Bitcoin.comCoinFLEX integrates technology to allow users to earn interest across a range of cryptoassets. This includes a US dollar. The stablecoinFlexUSD, through passive and active strategies.
This passive yield strategy uses flexUSD as a US dollar pegged cryptocurrency. It automatically pays compounding interest to all its holders, no matter where it is held.
“We’re incredibly excited to be offering an interest-earning product that’s easy to use and carries minimal risk,” said 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.”
You can start to earn interest right away Bitcoin.com users can either swap into or “mint” flexUSD in a few clicks.
In the background, flexUSD yield is created by interest and fees paid on short-term loans/borrow markets. Although interest rates can vary, they are generally between 10-20%. You can use FlexUSD as collateral for trades, so you can both earn yield and trade simultaneously.
CoinFLEX integrates advanced trading tools with products and services to bring the CoinFLEX technology. Bitcoin.comecosystem. This includes perpetuals that can be leveraged up to 100x and physically settled futures. All these features can be found on the Bitcoin.com Exchange, where users can also trade 40+ spot pairs: all the majors like Bitcoin (BTC), Bitcoin Cash (BCH), and Ethereum (ETH), as well as DeFi coins like UNI and SUSHI, popular meme coins like SHIB, and a range of other coins we’ve never offered before.
Bitcoin.comUsers can also use active yield strategies to provide liquidity for futures markets in single or dual asset pools.
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.comA handy tool called APR Simulator allows traders to quickly estimate the return generated by liquidity supplied into a pool or at a specific trading price.
“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,” adds 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.”
Images CreditsShutterstock. Pixabay. Wiki Commons