Last Updated on: 7th October 2024, 04:56 pm
Phoenic Leveller introduces leveraged liquidity trading to the DeFi space, providing traders with increased flexibility and greater potential returns.
Miracle Cash & More, a key innovator in decentralised finance (DeFi), is thrilled to announce the launch of its new liquidity pool, Phoenic Leveller, on the Avalanche blockchain. This unique platform marks the first to allow users to leverage their liquidity positions, representing a major leap forward in the DeFi sector. By introducing leveraged liquidity trading, Miracle Cash & More offers traders the ability to increase their financial returns through more dynamic strategies.
Unlocking Larger Trading Positions
Phoenic Leveller enables users to increase their liquidity and borrow against their assets, unlocking new potential for larger trades. This revolutionary feature sets the platform apart from traditional liquidity pools, which restrict users to simply providing liquidity. By leveraging their positions, traders can pursue higher returns and adopt more sophisticated trading strategies.
The platform benefits from Avalanche’s high scalability, fast transaction speeds, and low fees, offering traders an efficient and cost-effective environment. Whether new to DeFi or an experienced professional, traders will find the platform easy to use and highly responsive.
Seamless Integration with Avalanche
“We’re incredibly excited to introduce leveraged liquidity trading through Phoenic Leveller,” said Hakan Törehan, CEO of Miracle Cash & More. “This innovative product, born from our Code Node investors, is set to become an on-chain NFT and marks a pivotal advancement in the DeFi space. By integrating with Avalanche, we’re providing traders with a secure, scalable, and dynamic environment to maximise opportunities. It’s a true game-changer in how people engage with decentralised finance.”
This launch follows Miracle Cash & More’s strategic partnership with Ingenico, a global leader in POS systems, underscoring the company’s commitment to driving innovation in financial technology.
Phoenic Leveller Offers Enhanced Returns
With the ability to leverage liquidity, traders can access more capital and achieve greater returns than they could with traditional pools. This added flexibility helps traders enhance their strategies, improve risk management, and use their capital more efficiently. Miracle Cash & More’s intuitive platform ensures that both new and experienced users can access these features easily, with low fees and quick settlement times creating a seamless trading experience.
Security Through Smart Contracts
The platform uses smart contracts to ensure transparency and security, automating transactions and protecting users’ assets. This gives traders confidence in the platform, knowing that their positions are safeguarded within the blockchain.
Phoenic Leveller is part of Miracle Cash & More’s broader strategy to expand its service offerings in the DeFi sector. By offering advanced trading features, the company is positioning itself as a leader in decentralised finance, empowering users with greater control over their financial futures.
The Phoenic Token plays a vital role in this ecosystem, and Miracle Cash & More’s strategic buy-back plan helps maintain its value. Users can also trade Phoenic Tokens for other cryptocurrencies, enhancing the platform’s flexibility and liquidity.
