Phoenic Leveller introduces leveraged liquidity trading, offering traders greater flexibility and enhanced returns in the DeFi market.
KYRENIA, CYPRUS. October 7th, 2024 – Miracle Cash & More, a leader in decentralised finance (DeFi) innovation, is proud to announce the launch of its new liquidity pool, Phoenic Leveller, on the Avalanche blockchain. This cutting-edge platform allows users to leverage their liquidity positions, a first in the DeFi space. With this new feature, Miracle Cash & More offers traders greater flexibility and the potential for higher returns.
Enhancing Trading with Larger Positions
Phoenic Leveller’s unique leveraged liquidity feature enables traders to use their liquidity to borrow and trade larger positions, unlocking greater profit potential. Unlike traditional liquidity pools, where users are limited to providing liquidity without leverage, Phoenic Leveller offers traders the ability to enhance their strategies and aim for higher returns.
The platform is built on the Avalanche blockchain, known for its scalability, fast transaction speeds, and low fees. This infrastructure ensures that users, whether new to DeFi or seasoned professionals, can enjoy a smooth and efficient trading experience.
A Secure and Scalable Ecosystem on Avalanche
“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 is part of Miracle Cash & More’s ongoing growth strategy, including its partnership with Ingenico, a global leader in POS networks. This partnership demonstrates the company’s commitment to pushing the boundaries of financial technology.
Significant Benefits for Traders Using Phoenic Leveller
By leveraging liquidity, traders can access more capital and increase their returns. This added flexibility allows for more strategic risk management and optimised capital efficiency. The Phoenic Leveller platform is designed to make these advanced features accessible to both beginners and experienced traders. Low fees and rapid settlement times make the platform both cost-effective and efficient.
Smart Contracts for Transparency and Security
Phoenic Leveller is powered by smart contracts that automate transactions and provide a high level of transparency and security for users. These contracts ensure that traders’ liquidity and positions are protected within a secure blockchain framework.
Miracle Cash & More’s launch of Phoenic Leveller is part of its wider strategy to lead the DeFi space, offering traders more control over their financial activities. The platform also supports the Phoenic Token, which is central to the ecosystem. The company’s buy-back plan for Phoenic Tokens helps stabilise its value, and users can trade these tokens for other cryptocurrencies, further enhancing liquidity and flexibility within the ecosystem.
