DeFi
Positive aspects Community, a liquidity-efficient, highly effective, and user-friendly decentralized leveraged buying and selling platform, has teamed up with Fluidity Cash, a spend-to-earn decentralized finance (DeFi) protocol that permits customers to wrap stablecoins in return for Fluid Property.
The purpose of the partnership between Fluidity Cash and Positive aspects Community is to enhance gTrade’s leveraged buying and selling capabilities by way of the incorporation of Fluidity’s novel yield-generating mechanism, fDAI, and the event of an fDAI vault, based on data shared with Finbold on March 17.
Due to this settlement, merchants utilizing the gTrade platform can have a greater diversity of buying and selling choices. In flip, Fluidity Cash’s fDAI is predicted to see a rise in customers on account of this enlargement.
The Atlantean Embassy
Fluidity Cash’s Atlantean Embassy is a collaborative initiative that can unite cutting-edge DeFi firms like Positive aspects Community to advertise improvement, cooperation, and ecosystem enlargement.
By becoming a member of the Atlantean Embassy, Positive aspects Community will likely be able to utilizing the particular yield-generating means of Fluidity Cash by adopting fDAI and establishing an fDAI vault.
The Fluid Change on the fDAI vault will turn into operational for members of the Atlantean Embassy as quickly as it’s made accessible to the general public, and any fDAI investments made to Positive aspects Community will likely be doubtlessly yield-bearing.
Potential for merchants to make use of fDAI for leveraged positions
It’s potential that, within the close to future, gTrade merchants will have the ability to make use of fDAI for his or her leveraged positions, bettering the effectiveness of their return technique and, in flip, their buying and selling expertise.
Fluid Property, or wrapped stablecoins, could also be acquired by depositing stablecoins like DAI, USDC, and USDT into Fluidity’s WebApp. These Fluid Property are pegged to the underlying asset at a 1:1 ratio and could also be exchanged like every other ERC-20 token, rewarding virtually all on-chain worth exchanges. Customers can solely get incentives once they use their digital property; therefore yield can solely be earned by way of transactions.
Shahmeer Chaudhry, CEO of Fluidity Cash, said:
“By partnering with Positive aspects Community and integrating fDAI into their gTrade platform, we’re excited to carry extra worth to customers whereas increasing the adoption of our Fluid Property,”
Lunaman, Enterprise Growth at Positive aspects Community, commented:
“Fluidity Cash’s distinctive strategy to producing yield by way of transactions aligns completely with our imaginative and prescient for gTrade, creating an much more interesting platform for decentralized leveraged buying and selling.”
All in all, customers will have the ability to save their fDAI, which may also facilitate novel buying and selling strategies, in a safe vault. As the connection deepens, customers of each platforms could get entry to new choices, similar to enhanced rewards and incentives.
