Over the long-term, Freeliquid is destined to serve as the market leader for collateralizing liquidity pool shares in exchange for efficient stablecoin loans, granting users worldwide the opportunity to access appreciable APYs.
At this point in time, one could confidently say that the DeFi market is a behemoth of unending opportunity, and certainly, one that shouldn’t be defied as Elon Musk put it in a recent tweet. With billions of dollars locked within DeFi contracts and users worldwide earning considerable income via multiple revenue streams, DeFi is actively reshaping the financial landscape as we know it.
DeFi Liquidity Pools Meet Lending Market
A significant part of DeFi enthusiasts take part in lending and liquidity providing. Not long ago, these services didn’t go hand-in-hand, mostly due to the fact that liquidity providers were unable to collateralize their pool share tokens in exchange for stablecoin loans. Freeliquid has upped the game in this regard by collateralizing LPs for Dai, USDT, and USDC pairs in exchange for loans equivalent to 90% of users’ pool share size. The DeFi ethos is thoroughly respected, as Freeliquid’s loans offer flexible terms, do not incur interest rates, and most importantly, there’s no risk of liquidation in light of abrupt price movements. Available on Uniswap and Curve Finance, millions are already being lended out through Freeliquid’s products, providing thousands of DeFi users with unparalleled annual percentage yields.
Freeliquid does not only wish to provide a standardized lending service. Rather, it aims to reward its tight-knit community with ongoing incentives. With this being said, Freeliquid is officially announcing integration with Swop.Fi and the Waves Exchange.
Freeliquid Welcomes Swop.Fi and Waves Exchange
Freeliquid has created two tokens – FL and USDFL. The former serves as a governance token, allowing the community to vote on plenty of proposals, whereas the latter represents the protocol’s lending token – a stablecoin that’s soft-pegged to the USD.
FL was distributed using a fair model by being rewarded to liquidity providers. Since the distribution is about to end, it’s only fair that FL holders are able to tap into additional revenue streams.
The Swop.Fi integration saw the listing of a $FL/$USDN pool on the popular automated market maker. In other words, liquidity providers will collect their fair share of the swap fees, whilst also being rewarded in $SWOP, the AMM’s governance token. On the 29th of March, $SWOP token holders will vote on the amount of tokens to be rewarded to $FL/$USDN LPs, with the distribution starting on the 5th of April. Those who choose to get involved can expect double-digit APYs, the magic yield that every DeFi enthusiast strives for.
Furthermore, the $FL/$USDFL trading pair is also being listed on Waves, a centralized exchange running its own blockchain network and providing non-custodial exchange and staking services.
These integrations allow for significant cost reductions for those looking to trade between the two tokens pairs. Waves-based operations cost a fraction of those on ETH, further opening the gates to lower-volume users looking to get involved.
What’s Next?
With Freeliquid, the development team is always cooking something up. Scheduled for the 2nd quarter of the current year, Freeliquid will see a much-awaited expansion to the Binance Smart Chain, welcoming hundreds of thousands of users via high-liquidity AMMs like PancakeSwap.
Over the long-term, Freeliquid is destined to serve as the market leader for collateralizing liquidity pool shares in exchange for efficient stablecoin loans, granting users worldwide the opportunity to access appreciable APYs.
Having obtained a diploma in Intercultural Communication, Julia continued her studies taking a Master’s degree in Economics and Management. Becoming captured by innovative technologies, Julia turned passionate about exploring emerging techs believing in their ability to transform all spheres of our life.
