Making Money in the Spot Market Just Got Easier!
The world of money and finance is changing fast, and something called decentralized finance, or DeFi, is making it easier for people to make more money. One way this is happening is through partnerships that help people trading in the spot market, which is where people buy and sell things right away. Let’s find out more about these partnerships and how they can help you.
What is DeFi and Why is it Cool?
DeFi is like a new way of doing finance using something called blockchain. This makes it possible to have more control over your money, see what’s happening clearly, and keep your money safe. It also means you can get more people involved in finance, create new kinds of financial products, and save money on fees. For spot market traders, DeFi means you can make money without giving up control of your assets.
Bleap and Angle Protocol: A Cool Team-Up
There’s a new feature called “Earn” from a company called Bleap. It works with something called Angle Protocol to help you make money from stablecoins like USD and EUR. These are like digital versions of real money that don’t change value much. With this team-up, you can start making money in just a few seconds and earn about 11% for USD and 5% for EUR[2].
How Does It Work?
The money you make comes from a mix of different things, like stablecoins, digital versions of real-world stuff, and other ways to make money in DeFi. People who borrow money from the protocol also help by paying interest[2]. This way, you get steady returns and still control your own money.
Why is This Good for Spot Market Traders?
For people trading in the spot market, this partnership has some big benefits:
– More Money: You can make more money than you would with traditional ways of saving.
– Control and Safety: Since it’s a non-custodial solution, you keep full control of your money and reduce risks from other people[2].
– Easier Access: It’s simpler to get involved in DeFi activities without needing to know a lot about how it works.
What’s Next?
As DeFi keeps growing, partnerships like this one might offer more things to do, like spot trading and something called perpetuals. This means you can do more with your money and enjoy even more of what DeFi has to offer.
So, What Does This Mean?
The partnership between Bleap and Angle Protocol is a big deal because it makes DeFi easier and more profitable for spot market traders. It lets you make more money while keeping control of your assets. As DeFi keeps changing, we’ll probably see more partnerships like this one, making DeFi even better for traders all over the world.
—
Sources:
– ffnews.com
– coinex.network