What is ByteX?
ByteX is a Zero collateral crypto loans CeDeFi platform based in Canada and catering to institutions and individuals globally with Earn, Borrow & Trade services using Web3 technology. ByteX is focused on delivering the best of both centralized and decentralized worlds. The aim is to remain compliant while bridging the two sides.
With ByteX, institutions can have their DeFi borrower pool, and individuals can avail of zero collateral loans based on the Credit Rating System for both on/off-chain activities. KYC-verified users could supply the capital to zero protocol by depositing in the borrower pool to earn interest. Verified institutions can borrow funds with zero collateral and choose their interest and flexible tenure. Users can appreciate the ease of trading safely while allowing users to leverage the DeFi modules and increase their earnings.
What are Stablecoins?
The simplest explanation for stablecoins is that they are digital assets pegged to a stable asset, such as the US Dollar. This means that no matter what happens in the market, the value of your stablecoin will remain the same. This stability makes them ideal for earning passive income, as you don’t have to worry about the value of your investment fluctuates.
There are a few different ways to earn passive income with stablecoins.
→ One way is to simply hold them in a wallet and earn interest on their holdings. Many exchanges and wallets offer interest-bearing accounts for stablecoins, so you can earn a little bit of extra income just by holding onto your coins.
→ Another way to earn passive income with stablecoins is to use them to lend money on a lending platform. Most lending platforms allow you to set your own interest rates, so you can control how much passive income you earn.
Earn with ByteX Stablecoin –
Users can use both USDC and BUST to earn a passive income. With ByteX Earn with Stablecoin program, users can earn upto 9% APR on their holdings. With more to be added soon, users can make the best of their holdings on the ByteX platform.
ByteX Earn Program at a Glance
Presently users can earn using two currencies, USDC & BUSD, with several more to be added in the future. Users can lock their stablecoins for a duration of 3/6/9/12 months and earn upto 9% returns on their locked assets. With a monthly payout and a minimum investment of $100, ByteX users can leverage their holdings and earn stable returns even in the bear market.
ByteX Earn with Stablecoins can be availed by the web as well as mobile users. The rewards of the earn module will be calculated and credited to the users every month. Please note that once funds are pledged and locked for earning, they can only be redeemed after the completion of the lock-in period and cannot be withdrawn before maturity.
How To Make The Best Of Bear Market With Bytex Stablecoin Earn?
Bear market or not, now, an investor does not have to withdraw from earning returns on their investments. The good news for investors is that you can still earn passive income with the ByteX Stablecoin Earn program.
Here’s how:
- Choose from USDC & BUSD and select from 3/6/9/12 months, the duration you feel comfortable receiving monthly rewards.
- You will start receiving monthly rewards of up to 9% for the selected duration.
- Withdraw your earned interest whenever you want and use it at your discretion.
- That’s it! You’re now earning passive income with ByteX Stablecoin Earn.
For someone looking for a way to earn passive income in a bear market, stablecoins are a great option. With their stability, you can earn interest on your holdings. So don’t let the bear market get you down.
Start Earning Now: https://bytex.io/earn/explore
