| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $106935.7500000000 |
| ETH | $2460.5110000000 |
| BNB | $652.8205400000 |
| XRP | $2.2167350000 |
| ADA | $0.5650110000 |
| SOL | $149.8326000000 |
| DOGE | $N/A |
| DOT | $3.3406700000 |
| LTC | $86.3779000000 |
| LINK | $13.2566300000 |
Category: CRYPTO NEWS
The post Splice Finance: A New Yield Trading Hub on Linea appeared on BitcoinEthereumNews.com. Lawrence Jengar Sep 24, 2024 02:15 Splice Finance introduces a yield trading hub on Linea, allowing users to earn fixed or variable yields by splitting yield-bearing tokens. Splice Finance has launched the first yield trading application on Linea, providing users with an innovative way to earn fixed or variable yields. According to linea.mirror.xyz, Splice Finance allows users to lock in and earn fixed yields or maximize returns from interest-bearing assets. Splitting Interest-Bearing Tokens Splice Finance introduces a unique mechanism by which users can split their yield-bearing tokens into two distinct components: Principal Tokens (PTs) and Yield Tokens (YTs). This approach offers users the flexibility to choose between fixed and variable yields, thereby maximizing their earning potential. Splice Liquidity Providers Liquidity providers using Splice can earn additional trading fees on their tokens, enhancing their yield points without sacrificing exposure. By holding a mix of PTs and YTs in a liquidity pool, providers continue to earn the underlying yield while benefiting from trading fees generated by transactions involving PTs and YTs. Furthermore, liquidity providers can earn extra LXP-L and LRT points due to partner boosts, making Splice an attractive option compared to merely holding the asset. Splice and Linea The launch of Splice on Linea represents a significant development for the blockchain. By introducing a yield trading hub, Splice Finance enables Linea users to access a new asset class and derivative primitive on the chain. This not only provides more ways for users to earn yield but also paves the way for potential integrations within the yield derivatives vertical on Linea. For more detailed information, visit app.splice.fi. Image source: Shutterstock Source: https://blockchain.news/news/splice-finance-yield-trading-hub-linea
2024-09-24T02:22:10+00:00