We’re thrilled to announce that Kraken now supports new margin pairs for Mog Coin (MOG), Ethena (ENA), Morpho (MORPHO), Goatseus Maximus (GOAT), FLOKI (FLOKI), Ondo (ONDO) and Kaspa (KAS).
Margin trading is now available for the below pairs for MOG, ENA, MORPHO, GOAT, FLOKI, ONDO and KAS:
Here’s some more information about the tokens:
Mog Coin (MOG) is a memecoin that describes itself as ‘the Internet’s first culture coin.’ Available originally as an ERC-20 token, the project later implemented support for bridging to Bitcoin. MOG can be sent, held and received by users on its supported networks.
Ethena (ENA) is a synthetic dollar protocol that aims to establish a stablecoin-like asset (USDe) through a delta-neutral hedging strategy. This approach involves shorting derivatives proportional to users’ deposited collateral to generate yield. The ENA token is used for governance across a range of the Ethena protocol’s functions.
Morpho (MORPHO) is a decentralized lending protocol designed to enhance the efficiency of overcollateralized crypto lending and borrowing. By utilizing isolated markets and dynamic interest rate models, Morpho offers users improved yields, lower costs, and greater flexibility. Its trustless, blockchain-based infrastructure ensures secure, permissionless transactions for all participants.
Goatseus Maximus (GOAT) is a memecoin created by an autonomous AI agent (Truth Terminal) that developed an obsession with the obscure “goatse” Internet meme. Launched on Solana with the help of the agent’s founder, the token hit a market capitalization of over $1b in a month. The GOAT token has no utility, but it can be transferred between Solana wallets.
FLOKI (FLOKI) is taking its name from Elon Musk’s dog, launched as a memecoin in 2021. It has since expanded into an ecosystem prioritizing community and charitable endeavors, and boasts its own gaming metaverse, marketplace and staking platform. The FLOKI token can be used for payments, or interacting with dApps on Ethereum or Binance Smart Chain.
Ondo (ONDO) is the native token of the Ondo Finance ecosystem. Ondo Finance seeks to bridge the gap between traditional and decentralised finance by improving accessibility to institutional grade financial products through tokenised real world assets. Holders of the ONDO token can participate in the ONDO decentralised autonomous organisation (DAO), enabling them to influence decisions about the future direction and policies of the ecosystem. The token allows holders to vote on proposals that impact the protocol, such as changes to the protocols rules, smart contracts or treasury allocations.
Kaspa (KAS) is a decentralized, high-performance blockchain that uses a unique BlockDAG (Directed Acyclic Graph) architecture to achieve fast transaction