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According to the crypto market information website Coinmarketcap the combined total volume of money in the crypto market is well over $1.5 Trillion. We compare this with the Market Capitalization of Gold, currently around $10.787 Trillion, and the total volume of US dollars in circulation, which is about $2.05 trillion. This data displays the financial significance crypto has developed in the past decade. Currently, there is a high demand for crypto assets and liquidity, presenting high interest rates to those who lock capital for third-party use.
There are many ways of taking part in the cryptocurrency market and making money from it. Many people are familiar with day-to-day spot trading and futures trading etc. While the profits from trading are often lucrative, the market is often risky due to the crypto market's high volatility. Because of this, trading usually requires a great deal of time, research, and some bit of luck to get your calls right much more often than not.
Many of us who have a low-risk appetite would rather venture into trading, buy our favorite crypto assets, hold them in our wallets, and wait for them to appreciate them before selling off and making some gains. While this is relatively safe to do, there are low-risk options that we can take advantage of to grow our crypto assets. Instead of leaving them lying idle in our wallets, users can stake their tokens. To help people in this category profit from their crypto holdings, the world's largest crypto exchange, Binance, has developed a suite which they named Binance Earn.
Binance Earn is a platform created by Binance with various products which enable users to earn additional profit from their crypto holdings. These products are in four main categories, flexible term products, fixed-term products, Launchpool, and Asset Management. Let's take a look at each of these options and their features.
The first offer is Flexible Savings. It gives one the option of earning interest by keeping one's crypto assets in the custody of Binance. It is quite similar to what is obtainable with a bank's savings account. There is no tenure on your deposited crypto assets, and you can withdraw them anytime.
This product suite comprises a range of options that come with a fixed tenure. They typically have higher rates of interest than the flexible term product. With the options available in this class, you can deposit your crypto assets into a pool and earn interest. If the assets are Proof of Stake assets, you can stake them within the platform and earn higher returns. The only caveat here is that you must agree to lock up your assets with the platform for a specified time. If you want to unlock them before the term expires, you may lose the entire interest or get just a fraction of it.
Much like yield farming, the Launchpool gives users the option of locking/staking their crypto assets in a liquidity pool as part of efforts to fund newly launched projects. In return, they earn interest paid out in the tokens of those new projects. This is my favorite because it is easy to make nice additional gains if the new tokens earned appreciate well in value.
This class is made up of the following product offerings: Dual Savings, Binance Liquid Swap, and BNB vault. Though they differ in their characteristics, they are common because they are designed to maximize returns.
The different products, their peculiarities, and features are elaborated upon concisely here.
Lots of people are averse to the risks associated with trading cryptocurrencies. Many would rather just keep their crypto assets and wait for a time they can sell them profitably. Instead of leaving such assets idle in one's wallet, it would pay more to engage them in low-risk activities that would generate interest. The world-leading crypto exchange, Binance, uses its unique Binance Earn suite to provide users a range of yield-bearing products. In short, this seamless feature allows one to utilize their crypto assets to earn passive income.
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The Philadelphia Sixers, of the National Basketball Association (NBA) in the United States, have selected Crypto.com to become their new jersey patch sponsor in an intriguing new partnership.
The deal will see the hugely popular sports team sell Non-Fungible Tokens (NFTs) that fans can purchase. The sponsor will also appear in other arena promotions at the Wells Fargo Center this season. Crypto.com announced the latest exciting deal through their official blog.
“We are thrilled to launch a long-term partnership with such a progressive team at Crypto.com, a company that shares our drive for greatness,” President of Business Operations, Chris Heck, stated. “Crypto.com will be woven into the fabric of our identity, and together, we will change the landscape for how crypto is integrated in sports.”
The move further signals Crypto.com’s determination to establish itself on the world stage. A step into the premier world basketball league marks a significant milestone for crypto to become mainstream.
This deal is the latest in a long line of partnerships that have seen the crypto giant partner with Formula 1, Paris Saint-Germain, and the National Hockey League’s Montreal Canadiens. The 76ers deal is, however, the very first partnership with the NBA, and more partnerships should follow.
Crypto.com’s partnerships with just sports brands have totaled over $400 million and will likely yield a good deal more money through the huge exposure provided.
Users throughout the crypto space will welcome this news as it could herald a further step toward mass adoption, or at the very least, invite an additional significant number of people.
The global sports industry has already been a hot topic in crypto with exciting projects like Sorare and Chiliz announcing partnerships of their own.
As these deals continue to be signed, there will be a further impetus to educate prospective users about blockchain’s incredible possibilities.
Synapse Protocol has added a new network pool to its mainnet. The Arbitrum network is now live on the cross-chain liquidity protocol, permitting users to easily make cross-chain transfers with a single transaction from the network.
With the addition of Arbitrum pools, the protocol now has support for five different networks, including Binance Smart Chain (BSC), Ethereum, Polygon, and Avalanche pools. The introduction was announced on 21st September via Twitter.
