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Chia Network Plans New Defi Products

Anna Martynova

The founder of Chia Network Bram COHEN revealed his new plans for the protocol in a series of recent tweets. He plans to develop a new set of DeFi-related products in the Chia ecosystem.

Bram Cohen revealed that DeFi products will have their own Decentralized Exchange (DEX) and Automated Market Maker (AMM) to accompany the upcoming Chia project.

Decentralized exchanges have become commonplace in the DeFi space. According to Defiprime, the platform has recorded a total of over $140 bln in transactions over the past year.

Image: Asia Crypto Today

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