Tuesday, January 18, 2022

Bitcoin.com Unlocks Earn on Crypto – Promoted Bitcoin News

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Bitcoin.com is integrating know-how from CoinFLEX that permits customers to earn curiosity on a variety of cryptoassets, together with a US-dollar stablecoin (flexUSD), by means of each passive and energetic methods.

The passive yield technique is constructed on flexUSD, a US-dollar pegged cryptocurrency that robotically gives all holders with compounding curiosity funds, no matter the place they maintain it.

“We’re incredibly excited to be offering an interest-earning product that’s easy to use and carries minimal risk,” mentioned Bitcoin.com CEO Dennis Jarvis. “Now our users can not only shield themselves from the downside market volatility by trading into a US dollar equivalent, they can also earn yield on those dollars that far exceeds anything available in legacy banking.”

To begin incomes curiosity now, Bitcoin.com customers can both swap into or “mint” flexUSD in a couple of clicks.

Behind the scenes, yield for flexUSD is generated by charges and curiosity paid on short-term lend/borrow markets. Interest charges will fluctuate however are normally between 10-20%. FlexUSD can be used as collateral to commerce, that means you possibly can earn yield and commerce on the similar time.

The CoinFLEX know-how integration additionally brings superior buying and selling instruments and merchandise to the Bitcoin.com ecosystem, together with bodily settled futures and perpetuals with leverage as much as 100x. These options can be found on the Bitcoin.com Exchange, the place customers can even commerce 40+ spot pairs: all of the majors like Bitcoin (BTC), Bitcoin Cash (BCH), and Ethereum (ETH), in addition to DeFi cash like UNI and SUSHI, in style meme cash like SHIB, and a variety of different cash we’ve by no means supplied earlier than.

Bitcoin.com customers can even make use of energetic yield methods by offering liquidity in each single and twin asset swimming pools for futures markets.

CoinFLEX CEO Mark Lamb explains: “The system democratizes access to the yields generated by market making for futures markets, where volumes vastly exceed spot. And since it’s a hybrid model, where the liquidity is decentralized but the order book is centralized, liquidity provision and trades are executed instantly and fees are minimal.”

Bitcoin.com merchants can use a helpful APR Simulator device to simply estimate the yield generated by supplying liquidity right into a given pool and at an outlined buying and selling worth vary.

“Beyond providing folks who want to trade at higher frequency with the advanced tools they need, Bitcoin.com now enables holders of cryptoassets to put them to productive use and earn a yield for doing so,” provides Bitcoin.com CEO Dennis Jarvis. “It’s a big step in expanding the Bitcoin.com ecosystem towards our goal of providing an even more comprehensive financial services platform that further supports economic freedom.”

 

 

Image Credits: Shutterstock, Pixabay, Wiki Commons





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