Unique Markets is happy to introduce the Twin Foreign money Be aware (DCN) on the Solana blockchain.
DCN has advantage in any market situation and can rekindle total curiosity in cryptocurrencies following the latest Terra-UST debacle.
Unique Markets has introduced its Twin Foreign money Be aware function to the Solana blockchain after a radical devnet testing part.
That giant-scale check famous participation by over 140,000 wallets as customers had been desirous to introduce the potential of the Twin Foreign money Be aware.
Moreover, ongoing bearish and sideways crypto market momentum sparks an curiosity in new alternatives to diversify portfolios with out taking too many dangers. The DCN product operates nicely beneath bullish, bearish, and indecisive market circumstances.
It permits customers who maintain their favourite crypto asset to put money into DCN upside denominated of their most popular asset.
As an example, a Solana holder can put money into a Twin Foreign money Be aware and obtain their upside in bitcoin. There is no such thing as a want for different belongings or wrapped tokens. Producing yield on the asset one holds for the long-term is the subsequent logical step in decentralized finance.
Extra importantly, it’s a sustainable yield farming alternative and one that permits customers to keep up their optimistic outlook on their most popular crypto belongings.
Coming into a DCN upside commerce makes good sense to those that anticipate large issues from cryptocurrencies over time. Sustaining a long-term imaginative and prescient has all the time supplied substantial rewards to HODLers, no matter which asset they maintain of their portfolio.
Primarily SOL holders have reaped the rewards from seeing costs climb as excessive as $243. Even within the present panorama, there’s a actual probability a brand new all-time excessive value can be recorded comparatively quickly.
In contrast to different options, DCN doesn’t require depositing SOL or USDC into small-cap cash or vaults utilizing a somewhat uncommon working mechanism.
Furthermore, Twin Foreign money Be aware is constructed with sustainable yield technology in thoughts, whereas different choices undergo from inflated token provides because the generated asset has little or no demand. Rewarding customers with yield within the foreign money they already personal is the subsequent logical step in DeFi.
Unique Markets has transparently put collectively the DCN providing, with all dangers and processes clearly defined earlier than customers get on board. As well as, customers keep full autonomy over their belongings and yield, additional empowering the HODLers.
Unique Markets’ mainnet will supply unprecedented DeFi merchandise, and the Twin Foreign money Be aware presents a glimpse of what customers can anticipate additional down the road.
Different merchandise to entry on the Unique Markets mainnet embrace Worst-of-options, accumulators, and autocallables.
Future platform additions will embrace a referral program, buying and selling competitions, and varied types of instructional content material – via a collaboration with Xcellerate – to introduce a learn-and-earn side to the ecosystem.
About Unique Markets
Unique Markets is a Solana-powered defi protocol that helps customers diversify their portfolios and maximize returns via user-friendly structured merchandise. Backed by a number of main traders within the blockchain area, Unique Markets’ final objective is to democratize yield for all traders.
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