Gains Network Joins Fluidity Money’s Atlantean Embassy – Crypto News Flash

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Adelaide, Australia, March 17, 2023 – Fluidity Money, a spend-to-earn decentralized finance (DeFi) protocol, has partnered with Gains Network, a platform that provides gTrade, an advanced, user-friendly decentralized leveraged trading expertise.

About the partnership 

The collaboration between Fluidity Money and Gains Network aims to reinforce gTrade’s leveraged buying and selling capabilities by integrating Fluidity’s revolutionary yield-generating mechanism via the integration of fDAI and the creation of an fDAI vault. This partnership will bring higher alternatives for merchants on the gTrade platform while also expanding the adoption of Fluidity Money’s fDAI.

For instance, merchants on gTrade may soon have the option to use fDAI for his or her leveraged positions, enhancing their return technique and thus increasing their trading experience. The vault will enable customers to deposit fDAI, which can supply distinctive trading methods. As the partnership develops, it could result in further features and advantages for customers of both platforms, such as improved rewards and incentives.

“Fluidity Money’s distinctive strategy to generating yield through transactions aligns completely with our vision for gTrade, creating an much more appealing platform for decentralized leveraged trading,” mentioned Lunaman, Business Development at Gains Network.

“By partnering with Gains Network and integrating fDAI into their gTrade platform, we’re excited to convey more value to users while expanding the adoption of our Fluid Assets,” commented Shahmeer Chaudhry, CEO at Fluidity Money.

Membership of the Atlantean Embassy will see the Fluid Switch on the fDAI vault activated, as soon as it has been launched. As a outcome, which means any fDAI deposits will be potentially yield bearing for Gains Network. 

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How it works

Fluidity Money’s wrapped stablecoins, or Fluid Assets, may be obtained by depositing stablecoins like DAI, USDC and USDT into Fluidity’s WebApp. These Fluid Assets keep a 1:1 peg to traditional the underlying asset and can be traded identical to any other ERC-20 token, enabling practically all on-chain worth transfers to be incentivized. Yield can solely be generated via transactions, which means users can only earn rewards when they spend their digital assets.

The Atlantean Embassy

The Atlantean Embassy, a collaborative initiative by Fluidity Money, will deliver collectively progressive DeFi projects like Gains Network to foster growth, collaboration, and growth within the ecosystem. By joining the Atlantean Embassy, Gains Network will see the Fluid Switch activated, which can see fDAI not only reward their customers but in addition fill their Treasury. Whenever a deposit is made on the fDAI vault, 80% will go to the user depositing, while

Joining the Atlantean Embassy will benefit Gains Network by offering novel income streams, and distinctive partnerships endeavors. As member of the Atlantean Embassy, Gains Network will have the flexibility to tap into Fluidity Money’s unique yield-generating mechanism via the integration of fDAI and the creation of an fDAI vault. 

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About Gains Network

Gains Network is creating gTrade, a liquidity-efficient, highly effective, and user-friendly decentralized leveraged trading platform. The platform provides a wide range of leverages and pairs, as a lot as 150x on cryptos, 1000x on forex, 50x on shares, and 35x on indices. Gains Network revolves across the ecosystem’s ERC20 utility token (GNS) and ERC721 utility token (NFTs), designed for energetic use within the platform and to allow ownership of the protocol through income seize and governance.

About Fluidity Money

Fluidity Money is a DeFi protocol that permits customers to wrap stablecoins in return for Fluid Assets. The stablecoins deposited are lent out on money markets like AAVE and Compound, and the yield generated is collected in a reward pool. Whenever a consumer transacts a Fluid Asset, they’ll earn yield from this pool. The yield is dynamic and depends on chain variables, with the next TVL leading to more yield.

Crypto News Flash does not endorse and isn’t answerable for or answerable for any content, accuracy, high quality, promoting, products, or different materials on this web page. Readers should do their very own analysis earlier than taking any actions related to cryptocurrencies. Crypto News Flash is not accountable, instantly or indirectly, for any harm or loss caused or alleged to be attributable to or in reference to the use of or reliance on any content, goods, or providers talked about.

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