Support us with crypto to keep our blog alive
Technology is changing the concept of the command economy by governments, central banks and large corporations.
There are other alternatives that offer decentralization, security, accessibility and transparency: the so-called “decentralized finance”, or simply DeFi.
Decentralized finances are cryptocurrency investment instruments automated by smart contracts.
Being automated and decentralized, they make it possible to dispense with financial institutions such as banks.
In a world where a huge amount of the population does not have access to the banking system, DeFi seems to be accessible to almost anyone with just a mobile device.
The thousands of projects, protocols and alternatives that are offered makes it an overwhelming system for the beginner.
That is why proposals such as those of the Let’sBit crypto-exchange are valued by those who want to enter the ecosystem but do not know how or where.
The startup has launched a new interface that will allow users to generate returns with their cryptocurrencies automatically, being able to have daily profits just by keeping their assets within the platform.
The advantage of operating with platforms like Let’sBit is the possibility of simultaneously accessing a pool of investments in DeFi protocols that best fit the needs of each user, in a simple way.
Prior curation facilitates decision making in addition to being able to count on performance, risk and benefit information for each project in a clear and transparent manner.
This is how each user can choose to generate returns in BTC, ETH and other listed cryptos and access the highest rate in the market, allowing them to earn over 19% per year in dollars in an automated way, far from the 1.75% that grants a fixed term in traditional dollars in any bank.
The service works like a remunerated account in a bank, where there is no need to subscribe to any fixed term and both the capital and interest are available when the user requires them.
“Entering the world of investments can generate fear or distrust due to the lack of information or time to study each project”
“What we are looking for from Let’sBit is to accompany people on this path with an easy and clear platform, where each user can directly manage their cryptocurrencies, always maintaining the power of their capital and performance”, Agustín Abraham, CMO of Let’sBit.
First steps
To start generating returns from the platform, users must choose between the different currencies on which the service can be executed.
These include: ADA, ARS, BNB, BTC, CAKE, DAI, DOC, DOT, ETH, LUNA, MATIC, USDP, SOL, USDC, USDT and UST.
In addition to the wide variety of coins to choose from, there are different types of DeFi protocols with their respective rates to place assets.
This means that people can choose where to invest according to the investment strategy and wish to generate income.
It is important to note that interest rates vary depending on the chosen cryptocurrency.
In this way, users can generate returns on a daily basis in different criptomonedas which will be paid once a day 365 days of the year.
Advantages Let’s Bit
- Higher rates of market
Users can earn up to 19% annually in dollars to CriptOS as CAKE offering 60% per annum.
- Balances are not blocked
The balance of the users will be available for them to use whenever they want.
- daily payments
Yields will be collected every day at 5:00 p.m. in Argentina.
- Variety of protocols
When users choose a strategy to invest in, they can see the composition of the strategy, its expected return, and the risk that the platform assigns to it based on the size of the protocol.
- Variety of currencies to invest
Users can generate returns in ADA, ARS, BNB, BTC, CAKE, DAI, DOC, DOT, ETH, LUNA, MATIC, USDP, SOL, USDC, USDT and UST.
- Synergy with the rest of the platform
Within the same Let’sBit platform you can load balance, perform operations and obtain performance.
Probably wanna read: