Phoenix Introduces Yield Platform with USDC Payouts: Review

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Phoenix generates yield for it’s users by providing liquidity to a range of top-tier cryptocurrency DEXes, including the likes of Uniswap, TraderJoe and 1 Inch. All the risk-reward programs offered on Phoenix are free from leverage, thus being less exposed to volatility and market manipulations. In the bear market of 2021-2022, the yield farming protocol segment lost part of its audience, but in 2024 it is actively recovering from “Crypto Winter.”Yield farming is far from being the only way to generate passive income in the cryptocurrencies segment. Besides that, customers can also inject liquidity into centralized lending protocols.

After setting up their account, users can deposit money. The process of registration is simplified and requires no specific crypto-related skills. Once the account is activated and validated, Then, users can choose the particular liquidity mining program , authorize the transaction and transfer money to the liquidity pool. Algorithms by Phoenix automatically start generating yield once liquidity enters the corresponding pool.

The tech development of the platform is helmed by George Violaris, the CTO of Hatchworks VC firm and a passionate innovative software developer and team leader with 15 years of experience in JavaScript, TypeScript, PHP, Java, Python, Go, databases and so on.

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