Key Takeaways
- Bybit collaborates with ApeX Pro for Smart Liquidity Pools (SLP) to offer real yields on USDC.
- SLP empowers users as market makers with attractive return-to-risk ratios.
- Easy access to SLP from Bybit accounts, simplifying DeFi participation with a low $10 USDC investment.
Bybit, a leading crypto exchange, has partnered with ApeX Pro to facilitate users toward ApeX Pro’s new Smart Liquidity Pool (SLP). Through SLP, users will be able to earn an attractive real yield on USD-pegged stablecoin, USDC. SLP is also integral in terms of decentralized finance (DeFi). Let’s unveil the depth of this integration.
The Collaboration
ApeX Pro is a decentralized trading platform that has partnered with Bybit, one of the world’s top cryptocurrency exchanges. SLP is one of the most dominant tools in the market as it allows users to become professional market makers and earn profits with a favorable return-to-risk ratio.
SLP is also equipped with an automatic market-making strategy that captures profits from bid-ask spreads, and these profits get shared among pool subscribers. With this collaboration, Bybit users will now be able to access ApX Pro’s Smart Liquidity Pools directly from their accounts.
This collaboration lends a user-friendly aspect as well since users will no longer need to set up decentralized wallets or navigate complex blockchains. The initial investment for this collab, interestingly, is as low as $10 USDC.
Moving forward, if we direct our focus on Bybit, one would realize that the exchange has been making waves in. the crypto-sphere for quite some time. Recently, the platform announced the formation of TradeGPT to help users, but unlike its counterpart, ChatGPT, this one will actually help users in accessing real-time data.
All in all, the collaboration between these two platforms is one of a kind. With the potential impact of this collab on the DeFi space being in development, one can expect positive outcomes.
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