Bitrue} A solution that brings together 3 types of investment vehicles while being backed by real assets

This Tier 1 crypto exchange platform has launched an investment management project that combines three types of investment vehicles, staking, yield farming and quantitative trading in one solution, allowing investors to deposit their capital and backed by real assets.

With blockchain technology, we have financial services that push the boundaries of traditional financial systems. While lending, derivatives trading, and fund management already existed, Decentralized Finance (DeFi) has paved the way for a new way of investing.

Read more: How to Avoid a Beanstalk-Like “Flash” Attack: An Expert’s Advice

Bitrue, a Tier 1 crypto exchange platform, launches an investment management project unique in the market, bringing together three types of investment vehicles, staking, yield farming and quantitative trading in one solution. It is not common for mainstream digital currency exchanges. For better orientation, it is more of a product offered by managers like Bitwise or Grayscale.

The solution will allow investors to deposit their capital and earn rewards in BMAX tokens with a 15-100% return increase (compared to standard staking). It is backed by real assets as the new product is designed to generate the reward through assets like Ethereum (ETH), Cardano (ADA) and Solana (SOL) to support payouts to depositors.

Adam O’Neill

The whole premise of the project is to make yield farming easier for our users to access while getting the most yields

The Tech Panda spoke to Adam O’Neill, Chief Marketing Officer at Bitrue, about the pain points in the market they are trying to solve with BMAX.

“Because DeFi is a growing sector, it still has many limitations compared to the traditional financial market. BMAX will solve problems that have existed in most DeFi protocols such as: E.g. inflexible blackouts and inconsistent losses,” he explains.

“In addition, it will be much easier to invest compared to methods such as using synthetic assets previously proposed by other projects. The whole premise of the project is to make yield farming easier for our users to access while still getting the most yields,” he adds.

features

BMAX removes the hassles associated with grappling with the growing DeFi landscape while giving returns to investors at the same time. Its design hinges on repositioning the Bitrue ecosystem as the one-stop shop for all things DeFi.

“Whenever a user deposits into one of our yield farms, their funds are allocated to various investment vehicles that are carefully curated by the Bitrue team. Users then receive rewards in the form of BMAX tokens, the supply of which is limited,” says O’Neill.

“The BMAX tokens can be reinvested back into the yield farms or used for trading on our platform. Additionally, investments can be unlocked at any time, with a maximum waiting time of one day,” he adds.

The new investment model will allow investors to deposit their capital and earn rewards in BMAX tokens with a 15-100% return increase (compared to standard staking). The investment vehicle is billed to be managed by a specialized team set up by the trading platform.

It’s time to unveil the $BMAX Asset Management Token!

This is a new deflationary sign that will help maximize #YieldFarming rewards

-15-100% increase in YF rewards
-Community property. NO team funds
– Solid business model

Read more including the lite paper: https://t.co/wF6YBWAz2V pic.twitter.com/CK2OWXJcmJ

— Bitrue (@BitrueOfficial) April 12, 2022

The project will mandate the participation of a wide range of users and lower the barriers to entry as it will not impose any minimum or maximum investment caps. This condition makes it open to everyone, including retail, institutional and high net worth investors (HNIs).

Before launching the product that pays out rewards in the new reward token, Bitrue successfully managed Power Piggy. The product, along with the exchange’s yield farming products, has raised a total fund of over $600 million and paid out $56 million worth of USDT in rewards.

“Bitrue was the first exchange in the world to launch a crypto investment service with Power Piggy in 2018, and since then we’ve never stopped working on innovative ways to help users earn income from their crypto holdings. BMAX is the latest step towards that goal. We can’t wait for our users to start earning this token and take back control of their financial future,” he says.

inspiration

The new BMAX token will be implemented into the existing Bitrue Yield Farming hub. As a result, depositors can invest their wealth (like ETH, ADA, etc.) in Bitrue Yield Farming to access higher returns paid in BMAX. The benchmark APY will be 15% to 100% above the original POS staking mechanism.

We are intrigued by the idea of ​​liquid staking, first proposed by Project Lido, and wanted to bring this feature to our own community of six million people. We thought adding this sophisticated investment strategy to our already established community would enhance the DeFi experience for the general public

“We are intrigued by the idea of ​​liquid staking, first proposed by Project Lido, and wanted to bring this feature to our own community of six million people. We thought adding this sophisticated investment strategy to our already established community would enhance the DeFi experience for the general public,” says O’Neill.

The unique selling point of the BMAX

As the new product is formed to generate rewards via assets such as Ethereum (ETH), Cardano (ADA) and Solana (SOL) to support payouts to depositors, BMAX will be backed by real assets.

These characteristics of real asset hedging and diversified revenue generation models make BMAX sustainable and crash resistant over the long term. The coin has no offering at launch, which also makes it credible and trustworthy as only investors in Bitrues Yield Farm can own the token. Regular buybacks made with funds raised from the reward pool will be a key theme for the BMAX tokens, which will keep the tokens deflationary.

There are many yield aggregator tokens/projects out there, but very few of them have communities our size. Therefore we believe that we are in a league of our own and don’t have to worry about competitors

Investors have lost money to the DeFi world through fickle losses, hacks, and other related misfortunes frustrating the DeFi sector. The new investment product is a direct solution to these and many other challenges.

The initial circulation will be derived from an airdrop of 5 million BMAX held for existing BTR token holders. After that, BMAX tokens will be distributed across yield farming pools. With a zero supply for the team, this will be the only way to get BMAX going forward.

growth story

O’Neill says they’re not worried about competitors.

“There are many yield aggregator tokens/projects out there, but very few of them have communities our size. So we think we’re in a league of our own and we don’t have to worry about the competition,” he says.

That trust, he says, comes from the BMAX Yield Farming Hub being supported by a strong community that has been around since 2018.

“It can generate much higher returns because the investments aren’t limited to a specific pool,” he says.

Read more: What is Causing the Yield Farming Boom in DeFi? Answers from an expert

BTR’s trading volume has already quadrupled since the BMAX announcement last week and O’Neill says they look forward to more successes.

“We plan to expand the BMAX Yield Farming Hub to offer other investment products beyond staking and DeFi protocols for lending and liquidity delivery. We may well include investments in other products such as NFT and automated trading,” he reveals.

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