Clearpool, a outstanding decentralized monetary lending market, has taken a major step ahead within the DeFi house with the launch of the T-Pool for Hex Belief’s latest stablecoin, USDX, on Flare. This new providing offers customers with a seamless alternative to earn USDX yields together with extra FLR rewards.
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The T-Pool comes with a number of enticing options:
Flexibility: Customers can stake and withdraw USDX at any time with out dealing with any lock-up durations or restrictions.
Maximized Returns: Along with incomes a 4% APY on USDX, customers additionally obtain extra FLR rewards, rising their total returns.
The launch of the T-Pool is consistent with Clearpool’s dedication to supply modern DeFi options that empower customers whereas guaranteeing a easy and user-friendly expertise. To assist customers navigate the complexities of incomes USDX returns and extra FLR rewards, Clearpool has created a complete information.
USDX: Stability and Flexibility
USDX, developed by HT Digital Property, emerges as an important DeFi primitive on Flare, providing stability and adaptability. USDX maintains a steadfast 1:1 ratio in opposition to the US greenback or equivalently valued belongings and is backed by reserves consisting primarily of 1-3 month T-Payments securely held by regulated tier-1 monetary establishments.
cUSDX, just like an LP (Liquidity Supplier) token frequent in lots of DeFi protocols, represents a 1:1 worth of deposited USDX. When customers deposit USDX to Clearpool, they not solely earn returns on their USDX, but additionally obtain extra rewards within the type of FLR tokens, guaranteeing a higher probability of returns.
FLR Rewards
Flare, a blockchain for information, affords a singular ecosystem optimized for data-intensive use circumstances equivalent to AI and real-world asset tokenization. FLR, Flare’s native token, performs a essential position in supporting community safety by way of staking, decentralized information provisioning, governance, and transaction price funds.
Clearpool helps MetaMask and Pockets Join, giving customers a well-recognized and seamless interface. Customers are suggested to make sure they’ve adequate FLR tokens to cowl transaction charges on the Flare community. FLR tokens could be obtained from centralized exchanges equivalent to Bybit or Gate and transferred to the FLR pockets.
Deposit USDX
Go to https://clearpool.finance/tpool and join your pockets.
Guarantee connectivity to the Flare community.
Within the My Portfolio part, click on Deposit.
Enter the specified quantity of USDX you want to stake and proceed with the deposit course of.
Declare rewards
Go to https://clearpool.finance/tpool and join your pockets.
Affirm connection to the Flare community.
Navigate to the Pool Rewards part and click on Declare Rewards to obtain accrued rewards.
Withdraw USDX
Go to https://clearpool.finance/tpool and join your pockets.
Guarantee connection to the Flare community.
Click on Embody within the My Portfolio part.
Specify the quantity of USDX you wish to withdraw and begin the withdrawal course of.
The launch of the T-Pool on Flare signifies Clearpool’s dedication to driving innovation in DeFi and offering customers with enhanced yield alternatives.