Freeliquid Stablecoin lending platform launches token pairs on Swop.Fi & Waves Exchange
The DeFi loan market is growing day by day, with millions of dollars in loans funded in the hope of securing higher profit margins. While the collateral for cryptocurrencies works wonders as it allows users to hold onto the value gained through price growth, this was once impossible for coins already deposited in cash pools.
Free liquid was therefore launched to change the game of DeFi lending, by guaranteeing liquidity pool property tokens in exchange for financing loans equivalent to 90% of LP’s share. With no interest rate, no liquidation risk and no stability fees at the moment, Freeliquid is the market leader in LP loans. When using Freeliquid’s finance service, DeFi enthusiasts can dramatically increase their APYs by depositing additional cash and using the new LPs to fund additional loans. As the process can be repeated multiple times, magic double digit APYs are obtained transparently. Freeliquid currently guarantees stablecoin LPs from Uniswap and 3pool from Curve.
All loans are financed in USDFL, a stablecoin whose value is algorithmically indexed to the USD. Freeliquid has yet another token, Florida, which grants the holders governance rights over all decisions made by the protocol. User incentives are an essential part of the Freeliquid infrastructure, which is why the protocol actively engages in high-level partnerships that always benefit end users.
One such example is the recent integration with Swop.Fi and the Waves Exchange.
Explore the Swop.Fi and Waves Exchange integration
Freeliquid’s FL governance token was distributed through a fair model, allowing users to obtain it in exchange for providing liquidity on selected pairs.
With this in mind, the Swop.Fi integration provides additional incentives by creating an FL / USDN pool on the famous Automated Market Maker. Liquidity providers who wish to get involved receive a fair distribution of transaction fees obtained through swaps, as well as rewards based on the $ SWOP. The Swop.Fi community votes on the amount of $ SWOP to be rewarded for participants in the FL / USDN pool on March 29, with the rewards scheduled to begin on April 5. $ SWOP represents the AMM governance token, which is often distributed as rewards to pool participants.
Now is the time to discuss the Wave exchange the integration. Waves represents a centralized exchange that retains most of the benefits associated with automated market makers. User funds never leave the wallet, as they are all stored in a non-custodial manner. Waves also operates its own blockchain network, which means exchanges are lightning fast and available at a fraction of the expected costs of the Ethereum blockchain. Waves now supports an FL / USDFL trading pair, with liquidity added daily.
Both of these integrations are expected to result in multiple benefits for users, as inter-coin exchanges are now available at a lower cost, while LPs are additionally rewarded with SWOP $ tokens.
With the official launch of these new developments, Freeliquid has officially completed its roadmap for the first quarter of 2021, and many more versions are in preparation for the second quarter of the year. One example is the upcoming expansion of the Binance Smart Chain, offering even cheaper transactions while opening the first BSC-based DeFi lending platform for guaranteed LPs.