• Latest
Freeliquid on BSC and ETH – Collateralize your Liquidity for 90% Loans

Freeliquid on BSC and ETH – Collateralize your Liquidity for 90% Loans

March 15, 2021
ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
mintable launches industry changing gas free minting service on ethereum

Mintable Launches Industry Changing Gas Free Minting Service on Ethereum

May 1, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
justin sun launches usdd, integrating the blockchain world and the real world with the decentralized stablecoin

Justin Sun Launches USDD, Integrating the Blockchain World and the Real World with the Decentralized Stablecoin

April 25, 2022
nfts: the next musical revolution

NFTs: The Next Musical Revolution

April 24, 2022
things you should know before investing in nfts

Things You Should Know Before Investing in NFTs

April 24, 2022
what are wrapped tokens?

What Are Wrapped Tokens?

April 23, 2022
what is the future of ethereum (eth)?

What is the future of Ethereum (ETH)?

April 22, 2022
green gaming

Everything You Need to Know About Play-to-Earn on Algorand in 2022

April 21, 2022
$ape going bananas as rumors of upcoming land sale of bayc metaverse gather momentum

$APE Going Bananas As Rumors of Upcoming Land Sale of BAYC Metaverse Gather Momentum

April 21, 2022
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
CoinNewsDaily
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
CoinNewsDaily
No Result
View All Result
Home Alt Coin

Freeliquid on BSC and ETH – Collateralize your Liquidity for 90% Loans

coinnewsdaily by coinnewsdaily
March 15, 2021
in Alt Coin
0
Freeliquid on BSC and ETH – Collateralize your Liquidity for 90% Loans
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
mintable launches industry changing gas free minting service on ethereum

Mintable Launches Industry Changing Gas Free Minting Service on Ethereum

May 1, 2022

With over $45 billion in tokens locked within the Ethereum-based decentralized finance market, banks are being shorted by financial enthusiasts worldwide. DeFi is here to stay, and unlike its centralised counterparts, it provides frictionless access to collateral-backed loans, liquidity pools, and hundreds of yield farming opportunities. Day in and day out, the market roars and produces a never-ending supply of success stories. 

This is certainly the case with liquidity providers, the core pillars of decentralized exchanges, often referred to as automated market makers (AMMs). In exchange for supplying liquidity in token pairs, LPs receive a proportional cut of the transaction fees generated by their deposits. While this capital produces yields, it only does so for as long as it’s deposited in a liquidity pool. 

What if there was a way to keep capital within a DeFi liquidity pool, but still utilise it to access additional revenue streams? Freeliquid is an LP collateral lending solution created for this very purpose. 

Crypto-backed loans are certainly not new to the DeFi sphere. Traditionally, crypto enthusiasts can collateralize their digital currencies in exchange for loans in fiat or other coins. In doing so, one can securely access capital whilst still retaining the potential gains realized by their digital currencies. 

While ingenious, the aforementioned strategy only works if you HODL crypto, but if already vested, access to additional revenue streams is restricted. Freeliquid is now opening the gates to stablecoin loans backed by liquidity pool collateralization. 

Zero interest, and no time constraints – truly DeFi style!

Freeliquid works by having users collateralize their LP tokens, which serve as proof of ownership within designated liquidity pools. With 90% loans obtainable on the collateralized LPs, Freeliquid users are given USDFL stablecoins. Pegged to the dollar value, USDFL can be efficiently leveraged for further exposure to DeFi yield farms, liquidity pools, stakes, and standalone currencies. 

With no time constraints in place, users can hold on to their additional revenue streams to infinity. Once ready to repay the loan, users deposit their USDFL to the Freeliquid smart contract, unlocking access to their LPs. 

At this time, Freeliquid works with stablecoin pools in DAI, USDC, USDT, and USDN across the Ethereum DeFi ecosystem. Now, Freeliquid is expanding to the Binance Smart Chain. 

Following a successful community vote through the governance mechanism, Freeliquid has just announced upcoming support for the Binance Smart Chain. 

The reasons behind this development are clear to any Ethereum DeFi enthusiast. Despite Ethereum’s huge value proposition, network scalability challenges have led to huge gas fees. Rather than wasting valuable ETH, DeFi users would rather bank on the newest opportunities. 

Albeit centralized, the Binance Smart Chain provides industry-low fees, lightning-quick transactions, whilst remaining true to the blockchain ethos of transparency, immutability, and anonymity. 

The move will not affect users; Quite the contrary! Freeliquid is building a BSC-ETH bridge for their USDFL stablecoins and FL governance token. With huge liquidity on AMMs like PanCakeSwap, the move will greatly benefit BSC-based liquidity providers. 

The expansion is expected to occur in the 2nd quarter of 2021. Testing and smart contract adjustment is already well underway. 

By using Freeliquid, billion-dollar liquidity providers looking to bank on the hottest DeFi opportunities can do so without pouring additional capital into the crypto market. Freeliquid reports active work on plenty of new developments, including an upcoming integration with Curve Finance.

Tags: collateral lending solutionETH bridgeEthereumfinance markethuge gas fees
Share76Tweet47
Previous Post

Bitcoin Falls Sharply Immediately after Mysterious $1bn BTC Transfer to Gemini Trade

Next Post

SEC Less than the Wrath of XRP-Holders as they Find to Join the Lawsuit

coinnewsdaily

coinnewsdaily

CoinNewsDaily.com is an online Crypto Coin News Website that aims to provide latest trendy news from market and around the world.

