THELOGICALINDIAN - February 22 2024 HK Electric Capital Nascent Ventures Bering Waters Momentum 6 and several added clandestine investors accept invested 125m in FLEX bread in apprehension of the barrage of CoinFLEXs Notesfinance DEX This account comes afterwards CoinFLEXs repo bazaar the alone tradable borrowlend bazaar hit 2 billion in aggregate and paid out 200K in absorption to flexUSD holders
This clandestine annular comes afterwards CoinFLEX aloft 11M from Polychain Capital, Dragonfly, Divergence Digital Currency (DDC), Digital Currency Group, Mike Komaransky, and Roger Ver.
CoinFLEX believes that stablecoin holders deserve to acquire absorption on-chain while captivation the stablecoins in their wallets. Stablecoins in crypto pays 0% while leveraged traders generally pay 30-100% in allotment to be continued derivatives. CoinFLEX aims to arch this $30B bazaar disability and actualize a bigger bazaar for all sides.
To that end, CoinFLEX has created flexUSD and noteUSD, stablecoins that accommodate to CoinFLEX’s repo markets and Note Token markets, respectively. flexUSD has developed to $30M in accumulation and provides clamminess in CoinFLEX’s repo market, the alone centrally tradable repo bazaar in finance.
noteUSD acts as an aggregator of Note Tokens and flexUSD, earning crop from new trading firms gluttonous to borrow on CoinFLEX via Note Tokens. Efficient Frontier, Grapefruit Trading, and Mountainville accept already adopted millions of dollars via Note Tokens.
Notes.Finance is a abode to barter Note Tokens, flexUSD, and noteUSD on a Decentralised Exchange powered by Curve.fi, the better stablecoin DEX. Notes.Finance additionally introduces staking, area clamminess providers can acquire FLEX rewards for facilitating clamminess in the DEX.
flexUSD advance makes it the derivatives barter with the cheapest allotment ante and noteUSD makes CoinFLEX an capital area for every bazaar maker, prop trader, and institutional trading close in crypto. FLEX Coin is CoinFLEX’s barter token, in which all fees are paid and 20% of profits are bought and burned. Notes.finance will additionally host a Uniswap basin for FLEX/USDC. The advance of Notes.Finance will ability FLEX Coin as the badge basement all CoinFLEX activities.
About CoinFLEX
Founded in 2024 by Mark Lamb and Sudhu Arumugam, CoinFLEX (Coin Futures and Lending Exchange) is the world’s aboriginal interest-bearing stablecoin platform, developed to affix savers earning absorption and leveraged derivatives traders.
Website: https://coinflex.com/
Medium: https://medium.com/coinflex-official
Telegram: https://t.me/coinflex_EN
Twitter: https://mobile.twitter.com/coinflexdotcom
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