Grizzly.Fi, the trailblazing DeFi platform dedicated to democratizing progressive monetary options, has shared a momentous announcement that transcends its vibrant group.
On July 21, 2023, Grizzly Commerce, their decentralized perpetual platform constructed on opBNB in collaboration with Metavault Commerce, formally launched on BNB Mainnet.
This extremely anticipated launch marks the platform’s development into a brand new realm alongside its current vary of incomes merchandise, additional benefiting the Grizzly ecosystem.
The First Decentralized Perpetuals on opBNB
Grizzly, one of the crucial promising initiatives within the DeFi span, has launched its decentralized perpetual trade, Grizzly Trade.
This strategic enlargement marks a major milestone for the Grizzly Ecosystem, because it faucets into a brand new market and propels the platform in the direction of its imaginative and prescient of changing into a decentralized hub for DeFi’s best utilities.
In collaboration with Metavault Commerce, Grizzly.Fi has prolonged its product line to incorporate a futures buying and selling platform, offering extra advantages to the Grizzly ecosystem.
The opBNB (BNB Layer 2) deployment course of commenced on June 30, 2023, and made Grizzly Commerce accessible for testing. Following the preliminary deployment on the opBNB Testnet, the platform was additionally launched on the BNB mainnet on July 21.
Grizzly Commerce permits customers to commerce blue-chip cryptocurrencies resembling BTC, ETH, and BNB with leverage of as much as 50x whereas guaranteeing a completely non-custodial expertise.
The platform boasts an intuitive and user-friendly interface, offering a glimpse of the upcoming V2 replace, which goals to rework the rising ecosystem right into a beginner-friendly crypto hub.
Past its attraction as a brand new product catering to a broader viewers, Grizzly Commerce performs a significant function throughout the Grizzly ecosystem, serving as a profitable actual yield supply for yield farmers. By offering liquidity, customers can earn 50% of all platform charges whereas concurrently being uncovered to BTC, ETH, BNB, and stablecoins.
One of the notable options of Grizzly Commerce is the built-in Buyback & Burn performance for Grizzly’s native token, “GHNY.” This distinctive characteristic makes use of 25% of all generated platform charges to buy GHNY from the open market and burn it. This mechanism successfully curbs inflation, remodeling GHNY into an ultrasound (deflationary) token.
Grizzly Commerce not solely expands the potential market measurement by introducing a utility already utilized by hundreds of people recurrently but additionally stabilizes inflation and drives the protocol’s traction.
It signifies an necessary step in the direction of attaining the overarching purpose of the Grizzly ecosystem: to guide and onboard the following million customers into DeFi.
Win Huge with GrizzlyFi’s “Commerce to Earn” and “Commerce to Win” Challenges!
In parallel with this launch and to have a good time it, GrizzlyFi establishes new buying and selling challenges to reward and encourage new customers to discover the platform: ‘Commerce to Earn’ and ‘Commerce to Win.’ With these two challenges, customers can win spectacular prizes from a reward pool of $20,000 within the ‘Commerce to Earn’ problem with a $1,000 transaction quantity. Additionally, they will compete for a number of the $50,000 and $30,000 prize swimming pools within the ‘Commerce to Win Newbie’ and ‘Commerce to Win Professional’ challenges, respectively.
Grizzly.Fi is a tech firm based in 2021, and it incorporates a DeFi platform devoted to democratizing decentralized finance for all.
Right now, Grizzly.Fi can be one of the crucial intuitive Liquidity Mining platforms. Famend for its options and unwavering dedication to inclusivity, the corporate units the benchmark within the business.
Other than its distinctive accessibility, Grizzly.Fi upholds an unwavering concentrate on safety and transparency.
Using cutting-edge safety protocols, the platform ensures the utmost safety of customers’ funds and private info whereas fostering a tradition of full operational transparency.
Keep Up to date
For extra info, uncover the honeycomb of Grizzly.Fi and discover its distinctive vary of merchandise by visiting its official website. Additionally, have interaction with the corporate by way of social media on LinkedIn, Twitter, Discord, Telegram, Reddit, Instagram, and YouTube, to remain linked with the most recent information and updates.
Disclaimer: It is a sponsored press launch and is for informational functions solely. It doesn’t mirror the views of Crypto Each day, neither is it supposed for use as authorized, tax, funding, or monetary recommendation.