Positive factors Community, a liquidity-efficient, highly effective, and user-friendly decentralized leveraged buying and selling platform, has teamed up with Fluidity Cash, a spend-to-earn decentralized finance (DeFi) protocol that permits customers to wrap stablecoins in return for Fluid Property.
The purpose of the partnership between Fluidity Cash and Positive factors Community is to enhance gTrade’s leveraged buying and selling capabilities through the incorporation of Fluidity’s novel yield-generating mechanism, fDAI, and the event of an fDAI vault, in keeping with info shared with Finbold on March 17.
Due to this settlement, merchants utilizing the gTrade platform could have a greater variety of buying and selling choices. In flip, Fluidity Cash’s fDAI is anticipated to see a rise in customers because of this growth.
The Atlantean Embassy
Fluidity Cash’s Atlantean Embassy is a collaborative initiative that may unite cutting-edge DeFi firms like Positive factors Community to advertise improvement, cooperation, and ecosystem growth.
By becoming a member of the Atlantean Embassy, Positive factors Community might be able to utilizing the particular yield-generating technique of Fluidity Cash by adopting fDAI and establishing an fDAI vault.
The Fluid Change on the fDAI vault will grow to be operational for members of the Atlantean Embassy as quickly as it’s made accessible to the general public, and any fDAI investments made to Positive factors Community might be probably yield-bearing.
Potential for merchants to make use of fDAI for leveraged positions
It’s attainable that, within the close to future, gTrade merchants will be capable of make use of fDAI for his or her leveraged positions, enhancing the effectiveness of their return technique and, in flip, their buying and selling expertise.
Fluid Property, or wrapped stablecoins, could also be acquired by depositing stablecoins like DAI, USDC, and USDT into Fluidity’s WebApp. These Fluid Property are pegged to the underlying asset at a 1:1 ratio and could also be exchanged like some other ERC-20 token, rewarding virtually all on-chain worth exchanges. Customers can solely get incentives after they use their digital property; therefore yield can solely be earned through transactions.
Shahmeer Chaudhry, CEO of Fluidity Cash, acknowledged:
“By partnering with Positive factors Community and integrating fDAI into their gTrade platform, we’re excited to carry extra worth to customers whereas increasing the adoption of our Fluid Property,”
Lunaman, Enterprise Improvement at Positive factors Community, commented:
“Fluidity Cash’s distinctive strategy to producing yield by transactions aligns completely with our imaginative and prescient for gTrade, creating an much more interesting platform for decentralized leveraged buying and selling.”
All in all, customers will be capable of save their fDAI, which will even facilitate novel buying and selling strategies, in a safe vault. As the connection deepens, customers of each platforms could get entry to new choices, akin to enhanced rewards and incentives.