CryptossorCryptossor
  • Home
  • News
    • Global
    • Bitcoin
    • DeFi
    • Cryptocurrency
    • Economy
  • Technology
  • Contact
Facebook Twitter Instagram
Subscribe
CryptossorCryptossor
Twitter
  • Home
  • News
    1. Global
    2. Bitcoin
    3. DeFi
    4. Cryptocurrency
    5. Economy
    6. View All

    Investors Seek Refuge in Cash as Recession Fears Mount, BOFA Survey Reveals

    Mayıs 18, 2023

    Report: Well Known Crypto Firms Still Not Adhering to Basic Governance Standards

    Mayıs 18, 2023

    EU Council Adopts New Rules for Europe’s Crypto Markets

    Mayıs 18, 2023

    BRICS to Strengthen Economic Cooperation — Sherpa Calls for Increased Trade in National Currencies

    Mayıs 18, 2023

    Bitcoin Billionaire: This Platform Could Crash! But Like FTX..

    Ocak 11, 2023

    Tomorrow is Critical Day for Bitcoin: 5 Analysts Are Waiting For These!

    Ocak 11, 2023

    2 Important Charts Say ‘Buy’ This Cryptocurrency!

    Ocak 11, 2023

    Major Cryptocurrency Exchange Announces: Terminating!

    Ocak 11, 2023

    Defrost Finance Team Calls Rug Pull Claims Slander

    Aralık 30, 2022

    Arab Bank Switzerland Presents 10 DeFi Tokens to Customers

    Ocak 7, 2022

    Celsius Network Confirms They Lost Money In BadgerDAO DeFi Attack

    Aralık 3, 2021

    SEC Chairman Gary Gensler Speaks About DeFi

    Aralık 1, 2021

    Bitcoin Price Predictions for 2023 from the Professionals

    Ocak 11, 2023

    Why Is Bitcoin Price Rising? Will the Ascension Continue?

    Ocak 11, 2023

    Iceberg Capital Launches $1 Billion Fund with Venom Foundation

    Ocak 11, 2023

    What is Flare (FLR)? Flare Token Price and Comment

    Ocak 11, 2023

    The end of the road has appeared for the Plus model of the Samsung Galaxy S series! So what’s the reason?

    Ocak 11, 2023

    Mortgage applications increase in the USA, interest rates decrease

    Ocak 11, 2023

    The expectation for the future of the economy is getting worse: The rate of those who have negative expectations about the economy has increased from 50 percent to 71 percent.

    Ocak 11, 2023

    Economists hope lifting of China’s COVID bans will boost 2023 growth better than expected

    Ocak 11, 2023

    Investors Seek Refuge in Cash as Recession Fears Mount, BOFA Survey Reveals

    Mayıs 18, 2023

    Report: Well Known Crypto Firms Still Not Adhering to Basic Governance Standards

    Mayıs 18, 2023

    EU Council Adopts New Rules for Europe’s Crypto Markets

    Mayıs 18, 2023

    BRICS to Strengthen Economic Cooperation — Sherpa Calls for Increased Trade in National Currencies

    Mayıs 18, 2023
  • Technology
  • Contact
CryptossorCryptossor
Home»Altcoin»Bitcoin․com Launches VERSE Staking as Ecosystem Token and DEX Heat Up
Altcoin

Bitcoin․com Launches VERSE Staking as Ecosystem Token and DEX Heat Up

cryptossorBy cryptossorNisan 18, 2023Yorum yapılmamış3 Mins Read
Facebook Twitter Pinterest LinkedIn Reddit WhatsApp Email
Share
Facebook Twitter Pinterest Reddit WhatsApp Email



As the traditional banking system experiences growing instability with the failures of Silicon Valley Bank, Signature Bank, Silvergate Bank, and Credit Suisse, more individuals are turning to decentralized finance (DeFi) as a secure and attractive alternative. Verse DEX, Bitcoin.com’s decentralized exchange, has been flourishing as a result, enjoying a rapid surge in Total Value Locked (TVL) and gaining recognition as a reliable refuge from traditional banking woes.

In recent weeks, Verse DEX has witnessed TVL increase by nearly 300%, surpassing the $15 million mark. This impressive growth has propelled Bitcoin.com’s decentralized exchange into the 13th highest-ranked DEX on Ethereum and the 66th overall. To further strengthen its offerings, Bitcoin.com is now launching VERSE Staking, allowing anyone to earn rewards for depositing VERSE tokens on Verse DEX here.