Related Posts

ygg sea surpasses 10,000 scholarships in just six months of launch
Alt Coin

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
mintable launches industry changing gas free minting service on ethereum
Alt Coin

Mintable Launches Industry Changing Gas Free Minting Service on Ethereum

May 1, 2022
5 projects enabling smart contract development on bitcoin
Alt Coin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications
Alt Coin

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
justin sun launches usdd, integrating the blockchain world and the real world with the decentralized stablecoin
Alt Coin

Justin Sun Launches USDD, Integrating the Blockchain World and the Real World with the Decentralized Stablecoin

April 25, 2022
things you should know before investing in nfts
Alt Coin

Things You Should Know Before Investing in NFTs

April 24, 2022
Load More
Next Post
No Indicators Of Recovery For XRP As Cost Is Continue to Exceptionally Bearish

SEC Less than the Wrath of XRP-Holders as they Find to Join the Lawsuit

Categories

  • Alt Coin
  • Bitcoin
  • Business
  • Ethereum
  • ICO
  • Litecoin
  • Mining
  • NFT
  • Ripple
  • Tech
  • Trading

What New here?

  • YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch
  • Mintable Launches Industry Changing Gas Free Minting Service on Ethereum
  • 5 Projects Enabling Smart Contract Development on Bitcoin

Subscribe to Get More!

Loading
  • About Us
  • Contact Us
  • Privacy & Policy

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

  • bitcoinBitcoin(BTC)$23,262.001.52%
  • ethereumEthereum(ETH)$1,679.372.73%
  • tetherTether(USDT)$1.00-0.13%
  • binancecoinBNB(BNB)$331.891.42%
  • rippleXRP(XRP)$0.4011401.50%
  • cardanoCardano(ADA)$0.4000643.43%
  • dogecoinDogecoin(DOGE)$0.0924951.81%
  • matic-networkPolygon(MATIC)$1.284.90%
  • okbOKB(OKB)$45.874.22%
  • solanaSolana(SOL)$23.873.43%
  • shiba-inuShiba Inu(SHIB)$0.0000141.35%
  • polkadotPolkadot(DOT)$6.934.80%
  • litecoinLitecoin(LTC)$101.262.02%
  • tronTRON(TRX)$0.0660202.83%
  • daiDai(DAI)$1.000.08%
  • cosmosCosmos Hub(ATOM)$14.994.46%
  • chainlinkChainlink(LINK)$7.213.87%
  • ethereum-classicEthereum Classic(ETC)$23.123.02%
  • leo-tokenLEO Token(LEO)$3.35-0.33%
  • moneroMonero(XMR)$168.150.96%
  • bitcoin-cashBitcoin Cash(BCH)$135.702.14%
  • stellarStellar(XLM)$0.0923773.00%
  • filecoinFilecoin(FIL)$5.556.38%
  • crypto-com-chainCronos(CRO)$0.0838224.13%
  • algorandAlgorand(ALGO)$0.2818868.93%
  • vechainVeChain(VET)$0.02644610.13%
  • internet-computerInternet Computer(ICP)$5.886.24%
  • aaveAave(AAVE)$88.632.44%
  • eosEOS(EOS)$1.114.20%
  • theta-tokenTheta Network(THETA)$1.198.68%
  • elrond-erd-2MultiversX(EGLD)$47.515.65%
  • tezosTezos(XTZ)$1.268.46%
  • huobi-tokenHuobi(HT)$5.673.08%
  • havvenSynthetix Network(SNX)$2.922.17%
  • paxos-standardPax Dollar(USDP)$0.99-0.24%
  • bitcoin-cash-svBitcoin SV(BSV)$43.592.49%
  • pancakeswap-tokenPancakeSwap(CAKE)$4.582.15%
  • dashDash(DASH)$66.103.68%
  • makerMaker(MKR)$813.0014.52%
  • iotaIOTA(MIOTA)$0.2529335.27%
  • neoNEO(NEO)$9.204.19%
  • zcashZcash(ZEC)$46.585.73%
  • zilliqaZilliqa(ZIL)$0.0308365.37%
  • basic-attention-tokenBasic Attention(BAT)$0.31043611.56%
  • compound-governance-tokenCompound(COMP)$57.857.74%
  • nemNEM(XEM)$0.0433025.40%
  • Elrond ERDElrond ERD(ERD)$0.0259290.00%
  • kusamaKusama(KSM)$37.114.63%
  • qtumQtum(QTUM)$2.995.26%
  • bitcoin-goldBitcoin Gold(BTG)$17.793.87%
  • sushiSushi(SUSHI)$1.535.06%
  • wavesWaves(WAVES)$2.823.12%
  • golemGolem(GLM)$0.2646735.16%
  • yearn-financeyearn.finance(YFI)$7,835.932.95%
  • ftx-tokenFTX(FTT)$1.89-21.50%
  • omisegoOMG Network(OMG)$1.681.50%
  • ontologyOntology(ONT)$0.2436335.29%
  • digibyteDigiByte(DGB)$0.0115198.00%
  • umaUMA(UMA)$2.194.13%
  • ethlendAave [OLD](LEND)$0.53-3.08%
  • UniswapUniswap(UNI)$2.4438.80%