Grizzly.Fi, the pioneering DeFi platform dedicated to democratizing innovative financial solutions, shared a major announcement that goes beyond its vibrant community.
On July 21, 2023, Grizzly Trade, a decentralized sustainable platform built on opBNB in cooperation with Metavault Trade, was officially launched on the BNB mainnet.
The highly anticipated launch marks the platform’s entry into new territory alongside its existing line of money-making products, further benefiting grizzly bear ecosystem.
The first decentralized perpetual contract on opBNB
One of the most promising projects in the DeFi field, Grizzly launched a decentralized perpetual exchange, grizzly trade.
This strategic expansion marks a major milestone for the Grizzly ecosystem, as it enters a new market and advances the platform’s vision of becoming the decentralized hub of DeFi’s best utility.
Grizzly.Fi has partnered with Metavault Trade to expand its product line to include a futures trading platform, providing additional benefits to the Grizzly ecosystem.
The opBNB (BNB Layer 2) deployment process begins on June 30, 2023 and makes Grizzly Trade available for testing. Following the initial deployment on the opBNB testnet, the platform also went live on the BNB mainnet on July 21.
Grizzly Trade allows users to trade blue-chip cryptocurrencies like BTC, ETH, and BNB with up to 50x leverage, while ensuring a fully non-custodial experience.
The platform boasts an intuitive and user-friendly interface, allowing you to get a glimpse of the upcoming V2 update, which aims to transform the growing ecosystem into a beginner-friendly cryptocurrency hub.
In addition to its appeal as a new product catering to a wider audience, Grizzly Trade plays a vital role within the Grizzly ecosystem, providing income farmers with a lucrative source of real income. By providing liquidity, users can earn 50% of all platform fees while gaining exposure to BTC, ETH, BNB, and stablecoins.
One of the most notable features of Grizzly Trade is the built-in buyback and burn functionality of Grizzly’s native token “GHNY”. This unique feature utilizes 25% of all platform fees generated to buy GHNY from the open market and burn it. This mechanism effectively suppresses inflation, turning GHNY into a hypersonic (deflationary) token.
Not only does Grizzly Trade increase the size of the addressable market by introducing a utility that is already used by thousands of people on a regular basis, but it also stabilizes inflation and drives the protocol forward.
It marks a major step toward realizing the overall goal of the Grizzly ecosystem: to guide the next million users into DeFi.
Win big with GrizzlyFi’s “Trade for Money” and “Trade to Win” Challenges!
To celebrate the launch, GrizzlyFi has set up new trading challenges to reward and encourage new users to explore the platform: “Trade to Earn” and “Trade to Win”. Through both challenges, users can win great prizes from a $20,000 prize pool with $1,000 in trading volume in the “Trade to Earn” challenge. Additionally, they can compete for a portion of the $50,000 and $30,000 prize pools in the “Trade to Win Beginner” and “Trade to Win Pro” challenges, respectively.
DiscoverGrizzly.Fi
Grizzly.Fi is a technology company founded in 2021 with a DeFi platform dedicated to democratizing decentralized finance for everyone.
Today, Grizzly.Fi is also one of the most intuitive liquidity mining platforms. Known for its solutions and unwavering dedication to inclusion, the company sets the industry benchmark.
In addition to its exceptional accessibility, Grizzly.Fi has an unwavering focus on security and transparency.
The platform employs cutting-edge security protocols to ensure maximum protection of users’ funds and personal information, while fostering a culture of complete operational transparency.
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For more information visit Grizzly.Fi’s Cellular and explore their exceptional range of products Official website.Also, interact with companies through social media LinkedIn, Twitter, Disharmony, telegraph, Reddit, Instagramand youtubefor the latest news and updates.
Disclaimer: This is a sponsored press release for informational purposes only. It does not reflect the views of Crypto Daily and is not intended to be used as legal, tax, investment or financial advice.
