Bitcoin.com incorporates CoinFLEX technology that allows users to earn interest on a wide range of crypto-assets, including a US dollar stable currency (flexUSD), through passive and active strategies.
The passive return strategy is based on flexUSD, a cryptocurrency indexed to the US dollar that automatically provides all holders with compound interest payments, regardless of where they hold it.
“We are extremely pleased to offer an interest-bearing, easy-to-use and minimal risk product,” said Bitcoin.com CEO Dennis Jarvis. “Now our users can not only protect themselves from the downside volatility in the market by trading for a US dollar equivalent, but they can also earn a return on those dollars that far exceeds anything available at traditional banks. . “
To start earning interest now, Bitcoin.com users can trade or “mint” flexUSD with just a few clicks.
Behind the scenes, the return on flexUSD is generated by fees and interest paid in the short-term loan / borrowing markets. Interest rates vary but are generally between 10% and 20%. FlexUSD can also be used as collateral for trading, which means you can earn a return and trade at the same time.
The integration of CoinFLEX technology also brings advanced trading tools and products to the Bitcoin.com ecosystem, including physically settled futures and perpetual contracts with up to 100x leverage. These features are available on the Bitcoin.com exchange, where users can also trade over 40 spot pairs: all majors like Bitcoin (BTC), Bitcoin Cash (BCH) and Ethereum (ETH), as well as DeFi parts like UNI and SUSHI, popular meme parts like SHIB and a range of other parts we’ve never offered before.
Bitcoin.com users can also use active yield strategies by providing liquidity in single and double asset pools for the futures markets.
CoinFLEX CEO Mark Lamb explains, “The system democratizes access to returns generated by market making for futures markets, where volumes far exceed the spot. And since this is a hybrid model, where liquidity is decentralized but the order book is centralized, liquidity provision and transactions are executed instantly and fees are minimal.
Bitcoin.com Traders can use a handy APR simulator tool to easily estimate the return generated by providing liquidity in a given pool and within a defined trading price range.
“Beyond providing people who wish to trade at a higher frequency with the advanced tools they need, Bitcoin.com now allows crypto-asset holders to use them productively and earn income from them, ”adds Bitcoin.com CEO Dennis Jarvis. “This is a big step in the expansion of the Bitcoin.com ecosystem towards our goal of providing an even more comprehensive financial services platform that further supports economic freedom. “
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