2022-5-3 07:00 |
Liquidity platform 0x_nodes, which can generate high APY returns across any blockchain with negligible gas fees, has launched a simpler and improved version of its platform for the benefit of its myriad of users, Invezz learned from a press release.
Simple entry point into liquidity miningThe 0x_nodes protocol delivers the same high-level APYs, but with far simpler protocols and enhanced security. It was created as a simple entry point into liquidity mining for crypto users of all backgrounds and experience levels. Mining is key to providing liquidity to the DeFi environment, enabling even laypeople of crypto investors to earn a passive income.
Users stake assets to earn rewardsUsers of 0x_nodes stake native assets on blockchains supported by the protocol to earn native asset rewards. They select from various investment strategies. Once their assets are staked, the system saves costs by transfers batches of funds to the underlying investment strategies.
Owl, the pseudonymous founder of 0x_nodes, commented:
0x_nodes is ideal for creating an interest-bearing portfolio where the APY% is represented in base assets (that is, without conversion to USD), eliminates the temporary “impermanent” loss, and allows for additional yield to be generated. We make it easy to maximize returns so portfolios can balance out in response to market movements, therefore cutting loss.
0x_nodes will offer an intuitive platform to manage synthetic, yield-bearing assets with high-performing APY while ensuring market liquidity at the same time. The platform makes managing multiple accounts cross-chains effortless, letting users create derivative financial instruments. Ultimately, the goal is for users to be able to aggregate the yield available from multiple sources while reducing and mitigating risk.
A set of modular smart contracts0x_nodes’ technology runs on modular smart contracts which enable fast development and seamless deployment of innovative features. This allows 0x_nodes to adapt to market conditions.
0x_nodes has integrated over ten DEXs and is deployed across six blockchains, which each have a cross-chain relayer. The platform encourages users to take advantage of its open source development and community, technology upgrades, and easy integration.
0x_nodes is also working on collaboration through multi-protocol integration and chain launches, enhancing security while making liquidity easy.
The post Liquidity platform 0x nodes simplifies protocol appeared first on Invezz.
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