Dennis Jarvis, Bitcoin.com CEO, emphasizes the significance of Verse DEX in the pursuit of economic freedom: “At Bitcoin.com, our mission is to create economic freedom in the world. Verse DEX is an essential component of that mission, providing individuals with a decentralized trading platform that promotes financial empowerment and independence. The remarkable growth of Verse DEX in TVL rankings showcases the rising appeal of decentralized finance as an alternative to the increasingly unstable traditional banking sector. Bitcoin.com’s ecosystem, including the VERSE token, is playing a vital role in promoting economic freedom and widening access to financial opportunities in these uncertain times.”

Jarvis hinted that higher yields and other benefits may soon be made available to VERSE stakers. “We’re still developing the long-term staking mechanics, but they will likely include incentives for early stakers. Additionally, those who stake for longer or perform certain actions will get boosters, creating additional value for users and the ecosystem.”

How VERSE Fits Into The Bitcoin.com Ecosystem

Launched in December 2022, the VERSE token is designed to incentivize users to progress on their crypto journey. By unlocking rewards along tiers, serving as a method of payment in the Bitcoin.com ecosystem and beyond, and granting access to exclusive platform services, VERSE encourages people to engage with and reap the rewards of the decentralized finance world. Currently, VERSE rewards are available to early adopters through farming on Verse DEX and the newly introduced staking opportunity.

Since launch, Bitcoin.com Verse has secured over 75 partnerships, integrations, and collaborations. Highlights include a strategic partnership with industry-leading fiat←→crypto onramp MoonPay that enables anyone to buy Bitcoin.com’s ecosystem token VERSE with local currency, auto-compounding via Beefy Finance of Verse Farms rewards to boost APY, and a wide range of DEX aggregators, analytical tools, and wallets.

About Verse

VERSE is the rewards and utility token for users who contribute to and participate in the Bitcoin.com ecosystem. The VERSE token is designed to expand access to decentralized finance and help unlock the economic freedom it provides. Bitcoin.com’s multichain Verse DEX is an automated market maker-based decentralized exchange that aims to bring everyone permissionless and self-custodial trading access.

 

 



Source link

Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Email
Previous ArticleEnvironmental Impact of AI Models Takes Center Stage Amid Criticism Against Bitcoin Mining
Next Article Zambia to Complete Testing Real-Life Crypto Usage Simulations by June — Government Minister
cryptossor
  • Website
  • Twitter

The most realistic News Of The Crypto [email protected] https://twitter.com/cryptossorcom

Related Posts

Investors Seek Refuge in Cash as Recession Fears Mount, BOFA Survey Reveals

Mayıs 18, 2023

Report: Well Known Crypto Firms Still Not Adhering to Basic Governance Standards

Mayıs 18, 2023

EU Council Adopts New Rules for Europe’s Crypto Markets

Mayıs 18, 2023

BRICS to Strengthen Economic Cooperation — Sherpa Calls for Increased Trade in National Currencies

Mayıs 18, 2023

146 Top Executives Urge Biden to Prevent US Default — Warns of ‘Disastrous Consequences’

Mayıs 17, 2023

Axie Infinity Origins Breaks Through Apple’s App Store Barrier, Now Accessible to Select iOS Users

Mayıs 17, 2023
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Subscribe to Updates

Get the latest sports news from SportsSite about soccer, football and tennis.

Advertisement
Our Picks
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo
Don't Miss
Altcoin

Investors Seek Refuge in Cash as Recession Fears Mount, BOFA Survey Reveals

By cryptossorMayıs 18, 2023

Investors, plagued by mounting pessimism, have sought refuge in cash, according to a recent survey…

Report: Well Known Crypto Firms Still Not Adhering to Basic Governance Standards

Mayıs 18, 2023

EU Council Adopts New Rules for Europe’s Crypto Markets

Mayıs 18, 2023

BRICS to Strengthen Economic Cooperation — Sherpa Calls for Increased Trade in National Currencies

Mayıs 18, 2023

Subscribe to Updates

Get the latest creative news from SmartMag about art & design.

Facebook Twitter Pinterest

Type above and press Enter to search. Press Esc to cancel.