Phoenic Leveller brings leveraged liquidity trading to DeFi, offering traders increased flexibility and return potential.
KYRENIA, CYPRUS. October 7th, 2024 – Miracle Cash & More, a leader in decentralised finance (DeFi) innovation, has officially launched its new liquidity pool, Phoenic Leveller, on the Avalanche blockchain. This ground-breaking platform is the first in the DeFi space to introduce leveraged liquidity trading, providing traders with the flexibility to increase their positions and maximise returns.
Leveraging Liquidity for Enhanced Trading
The Phoenic Leveller platform allows traders to amplify their liquidity positions by borrowing against their assets, enabling larger trades and the potential for higher returns. Unlike traditional liquidity pools, where users contribute liquidity without leveraging it, Phoenic Leveller offers traders the ability to pursue more advanced and profitable trading strategies.
Phoenic Leveller runs on the Avalanche blockchain, benefiting from its high scalability, low transaction fees, and fast processing times. This ensures a smooth trading experience for users at all levels, from beginners to experienced professionals.
A Secure and Scalable Trading Platform
“We’re incredibly excited to introduce leveraged liquidity trading through Phoenic Leveller,” said Hakan Törehan, CEO of Miracle Cash & More. “This innovative product, born from our Code Node investors, is set to become an on-chain NFT and marks a pivotal advancement in the DeFi space. By integrating with Avalanche, we’re providing traders with a secure, scalable, and dynamic environment to maximise opportunities. It’s a true game-changer in how people engage with decentralised finance.”
This launch comes as part of Miracle Cash & More’s broader growth strategy, which includes a strategic partnership with Ingenico, a global leader in POS systems, highlighting the company’s commitment to innovation in the financial sector.
Benefits of Leveraged Liquidity
With leveraged liquidity trading, Phoenic Leveller users can access more capital, increasing their potential returns. This flexibility allows traders to implement more sophisticated strategies, optimise capital use, and manage risk effectively. The platform’s intuitive design ensures these advanced features are accessible to both novice and seasoned traders. Low fees and quick transaction settlement further enhance the platform’s cost-effectiveness.
Transparency and Security with Smart Contracts
Phoenic Leveller leverages smart contracts to automate transactions, providing a high level of transparency and security for users. These smart contracts ensure that traders’ assets and positions are protected within the secure blockchain framework.
The launch of Phoenic Leveller is part of Miracle Cash & More’s broader mission to lead innovation in the DeFi space. By integrating advanced trading features, the company aims to provide users with greater control and more opportunities to grow their financial assets in the blockchain economy.
The Phoenic Token plays a vital role in this ecosystem, with a strategic buy-back plan designed to support its market value. Users can also trade Phoenic Tokens for other cryptocurrencies, enhancing liquidity and flexibility within the platform.