DUBAI – JANUARY 16, 2023 – The development team behind MYST Finance, an automated cryptocurrency bot and decentralized ecosystem, is committed to ushering in a new era for DeFi. Driven by the success of MYST, which generates steady profits for its community, its team has set itself the goal of making decentralized finance safer, more transparent and more sustainable.
Confidence in decentralized finance collapsed in 2022 amid a flurry of carpet moves, bridge hacks and stagnation. This, coupled with a lack of innovation and a broader market downturn, caused the TVL (Total Value Locked) in DeFi protocols to fall to its lowest level in two years. Launched in late 2022 at the end of the market cycle, MYST Finance has bucked the trend by allowing users to benefit from sophisticated long and short trading strategies.
MYST’s algorithmic trading bot and dApp have been continuously optimized to achieve an amazing 76% sustainable success rate (7.6/10 trades are profitable) across all strategies and timeframes. With the start of a new year and the market once again trending higher, the team at MYST believes the innovations they have developed will spark a new wave of DeFi use cases.
MYST pays stakers daily rewards in the form of BUSD and a corresponding amount of MXST tokens. These can be compounded during the minimum wagering period of 28 days to further increase returns. Not tradable outside of MYST’s P2P DEX, MXST contains a unique tokenomic model that will spawn more use cases for blockchain assets.
MYST Finance will also release a range of new products designed to expand its DeFi capabilities and encourage community engagement. A new lending feature is set to be introduced, allowing holders to lend BUSD OR MXST as collateral for stakers to participate in the MYST ecosystem. This can then be used for yield farming, trading and other DeFi primitives on the BNB chain. As the MYST ecosystem expands, a shift to a fully decentralized governance model will enable MXST owners to have a say in future development, including protocol upgrades, new features and integrations.
The next product to be released by the MYST Finance team is a relief fund for victims of rug pulls. It will incentivize the development of more ethical and safer applications while supporting users who have lost money through no fault of their own. Once integrated into MYST’s growing ecosystem, the relief fund will protect the growing community while providing further proof of DeFi’s ability to innovate and remain relevant into 2023 and beyond.
About MYST
MYST is a multi-strategy trading bot capable of reacting to various signals and timeframes. This maximizes its profitability, while onchain indicators are also used to generate stronger trading signals. Through thousands of hours of back testing and live trading, MYST has become extremely proficient at delivering consistent returns. Early adopters of the MYST protocol will be able to experience the bot’s capabilities for themselves and reap the rewards.
Learn more:
https://myst.fi/
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media contact
Company Name: MYST Finance
Interlocutor: New
E-mail: Send e-mail
Country: United Arab Emirates
Website: www.myst.fi/
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