According to the tweet, the Arbitrum pool will bridge faster transfer of assets, starting with ETH transfers back to the Ethereum network.
“We’re introducing support for @Arbitrum today to the Synapse Network, starting with ETH transfers. This is the first ETH fast withdraw bridge back to Ethereum. Move ETH to & from Arbitrum within minutes,” tweeted Synapse.
Users can now visit the Synapse pools page to view the five supported chains and enjoy fast cross-chain withdrawals. With over $15,000,000 in total liquidity, Synapse is the most liquid fast withdrawal bridge from Arbitrum.
Liquidity providers stand to earn fees and $SYN incentives when they supply nETH and Arbitrum ETH. Synapse announced the reward system in a Tweet thread.
“$SYN incentives are live for the @Arbitrum nETH <> ETH pool,” Synapse wrote on Twitter.
According to the tweet thread, users need to utilize the nETH <> Arbitrum ETH pool to get $SYN rewards. In addition, the tweet also disclosed how users would get rewards from providing liquidity on the Arbitrum ETH pool.
“nETH is minted by bridging ETH from mainnet to nETH on Arbitrum using Synapse."
Once you have nETH on Arbitrum, pair it with native Arbitrum ETH to provide liquidity.
As the pool balances change, arbitragers will be incentivized via a deposit bonus to rebalance the pool,” the tweet disclosed.
Synapse is a trustless cross-chain bridge and stableswap that allows users to bridge assets across all chains, swap assets, earn yield, and more. The platform supports Ethereum, BSC, Polygon, Avalanche, and Arbitrum networks and ensures that users easily transfer assets across any supported chains.
Where to find Synapse:
The world-leading crypto exchange, Binance, uses its unique Binance Earn suite to provide users a range of yield-bearing products. In short, this seamless feature allows one to utilize their crypto assets to earn passive income.
According to the crypto market information website Coinmarketcap the combined total volume of money in the crypto market is well over $1.5 Trillion. We compare this with the Market Capitalization of Gold, currently around $10.787 Trillion, and the total volume of US dollars in circulation, which is about $2.05 trillion. This data displays the financial significance crypto has developed in the past decade. Currently, there is a high demand for crypto assets and liquidity, presenting high interest rates to those who lock capital for third-party use.
There are many ways of taking part in the cryptocurrency market and making money from it. Many people are familiar with day-to-day spot trading and futures trading etc. While the profits from trading are often lucrative, the market is often risky due to the crypto market's high volatility. Because of this, trading usually requires a great deal of time, research, and some bit of luck to get your calls right much more often than not.
Many of us who have a low-risk appetite would rather venture into trading, buy our favorite crypto assets, hold them in our wallets, and wait for them to appreciate them before selling off and making some gains. While this is relatively safe to do, there are low-risk options that we can take advantage of to grow our crypto assets. Instead of leaving them lying idle in our wallets, users can stake their tokens. To help people in this category profit from their crypto holdings, the world's largest crypto exchange, Binance, has developed a suite which they named Binance Earn.
Binance Earn is a platform created by Binance with various products which enable users to earn additional profit from their crypto holdings. These products are in four main categories, flexible term products, fixed-term products, Launchpool, and Asset Management. Let's take a look at each of these options and their features.
The first offer is Flexible Savings. It gives one the option of earning interest by keeping one's crypto assets in the custody of Binance. It is quite similar to what is obtainable with a bank's savings account. There is no tenure on your deposited crypto assets, and you can withdraw them anytime.
This product suite comprises a range of options that come with a fixed tenure. They typically have higher rates of interest than the flexible term product. With the options available in this class, you can deposit your crypto assets into a pool and earn interest. If the assets are Proof of Stake assets, you can stake them within the platform and earn higher returns. The only caveat here is that you must agree to lock up your assets with the platform for a specified time. If you want to unlock them before the term expires, you may lose the entire interest or get just a fraction of it.
Much like yield farming, the Launchpool gives users the option of locking/staking their crypto assets in a liquidity pool as part of efforts to fund newly launched projects. In return, they earn interest paid out in the tokens of those new projects. This is my favorite because it is easy to make nice additional gains if the new tokens earned appreciate well in value.
This class is made up of the following product offerings: Dual Savings, Binance Liquid Swap, and BNB vault. Though they differ in their characteristics, they are common because they are designed to maximize returns.
The different products, their peculiarities, and features are elaborated upon concisely here.
Lots of people are averse to the risks associated with trading cryptocurrencies. Many would rather just keep their crypto assets and wait for a time they can sell them profitably. Instead of leaving such assets idle in one's wallet, it would pay more to engage them in low-risk activities that would generate interest. The world-leading crypto exchange, Binance, uses its unique Binance Earn suite to provide users a range of yield-bearing products. In short, this seamless feature allows one to utilize their crypto assets to earn passive income.
