DUBAI, UAE, Sept. 5, 2023 -/African Media Agency(AMA)/- Bybit, the third most visited crypto exchange in the world, is once again collaborating with permissionless and decentralized trading platform ApeX Pro to open the door to the new Smart ApeX Pro Liquidity Pool (SLP), where users can easily earn an attractive real return on USDC-pegged stablecoin USDC.
The SLP offers users the opportunity to become professional market makers and earn profits with a high risk-return ratio. The pool market making strategy automatically places buy and sell orders to make profits from bid-ask spreads. The profits are shared among the pool subscribers, giving liquidity providers an attractive passive income.
Bybit users can access ApeX Pro directly from their Bybit account without having to set up a decentralized wallet and navigate blockchains directly, and they can access the product with as little as 10 USDC. The total size of the SLP will grow from $500,000 to $2,000,000 million over the course of the first month, allowing more users to benefit from this passive revenue stream as the pool cap continues to grow in the coming months.
Another important advantage of the SLP is its ability to cushion temporary losses, a common problem in traditional liquidity provision. Unlike other liquidity strategies where users only earn fees when trades are within a certain range, the SLP offers continuous earning opportunities thanks to careful monitoring of user positions and adjustment to market conditions.
“ApeX Pro continues to pioneer innovation in the DeFi space with the launch of the Smart Liquidity Pool,” said Ben Zhou, co-founder and CEO of Bybit. “We’re proud to offer Bybit users direct access to the next level of opportunity in decentralized finance right from their Bybit account.”
Distributed by African Media Agency (AMA) on behalf of Bybit.
About Bybit
Bybit is one of the top five cryptocurrency exchanges founded in 2018, offering a professional platform where crypto investors and traders will find an ultra-fast matching engine, 24/7 customer service and multilingual community support. Bybit is a proud partner of the reigning Formula 1 Constructors’ and Drivers’ Champion: the Oracle Red Bull Racing team.
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Reed Li
Senior PR specialist
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Source: African Media Agency (AMA)
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