The development of the decentralized finance market, or DeFi, came at a time when the global economy was experiencing its worst crisis since the Great Depression. Such a downturn in global economic affairs has given new impetus to the development of an alternative economy – the digital economy, which has allowed millions of people left affected by the crisis to find alternative means of generating income. By providing a wide variety of monetization and liquidity pooling services, DeFi has gained the reputation of a reliable and go-to market for passive income generation through the provision of liquidity for its operation with low entry thresholds and high returns.
Though volatility is considered to be one of the main banes of the crypto market and the so-called HODL strategy reigns supreme among cautious investors, DeFi has negated such concerns by providing reliable failsafe mechanisms and operating procedures through liquidity pools. Such protocols do not impose any obligations on users and allow them to freely move liquidity from pools losing profitability, thus ensuring constant rebalancing and income flows.
The Chainge DEX is a fully decentralized exchange – part of the Chainge Finance app – running on the Fusion blockchain, which offers users a highly diverse range of products tailored for the DeFi market. The exchange is best known for being the first set to launch a DeFi Options DEX, but it has also branched out to provide liquidity pools as an attractive option for users seeking to generate passive income at APYs of unprecedented levels. You can see the full list of APYs and updated Liquidity Pools info here: https://www.chainge.finance/info/pool
The liquidity pools operating on the decentralized finance market are essentially storages for tokens locked inside a smart contract. The pools act as reserves for facilitating trading on exchanges, providing the necessary pairs, thus eliminating downtimes and reducing fees, while rewarding the providers of liquidity with a percentage of the trades’ commissions.
The essence of a liquidity pool resides in providing idle tokens from HODL portfolios for active use within trading in exchange for rewards. The Chainge DEX operates in exactly the same way, rewarding those who share their liquidity with the Automated Market Maker pools. The availability of the pools is always in demand, since their presence allows trades on exchanges to avoid considerable price swings in times of heightened market demand for various pairs.
The Chainge liquidity pools provide some of the highest APYs on the market, all thanks to the fact that they are paid in the platform’s native CHNG token. The APYs are directly dependent on the price of the token, ensuring high returns, along with the fact that rates are increased thanks to the use of arbitrage.
Single token farming through Futures options with no impermanent loss is also on the table with Chainge Finance’s offering, expanding opportunities for users and maintaining APYs at a high level.
The underlying smart contracts ensure the safety of user funds during lockup periods and their instant availability for withdrawal at any time. Currently, there are over 150 liquidity pools operating on the market with the TF-USDT/USDT futures pool brandishing a Total Value Locked of $20.6 million, with rewards in CHNG in it standing at 108.917%.
Second place belongs to the TF-BTC/BTC pool, which relies on Bitcoin futures and has a slightly more modest TVL of $11.88 million. The reliance of the pool on Bitcoin makes it a more volatile venue, considering the latest dynamics exhibited by the king of cryptocurrencies in recent weeks.
The Chainge DEX offers the most convenient and streamlined onboarding process, allowing both professional and retail investors of any categories to enter the liquidity pools on offer. Instead of keeping assets locked up in portfolios in expectation of price hikes, investors are urged to put their assets to use for instant reward generation through such venues as Chainge Finance, which does not shy away from highlighting its competitive advantages of higher-than-average APYs and convenience of user experience. For more information on the Chainge Liquidity pools check out their in depth medium article on the topic here: https://chainge-finance.medium.com/add-liquidity-in-the-chainge-dex-pools-and-fill-your-wallets-8385622a4528
Then you can test Liquidity Pools yourself by downloading the Chainge Finance App from the Playstore & Appstore or from their website chainge.finance