Exmo, a trading platform with more than a million verified users, united its strengths with Euler, a modular loan protocol, to improve the possibilities of yield for crypto traders.
The decentralized financial solutions (DEFI) benefit from a wave of renewed interest thanks to the new bulls signals, and a certain number of household players see this as an opportunity to establish new partnerships to improve their offers.
DEFI Lending Space recently hosted one of these alliances when Exmo and Euler announced their partnership to extend the yield possibilities for crypto users.
Created in 2014, Exmo is a trading platform with more than a million verified users. It connects those who wish to buy or sell digital assets on a cash market, facilitating fast and simple transactions. With a daily negotiation volume of around 60 million dollars, EXMO works with a team of 110 cryptography professionals.
Euler, on the other hand, is a modular platform for loans and decentralized loans designed to adapt to a changing deffi environment. The platform rationalizes loans and loans for everyday users by offering an approach accessible to financial opportunities. Euler’s modular architecture and institutional quality safety manufacturers allow personalized loan markets to be created, allowing them to adapt the risk parameters and the use of assets.
The strategic alliance increases the DEFI yields
EXMO’s partnership with EULER aims to strengthen the performance possibilities for USMO users taking advantage of the secure and economical loan protocol in Euler. By stimulating more than 1,000 ether (ETH) via Euler, EXMO intends to obtain better yields on its wrapped assets Ethereum (WETH). As part of the agreement, Exo will present the governance token of Euler, Eul, to its community via the simple commercial function and a packet of DEFI tokens.
With this collaboration, US users will be able to operate new DEFI products which potentially offer higher yields. On the side of Euler, the Eul included in the Ecosystem of Exmo raises its profile in the centralized exchange environment. By being listed on a platform which serves an important user base, Euler ensures that a wider audience becomes familiar with its loan and loan services.
Unified approach Bridges Céfi and Defi
Exmo stressed that the main objective of the partnership is to reduce the gap between centralized and decentralized finances while offering optimal return opportunities. Commenting on this joint initiative, the global CEO of EXMO, Mike Blank, said:
“At SUSMO, we believe that we must bring the best opportunities to define to our users while guaranteeing high -level safety and accessibility. The partnership with EULER allows us to improve our gains offers while introducing more people with decentralized finance in a transparent manner. »»
By joining Euler, Exmo continues its “long -term strategy to incorporate reliable and verified challenges of challenge”. According to EXMO, the solid antecedent safety history of Euler and the competitive rates align with the vision of the trading platform to create simple means for users to benefit from Defi.
The full calendar of EULER V2 audits.
In total, we carried out 26 audits and we worked with +13 security companies. pic.twitter.com/hmgavcsvb1
– EULER LABS🛢️🇬🇧 (@EULERFINANCE) August 1, 2024
Thanks to the EULER partnership, SUSMO remains determined to build an ecosystem where individuals can explore DEFI with confidence, assured that each step has been designed with efficiency and safety in mind. Such collaborations can pave the way for a wider participation in DEFI, opening up new possibilities for a more inclusive and more resilient financial future.
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