Bitrue (BTR) cryptocurrency exchange and bitcoin (BTC) trading venue has announced the successful addition of more established cryptoassets to its existing yield farming hub. Bitrue users can now enjoy juicy yields on their Solana (SOL), Avalanche (AVAX), Dogecoin (DOGE), and FTM holdings.
Bitrue Unveils Fresh Yield Farming Products
Bitrue (BTR), one of the most secure, innovative, and advanced online platforms for buying, selling, transferring, and storing digital currencies, has announced that it has added more crypto to its growing list of stackable assets.
Per a press release shared with crypto.news, starting from March 4, 2022, at exactly 13:00 UTC, Bitrue users will be able to stake some more established altcoins, including solana, avalanche, FTM, and dogecoin on the platform in return for exciting yields in the exchange’s native BTR utility token.
Once the latest staking product goes live on March 4, Bitrue customers from across the globe will be able to enjoy yields on a vast array of staking pairs including SOL- BTR (15 percent annual percentage yield), AVAX- BTR (20 percent APY), FTM-BTR (30 percent APY) and DOGE-BTR (10 percent APY).
Prior to the launch of the new yield farming feature for the aforementioned established altcoins, the Bitrue team has revealed that it will roll out yield farming products that will allow holders of lesser-known altcoins to earn yields of up to 120 percent from an impressive 26 dedicated staking pools.
Going forward, the team has made it clear that it plans to be rolling out fresh staking pools on a regular basis, to enable cryptocurrency holders to make the most of their digital assets.
Bitrue (BTR) Blazing the Trail
At a time when decentralized finance (DeFi) is rapidly gaining traction around the world, with a good number of institutional investors now joining the DeFi train, Bitrue remains determined to keep offering its customers DeFi-styled yield farming products.
While the Defi industry has been transforming the lives of those who
know how to navigate the complex over $235 billion space, the risk of impermanent loss, exorbitant gas fees, and even security loopholes often make DeFi a costly endeavor for the average Joe.
However, Bitrue, despite being a centralized crypto exchange, has been actively formulating innovative investment products designed to enable its more than four million registered users to enjoy the benefits of decentralized finance without having to worry about the numerous risks that come with yield farming and liquidity provision.
As reported by crypto.news on January 10, 2022, Bitrue crypto exchange launched a brand new Yield Farming Hub designed to offer its customers yields of up to 200 percent on their crypto holdings.
At the time, the firm made it clear that the Yield Farming Hub is designed to enable customers who hold its native BTR coin to generate steady passive income for themselves in a risk-free way, without having to do extra work.
On January 28, 2022, Bitrue announced the launch of BTR Vote, a solution the firm describes as both an investment vehicle and a governance mechanism.
Through BTR Votes, Bitrue users can vote on altcoins they want to be listed on the platform, after which voters will enter a 7-day staking phase where they mine for the coin and get rewards of up to 80 percent APR.
At press time, the BTR coin is trading around $0.24, according to CoinMarketCap.
