PRESS RELEASE
Published on January 31, 2023
By mid-November 2021, users around the world had invested over $170 billion in various DeFi dApps across Ethereum, Binance Smart Chain (BSC), Polygon, and other public blockchains
With interest rates at record lows and restrictions on retail investors accessing certain products in traditional finance, DeFi has become an alternative for many. The appeal at the time lay in the high returns that DeFi protocols promised. At one point, DeFi yields offered by some platforms reached over 1,000% APY. This was high and therefore very irresistible.
In 2022, Ethereum, Bitcoin and other coin prices crashed to record lows. Declining prices also impacted DeFi. And by the end of last year, the total value (TVL), i.e. the assets under management in various DeFi “liquidity protocols”, had more than halved to around $45 billion.
What is a liquidity pool?
But wait a minute… what is a liquidity pool that is so important for DeFi, especially for Decentralized Exchanges (DEXes) like Uniswap or PancakeSwap? Simply put, a liquidity pool is a collection of funds locked into a smart contract to facilitate trading, lending, and borrowing. For example, there are ETH/USDT and BNB/ETH pools where you can trade ETH for USDT or BNB for ETH and vice versa without relying on a third party to facilitate the transaction.
Last year, after the collapse of crypto prices and the failure of several cryptocurrency exchanges and lending platforms like FTX and Voyager, users chose to withdraw their coins from these exchanges. The outflow was significant. Currently, billions of dollars of different coins like ETH or BNB lie idle in the hands of the holders.
Despite falling prices and DeFi fortune losses, there is hope. The market is recovering. More importantly, DeFi’s promises of ensuring everyone can participate and take control of their finances live on.
Introducing Liquid+ and baskets
Liquid Crypto’s baskets are industry first and unique. In addition, you can invest in different chain pools in one basket. Anyone with assets can transfer their coins into baskets by connecting to a compatible wallet like MetaMask.
Liquid Crypto builds on this foundation and releases several DeFi products to make participation easier. You don’t have to be an investing guru or a developer with years of coding experience to participate in DeFi. Even if you have no history with DeFi or crypto, you can confidently use Liquid Crypto’s solutions and earn returns.
Liquid Crypto’s flagship product is Liquid+, which is designed for users to earn income and earn interest on their crypto holdings. They use smart contracts, which is code that eliminates the need for intermediaries such as banks or brokers. Because of smart contracts, you are always in control of your coins instead of having to rely on third parties.
Liquid+ is unique in that it allows users to access over 450 liquidity pools across top DEXs across multiple blockchains. Users can connect to wallets like MetaMask or Liquid Crypto’s wallet, which supports buying tokens like ETH with fiat. All you have to do is deposit coins – from any of the nine blockchains including Polygon, Celo, Avalanche, Ethereum, Binance Smart Chain or Fantom; Liquid Crypto does the rest. There are no set minimum investment amounts. Provided the amount you want to invest exceeds the minimum fees charged by the blockchain, you’re good to go. Even $10 is enough to get started.
In addition to the 450+ liquidity pools, users can also invest in any of the “baskets” on offer. Baskets are aggregated baskets of indexes curated by Liquid Crypto according to their risk and reward levels. This allows users to select a basket to deposit funds into based on their risk and reward tolerance. Each basket listed on the Liquid Crypto dashboard is carefully selected and categorized to ensure stability and variety of rewards for users. Besides the ability to invest in baskets, users can also invest in different chain pools in a single basket, which is unique in the industry.
Currently, Liquid Crypto offers three baskets, “Stable”, “Balanced” and “Growth”. The “Stable” basket includes the top 20 stablecoins, the “Balanced” basket includes the top 20 stablecoins and tokens, and the “Growth” basket includes the top 100 altcoins. Liquid Crypto will also soon launch the “Community” basket, which will allow each user to curate their own baskets, make them public to other users and earn a share of the rewards of the revenue generated.
Sounds interesting? Connect with Liquid Crypto today.
About liquid crypto
Liquid Crypto is a fully decentralized exchange that aims to unlock the true value of decentralized finance for all investors. Liquid+, its core product, was built on a foundation of transparency and security with an easy-to-use interface, custody and non-custody wallets, and cross-chain and multi-chain options. It makes wealth building and investing accessible to everyone through its unique custom aggregated baskets.
For more information do not hesitate to contact us:
Website: https://liquidcrypto.finance
Twitter: @_LiquidCrypto
Telegram: https://t.me/liquidcommunitychat
media contact
Company Name: Liquid Crypto Pty Ltd
Interlocutor: Meagan Henderson
E-mail: Send e-mail
Country: Moldova
Website: https://liquidcrypto.finance
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