World

In a groundbreaking collaboration, <a href="https://i.bybit.com/10abVnbb" rel="noopener noreferrer nofollow">Bybit</a>, ranked as the third most frequented crypto exchange globally, has once again teamed up with the decentralized trading platform, ApeX Pro. This partnership heralds the introduction of ApeX Pro’s revolutionary Smart Liquidity Pool (SLP), designed to offer users a lucrative yield on the USD-pegged stablecoin, USDC. 
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The SLP is not just another liquidity pool; it’s a gateway for users to step into the shoes of professional market makers. By participating, they can reap profits that boast a high return-to-risk ratio. The pool’s market-making strategy is automated, placing buy and sell orders to harness profits from the bid-ask spreads. What’s even more enticing is that these profits are distributed among the pool’s subscribers, presenting liquidity providers with a promising avenue for passive income. 
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Ease of access is another feather in the cap for Bybit users. They can seamlessly dive into ApeX Pro’s offerings directly from their Bybit accounts. This eliminates the often cumbersome process of setting up a decentralized wallet and navigating through blockchains. And the entry barrier? A mere $10 USDC. In terms of growth, the SLP is set to witness a surge from $500,000 to a whopping $2,000,000 million within its inaugural month. This expansion aims to accommodate more users, allowing them to tap into this passive income reservoir. Moreover, plans are afoot to further amplify the pool cap in the subsequent months. 
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But the SLP’s innovation doesn’t stop there. One of its standout features is its adeptness at countering impermanent loss, a prevalent issue in conventional liquidity provision. In contrast to other liquidity strategies that restrict users to earning fees within a specified trade range, the SLP stands out. It guarantees continuous yield prospects, underpinned by its astute monitoring of user positions and adaptability to market fluctuations. 
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Ben Zhou, the co-founder and CEO of Bybit, expressed his enthusiasm about this venture, stating, “The launch of the Smart Liquidity Pool is a testament to ApeX Pro’s commitment to pioneering advancements in the DeFi sector. We, at Bybit, are elated to offer our users a straightforward pathway to explore the myriad opportunities that the decentralized finance realm presents, all accessible directly from their Bybit accounts.”

Bybit and ApeX Pro Introduce Innovative Smart Liquidity Pools to the Crypto World

WalletInvestor

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