Listings Criteria

Minimum Requirements for Decentralized Finance (DeFi) listings

Note that these are just the minimum requirements and meeting them does not guarantee a listing. To manage expectations, we have to be mindful of the fact that almost any project that utilizes smart contracts to provide financial services could theoretically qualify as DeFi, hence the need to ensure that there is a balance in the signal-to-noise ratio on the DeFi page.

(1) DeFi Protocols

DeFi protocols must minimally be decentralized, non-custodial, smart-contract enforced, on-chain traceable, permissionless, and deal with at least one of the following:

1. The swapping and/ or exchange of cryptoassets

2. The supplying of cryptoassets to a shared liquidity pool and subsequently allows for borrowing against the supplied collateral

3. The facilitation of trading in derivative financial instruments

4. The minting and burning of asset-backed tokens

5. Other financial related services that may apply

(2) DeFi Cryptoassets

DeFi cryptoassets must meet at least one of following requirements: 

1. Coin/ Token can represent a stake in the governance of the protocol

2. Coin/ Token can only be minted/ burned through the interaction with the protocol

3. Coin/ Token can reduce the frictions of interacting with the underlying protocol

4. Coin/ Token exhibits other DeFi-related traits