Making DeFi Easier and More Profitable for Traders
In the fast-changing world of decentralized finance (DeFi), some clever partnerships are making it easier and more profitable for traders who buy and sell assets in the spot market. These team-ups are designed to help more people use DeFi and get better returns on their money. Let’s look at one such partnership between Bleap and Angle Protocol, and how it’s helping traders.
What is DeFi and Why is it Great?
DeFi is a new way to do banking using the power of blockchain technology. It helps people by:
- Reducing the number of middlemen, making things simpler and cheaper.
- Making everything more transparent, so you can see what’s happening.
- Improving security, so you can feel safe using it.
- Helping more people access financial services, even if they don’t have much money.
- Encouraging new and exciting financial products.
For spot market traders, DeFi offers a way to earn money (called yields) without having to give up control of their assets.
Bleap and Angle Protocol Team Up
Bleap has a feature called “Earn” that lets you quickly switch from using regular money (like dollars or euros) to earning DeFi yields. By working with Angle Protocol, Bleap users can now use stablecoins (like USD or EUR) to earn yields of about 11% for USD and 5% for EUR[2]. This partnership makes it easier for more people to earn money using DeFi.
How Does It Work?
The money you earn comes from a mix of stablecoins, assets from the real world that have been turned into tokens, and other DeFi investments that pay interest. People who borrow stablecoins from the protocol also help by paying interest[2]. This system makes sure you get steady returns while still keeping control of your assets.
What’s In It for Spot Market Traders?
Partnerships like this one offer traders some big benefits:
- Higher yields, so you can earn more money.
- Control and security, because you keep full control of your assets and reduce risks from third parties[2].
- Easier access, because DeFi protocols are teaming up with user-friendly interfaces, making it simpler for traders to join in without needing lots of tech knowledge.
What’s Next?
As DeFi keeps growing, partnerships like Bleap and Angle Protocol are likely to offer even more services. In the future, we might see spot trading and perpetuals (a type of contract) added, letting users do more with their savings and engage in more DeFi activities[2]. This will make DeFi even more appealing to spot market traders.
A New Era for DeFi
The Bleap and Angle Protocol partnership shows how DeFi is becoming more accessible and profitable for spot market traders. By offering high yields and keeping users in control, these team-ups could change the way we think about money. As DeFi keeps evolving, we’ll likely see more innovative partnerships that make DeFi even better for traders worldwide.
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Sources:
– ffnews.com
– coinex.network