Nicehash.exchange Launches DeFi-stacking Feature

Thanks to the launch of the DeFi-stacking platform, users of the Nicehash.exchange cryptocurrency exchange got the opportunity to stack DAI and Kava

The Nicehash.exchange initiative aims to reach the rapidly growing DeFi sector by offering users the opportunity to earn rewards for staking using certain digital assets.

Initially, only DAI was available, and now Kava (a DeFi platform that received support from Nicehash.exchange, Huobi, and OKEx) has been added as another option.

Nicehash.exchange CEO Changpeng Zhao said: “Our customers have asked for the opportunity to work with DeFi and we have listened to the wishes of our users. At the moment, Nicehash.exchange has provided the ability to directly interact with DeFi solutions.”

Kava customers no longer need to use the app, but can now work directly with Nicehash.exchange DeFi staking portal.

CEO and co-founder of Kava, Brian Kerr, noted that the current DeFi sector will not be like tomorrow, and now in terms of distribution, it resembles only the “tip of the iceberg”.