yields of that asset.

Users can trade the yield token and principal token on the Pendle Automated Market. By creating a market for DeFi yield, Pendle enables users to buy assets at a discount, hedge against yield downturns, buy a yield return or fix yield rates with adjustable periods.

Pendle’s native token, PENDLE, is central to the protocol’s governance, allows holders to vote on significant decisions and incentivises various ecosystem activities. PENDLE can also be locked to entitle holders to rewards from trading revenue, channel incentives and yield.

Jupiter (JUP)

Jupiter (JUP) is a decentralised exchange aggregator built on Solana.

Jupiter is designed to provide users with optimal liquidity and advanced trading features such as limit orders, dollar-cost averaging (DCA) orders, and perpetual futures.

Jupiter’s innovative order routing system aggregates trade data and price feeds from over 30 decentralised exchanges and liquidity pools, ensuring that its trading algorithm splits a user’s trade across optimal trading venues and receives the best possible rates with high speed.

Jupiter’s native token, JUP, facilitates governance within the ecosystem, allowing token holders to influence protocol decisions and future developments.

Injective (INJ)

Injective (INJ) is a Layer 1 blockchain designed and purpose-built to power the next generation of decentralised finance (DeFi) applications. 

Injective provides robust out-of-the-box modules, such as a completely decentralised orderbook that can be utilised to build a diverse array of sophisticated applications. Its infrastructure enables the creation of a wide range of financial products, including decentralised exchanges, prediction markets, and various on-chain strategies. 

Injective is built with the Cosmos SDK and uses a Tendermint-based Proof-of-Stake consensus mechanism to drive instant transaction finality at near-zero cost. 

Injective’s native token, INJ, is used within this ecosystem primarily for governance, staking to secure the network and as a means of exchange.

Bonk (BONK)

Bonk (BONK) is the first memecoin on Solana featuring a cartoon version of a Shiba Inu dog inspired by the popular memecoin, Dogecoin (DOGE).

Originating in the wake of the 2022 FTX Collapse, BONK was designed to be a morale boosting token for the Solana ecosystem. BONK has since evolved into a comprehensive Web 3.0 project with projects including BonkSwap, Bonk BOT and Bonk Rewards.

Unlike other memecoins,  BONK differentiates itself by aiming to combine its internet virality with underlying utility and metaverse gaming. 

Bonk’s native token, BONK, represents part-ownership in the BONK community. Users can also stake BONK to earn rewards. 

Stacks (STX)

Stacks (STX) is the leading layer-2 blockchain that brings the creation of smart contracts to the Bitcoin network. 

This enhancement allows Bitcoin to support a wide array of functionalities similar to Ethereum — think decentralised applications (dApps) like decentralised exchanges, staking, stablecoins, and lending – all while leveraging the security of the Bitcoin network.

Stacks leverages innovative features like the Clarity smart contract language and Proof of Transfer (PoX) consensus to allow transactions to scale independently of the Bitcoin blockchain.

Stack’s native token, STX, governs the entire ecosystem. STX is used in governance, fuels the consensus between the Stacks and Bitcoin networks, smart contract execution, transaction fees, and can be staked to earn BTC rewards.

With these new additions, the Altify Platform continues to enhance its offerings, providing users with more options to diversify their portfolios and engage in the ever-evolving crypto landscape. Whether you're interested in DeFi, memecoins, or leveraging Bitcoin’s security for smart contracts, there's something new for everyone on Altify.