Single Finance has partnered with SpookySwap. The partnership grants two mutually great opportunities to their respective communities. First, users will now be able to stake their digital holding of $xBOO and earn $SINGLE. Second, the $USDC-$SINGLE farm is now live on SpookySwap.
Single Finance announced the news on Twitter.
Single Finance is the first platform to generate marked-to-USD DeFi yields. The platform tries to reduce the impact of pricing adjustments to safeguard users from experiencing a significant loss. Single Finance does this by sharing core strategies with the users that they can follow and implement easily.
The intuitive nature of the platform plays a key role in ensuring that all the important details are present in a visualized manner. Users get them at their fingertips or through a single click as the platform puts it on the official website.
A clear picture, therefore, draws three pillars of Single Finance that are enough to know how reliable the platform is.
- The aim is to maximize return
- Manage maximum downside
- Minimize impermanent loss
Single Finance is backed by partners like Double Peak, Trinity Venture Capital, Palar Capital, MEXC Global, and Yahoo Finance. It carries out functions for users from time to time, crucial to keep their portfolios running seamlessly while beating the market heat.
A bot protects the capital in USD without any human intervention. Automatic processing allows users to focus more on tracking what is happening in the market.
Single Finance regularly rebalances the portfolio to delta zero and borrows non-stable assets to minimize the impermanent loss. The feature gets active when there is a sudden change in the market. The borrowing position is then rebalanced to match the amount of non-stable coins in the liquidity pool.
SpookySwap is a decentralized exchange and a DeFi hub that focuses on traders and is entirely driven by the community. The economics of SpookySwap is powered by $FTM while the governance is regulated by $BOO.
At the time of drafting, the total volume registered stood at $60.9 billion. The market cap was noticed at $22,474,849.
Being able to trade tokens at the lowest fee is one of the major attractions and a sign that community does matter the most. Members seek their holdings to change hands at the lowest possible fee, leading to better pricing.
Adding to the liquidity pool is very well rewarded in terms of fees, and any contribution made strengthens the ecosystem as it makes liquidity a reality.
The future of SpookySwap lies in the hands of the community. SpookySwap is a community-driven DEX for a reason, for many reasons. Members have the right to table proposals and discuss the matters with other members, all this while having access to collect non-fungible tokens.
SpookySwap and Single Finance stand out in the market with their offerings. Joining hands only means a lot lies in the future, and the communities would be rewarded mutually for all the updates.