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Kriptoteka > Market > Defi > Miracle Cash & More Unveils Innovative Liquidity Pool on Avalanche
Defi

Miracle Cash & More Unveils Innovative Liquidity Pool on Avalanche

marcel.mihalic@gmail.com
Last updated: October 7, 2024 4:13 pm
By marcel.mihalic@gmail.com 5 Min Read
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Miracle Cash & More, a frontrunner in decentralized finance (DeFi) innovation, is delighted to unveil its new liquidity pool on the Avalanche blockchain. Dubbed Phoenic Leveller, this pioneering pool represents the first platform allowing users to leverage their liquidity positions—an unprecedented advancement in the DeFi domain. By introducing this capability, Miracle Cash & More seeks to enhance traders’ flexibility and broaden their opportunities to optimize returns.

 

Enabling access to borrow and trade larger positions

 

The Phoenic Leveller liquidity pool enables users to magnify their liquidity positions, unlocking fresh potential in a rapidly changing financial environment. Leveraged liquidity trading is a state-of-the-art feature that differentiates this platform from conventional liquidity pools, where participants are generally confined to merely supplying liquidity. With Phoenic Leveller, traders can leverage their existing assets to borrow and trade on a larger scale, creating avenues for higher returns and more dynamic trading strategies.

 

By harnessing the capabilities of the Avalanche blockchain, Phoenic Leveller benefits from the network’s high scalability, minimal fees, and rapid transaction speeds. Avalanche’s infrastructure guarantees a highly efficient trading environment for traders, whether they are newcomers to DeFi or experienced professionals. Combining leverage with Avalanche’s advanced blockchain technology, Miracle Cash & More has crafted a platform that is both user-friendly and sophisticated, accommodating users of all experience levels.

Phoenic Leveller synergizes with Avalanche in a secure and scalable ecosystem

“We’re thrilled to unveil leveraged liquidity trading through Phoenic Leveller,” remarked Hakan Törehan, CEO of Miracle Cash & More. “This groundbreaking product, birthed from our Code Node investors, is poised to evolve into an on-chain NFT and signifies a major leap forward in the DeFi sector. By collaborating with Avalanche, we’re delivering a secure, scalable, and dynamic environment for traders to maximize opportunities. It’s a genuine game-changer in how individuals participate in decentralized finance.

This launch also coincides with our recent strategic alliance with Ingenico, a global leader boasting a POS merchant network exceeding 40 million units, underscoring Miracle Cash & More’s dedication to shaping the future of financial technology.”

The advantages for users of Phoenic Leveller are substantial. By leveraging liquidity, traders can potentially amplify their returns by accessing more capital than their initial contribution. This enhances flexibility in their trading tactics, allowing for more efficient risk management and capital usage. Miracle Cash & More’s user-friendly platform design ensures these advanced features are accessible to both beginners and seasoned traders alike. With Avalanche’s low transaction fees and rapid settlement times, the platform remains cost-effective and efficient, allowing users to concentrate on trading without undue delays or costs. 

 

Smart contracts ensure high level transparency

 

Additionally, the platform’s security is enhanced by the implementation of smart contracts, which automate transactions and ensure a high level of transparency and protection for users’ assets. This means that users can trade confidently, assured that their positions and liquidity are secured within a robust blockchain framework.

 

The launch of Phoenic Leveller is a key component of Miracle Cash & More’s broader strategy to enhance its offerings in the DeFi sector. By integrating advanced trading functionalities into its platform, Miracle Cash & More is positioning itself as a leading force in decentralized finance innovation. Phoenic Leveller is merely one of many initiatives aimed at empowering users to take control of their financial positions and seize more opportunities for growth in the blockchain ecosystem.

 

Miracle Cash & More also champions the Phoenic Token, which holds a central role in its ecosystem. The company has initiated a strategic acquisition plan, designating a portion of its monthly revenue to buying Phoenic Tokens. This buy-back strategy is crafted to bolster the token’s market value, fostering stability and growth for both the platform and its users. Through the Phoenic Leveller platform, users can also trade Phoenic Tokens for various supported cryptocurrencies, further enhancing flexibility and liquidity within the ecosystem.

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