Bitrue enabling investors to access decentralized finance services

The term ‘’yield farming’’ is a popular word in the crypto world. It is a concept that enables investors to stake their assets for interests or new tokens and has become a major aspect of decentralized finance. 

Yield farming is great during bearish periods where users can get yields from their assets and withdraw these assets during the bullish periods when the value increases. It also helps investors increase their portfolios at higher interest rates than traditional finance. 

Currently, most yield farming opportunities are offered by decentralized finance protocols that are autonomous but come with their risks. For example, an often overlooked problem is that users can easily lose their funds during smart contract breaches or rug pulls. 

Bitrue – a reputable crypto exchange, intends to change this with its innovative financial product called yield farming hub. 

Bitrue Introducing yield farming hub

Yield farming hub is the recently launched financial product by Bitrue, where investors can stake their assets on different staking pools for rewards. It is unique because Bitrue handles everything, and there is no risk of impermanent loss common with DeFi protocols. 

Furthermore, investors are assured of their funds, and there are no uncertainties due to the security policies deployed by Bitrue. Bitrue has also partnered with different crypto projects to launch staking pools, offering investors attractive yields (60% APR). 

Since the launch, Bitrue’s yield farming hub has seen more than 5 million dollars staked in its staking pools, and investors have begun receiving yields. In addition, the exchange has revealed that it would be adding support for XRP and XLM with yields of up to 25% APR. 

XRP and XLM are two of the most popular cryptocurrencies ranked in the top 50 coin rankings. The addition of these assets comes after requests from Bitrue’s community, and this is expected to increase the growth of the yield farming hub. 

BTR Vote: A unique governance system to earn

Bitrue has also launched a unique governance process called BTR Vote that incentivizes BTR holders that take part in the voting process for new coins. Projects that want to list on the exchange will participate in a voting system and require a threshold of votes to verify their support before they get listed on the exchange. 

BTR holders can choose to pledge their support for projects by staking their tokens in the voting pool, and successful projects are listed on the exchange. Those who vote on successful projects enter an exclusive 7-day staking phase where they can mine for the coin they voted to be listed. 

The higher the BTR pledged for voting, the more they receive as rewards in new coins. Several projects have passed the BTR Vote system, and some investors have received APRs of up to 80%. 

Bitrue Power Pigggy: the pioneer crypto investment service

Bitrue was one of the pioneers of crypto investment services with the launch of Power Piggy in 2018. This unique product allows users to save their crypto assets for higher interest rates than traditional banks. 

Think of Power Piggy as a crypto piggy bank where savvy investors can save their stablecoins and volatile assets for steady rewards. Most crypto exchanges now offer this service, and Bitrue has continued to add more features to Power Piggy. 

BTR: The yield token

Investors and crypto enthusiasts can access the suite of products on Bitrue by using its dedicated yield token BTR. BTR is designed to ensure holders can leverage the very best financial services in the crypto world. 

Holders can use their assets to stake on yield farming hub and get impressive yields for their assets. In addition, it is the governance token for taking part in BTR Vote, and users can also get discount on trading fees when using the exchange.