Matrixport, Asia’s fastest growing digital asset financial services platform, has just announced the launch of “Automated Market Maker (AMM) Farming”. The new product gives crypto investors easy and secure access to quality DeFi liquidity pools in search of additional profit opportunities.
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AMMs are automated protocols that allow anyone to become a market maker on a decentralized exchange. Money earned by depositing two representative assets in the liquidity pool at the same time. The algorithm will always quote the bid or ask price for these two assets at any time.
you are watching: Matrixport Extends CeDeFi Service With “AMM Farming”
Cynthia Wu, Director of Sales and Business Development, Matrixport said:
AMM is a great initiative by DeFi, as it allows for the creation of a decentralized market, which is the fundamental expression of the vision and decentralized nature of cryptocurrencies. Matrixport’s “AMM Farming” thresholds this way of creating decentralized markets. The product lowers the barrier to entry, allowing more users to participate in the mining of DeFi liquidity while safely earning attractive returns.
“AMM Farming” utilizes a user-friendly application interface that eliminates the technical knowledge required to use DeFi protocols, allowing users seamless access to DeFi profitable opportunities AMM with just one click.
Profit from “AMM Farming” is generated from two sources:
- Liquidity Provider Fee (LP): As LP for a liquidity pool, users earn transaction fees from the protocol. Matrixport will collect transaction fees on behalf of users and pay in both currencies proportionally.
- Token Rewards: Some DeFi projects issue token rewards for LPs. Matrixport will help users automatically sell token rewards (if any) and pay or reinvest to increase income. Token rewards are usually paid out in USDT or USDC (the lower market value currency in the liquidity pool).
The product is open for sale weekly, with a term of 7 days, the deposit port is open from 12:00 Friday to 12:00 Tuesday (UTC+8). Current token pairs include ETH/USDT, ETH/USDC, BTC/USDT, and BTC/USDC.
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Matrixport is one of Asia’s fastest growing digital financial services platforms. With $10 billion in assets under management and custody, Matrixport provides one-stop crypto financial services with over $5 billion in average monthly trading volume. Matrixport’s offerings include Cactus Custody™, spot OTC, fixed savings, structured products, lending and wealth management.
Matrixport is headquartered in Singapore, with a mission to make crypto easier for everyone and the motto is “Get more out of your crypto”. The company is licensed in Hong Kong and Switzerland with more than 290 employees serving both institutional and individual clients across Asia and Europe.
Matrixport currently has a welcome offer for new users – when you register for a Matrixport account and complete KYC level 2, you will receive a free trial coupon worth 1288 USDC and enjoy a fixed income of 30 %APY. For more information, please visit.
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This is a partner article, not investment advice. Investors should research carefully before making a decision. We are not responsible for your investment decisions.
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