Good points 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 objective of the partnership between Fluidity Cash and Good points Community is to enhance gTrade’s leveraged buying and selling capabilities by way of the incorporation of Fluidity’s novel yield-generating mechanism, fDAI, and the event of an fDAI vault, in line with data shared with Brokers on March 17.
Due to this settlement, merchants utilizing the gTrade platform may have a greater diversity of buying and selling choices. In flip, Fluidity Cash’s fDAI is predicted to see a rise in customers because of this enlargement.
The Atlantean Embassy
Fluidity Cash’s Atlantean Embassy is a collaborative initiative that can unite cutting-edge DeFi firms like Good points Community to advertise improvement, cooperation, and ecosystem enlargement.
By becoming a member of the Atlantean Embassy, Good points Community shall be able to utilizing the particular yield-generating means of Fluidity Cash by adopting fDAI and establishing an fDAI vault.
The Fluid Change on the fDAI vault will develop into operational for members of the Atlantean Embassy as quickly as it’s made obtainable to the general public, and any fDAI investments made to Good points Community shall be doubtlessly yield-bearing.
Potential for merchants to make use of fDAI for leveraged positions
It’s potential that, within the close to future, gTrade merchants will be capable to make use of fDAI for his or her leveraged positions, bettering 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 another ERC-20 token, rewarding virtually all on-chain worth exchanges. Customers can solely get incentives after they use their digital belongings; hence yield can solely be earned by way of transactions.
Shahmeer Chaudhry, CEO of Fluidity Cash, acknowledged:
“By partnering with Gains Network and integrating fDAI into their gTrade platform, we’re excited to bring more value to users while expanding the adoption of our Fluid Assets,”
Lunaman, Enterprise Growth at Good points Community, commented:
“Fluidity Money’s unique approach to generating yield through transactions aligns perfectly with our vision for gTrade, creating an even more appealing platform for decentralized leveraged trading.”
All in all, customers will be capable to save their fDAI, which may even facilitate novel buying and selling strategies, in a safe vault. As the connection deepens, customers of each platforms might get entry to new choices, comparable to enhanced rewards and incentives.