The Cronos Blockchain, decentralized Exchange and Defi Platform VVS Finance, expands its “Auto Harvest” functionality for return farmers in order to include Crypto.com prepaid card holders, giving them the possibility of spending what they earn from their cryptographic investments in thousands of real world stores around the world.
VVS said that the automatic harvesting for Crypto.com prepaid card holders is available immediately for all yield farms that pour compatible VVS tokens as rewards. Users will see when they make a deposit which liquidity pools support the automatic harvest function. They will now be able to select their crypto.com portfolio as their “harvesting destination”, and all the rewards sent there will be automatically converted to USDC or a local stablecoin equivalent, which makes them spend via the popular Crypto Debit card.
This is another feature that aims to simplify the DEFI experience for VVS users. VVS, which is the largest DEX platform on Cronos Cronos’ blockchain in Crypto.com, means “a very, very simple finance”, and its mission is to help make decentralized finances more accessible to people who do not know the concept.
Although its main function is to provide users with a place to exchange cryptographic tokens, it also offers in -depth deficiency capacities in an intuitive user interface, giving users the possibility of gaining return on their cryptographic participations.
In addition to the basic pace, where users help treat blockchain transactions in exchange for awards, it also allows “agricultural return”, which is a strategy that allows investors to lend their cryptocurrency to exchange in exchange for services. Users can deposit funds in various liquidity pools, which provide the capital necessary for others to exchange them. When they do, they earn a share of two thirds of the platform exchange fees, which currently cost 0.2% of the value of the transaction.
Crypto.com is a centralized exchange platform and therefore does not use liquidity pools. Instead, the exchange holds the capital itself. But one of its best features is the Crypto.com prepaid card, which allows anyone with funds from their crypto.com portfolio to pass them through the real world. As long as the user has sufficient funds in his account, he can spend them in any store which accepts transactions by Visa card.
According to Esther Wong of Crypto.com, the prepaid card of the company has become a “vital bridge” which connects the worlds of the crypto and the fiat, and with the update of today, it also becomes a springboard to Defi. She said it allowed VVS financing investors to “automatically claim their agriculture awards” and use them to buy “everyday goods and services”.
There are great incentives to want to use the Crypto.com card, in addition to having the possibility of spending the cryptocurrency. For example, if users buy and invest $ 400 from the CRO Native token Cro de Cronos Blockchain, they will be eligible for cashback awards that are up to 5% on their purchases, as well as discounts on third -party subscription services.
This makes the prospect of even more attractive automotive harvesting. This is an easy way for investors defined to crawl their crypto and ensure that their prepaid cards are always completed, because the yields they earn from VVS liquidity pools will be sent to their crypto.com portfolio once a day, but only as long as they won the minimum requirement of $ 6. Users can, alternately, choose to continue to harvest their DEFI yields manually at no additional cost.
The VVS Lead Yotei product believes that the automotive harvest option will appeal to a lot of card holders, as it reduces the headaches associated with the management of yield agriculture activities by transparent DFI and CEFI in a transparent manner.
“It is a breakthrough to make the finances decentralized accessible to traditional users, which can transparently claim their rewards and convert tokens without zero friction,” he said.
The Cronos Blockchain, decentralized Exchange and Defi Platform VVS Finance, expands its “Auto Harvest” functionality for return farmers in order to include Crypto.com prepaid card holders, giving them the possibility of spending what they earn from their cryptographic investments in thousands of real world stores around the world.
VVS said that the automatic harvesting for Crypto.com prepaid card holders is available immediately for all yield farms that pour compatible VVS tokens as rewards. Users will see when they make a deposit which liquidity pools support the automatic harvest function. They will now be able to select their crypto.com portfolio as their “harvesting destination”, and all the rewards sent there will be automatically converted to USDC or a local stablecoin equivalent, which makes them spend via the popular Crypto Debit card.
This is another feature that aims to simplify the DEFI experience for VVS users. VVS, which is the largest DEX platform on Cronos Cronos’ blockchain in Crypto.com, means “a very, very simple finance”, and its mission is to help make decentralized finances more accessible to people who do not know the concept.
Although its main function is to provide users with a place to exchange cryptographic tokens, it also offers in -depth deficiency capacities in an intuitive user interface, giving users the possibility of gaining return on their cryptographic participations.
In addition to the basic pace, where users help treat blockchain transactions in exchange for awards, it also allows “agricultural return”, which is a strategy that allows investors to lend their cryptocurrency to exchange in exchange for services. Users can deposit funds in various liquidity pools, which provide the capital necessary for others to exchange them. When they do, they earn a share of two thirds of the platform exchange fees, which currently cost 0.2% of the value of the transaction.
Crypto.com is a centralized exchange platform and therefore does not use liquidity pools. Instead, the exchange holds the capital itself. But one of its best features is the Crypto.com prepaid card, which allows anyone with funds from their crypto.com portfolio to pass them through the real world. As long as the user has sufficient funds in his account, he can spend them in any store which accepts transactions by Visa card.
According to Esther Wong of Crypto.com, the prepaid card of the company has become a “vital bridge” which connects the worlds of the crypto and the fiat, and with the update of today, it also becomes a springboard to Defi. She said it allowed VVS financing investors to “automatically claim their agriculture awards” and use them to buy “everyday goods and services”.
There are great incentives to want to use the Crypto.com card, in addition to having the possibility of spending the cryptocurrency. For example, if users buy and invest $ 400 from the CRO Native token Cro de Cronos Blockchain, they will be eligible for cashback awards that are up to 5% on their purchases, as well as discounts on third -party subscription services.
This makes the prospect of even more attractive automotive harvesting. This is an easy way for investors defined to crawl their crypto and ensure that their prepaid cards are always completed, because the yields they earn from VVS liquidity pools will be sent to their crypto.com portfolio once a day, but only as long as they won the minimum requirement of $ 6. Users can, alternately, choose to continue to harvest their DEFI yields manually at no additional cost.
The VVS Lead Yotei product believes that the automotive harvest option will appeal to a lot of card holders, as it reduces the headaches associated with the management of yield agriculture activities by transparent DFI and CEFI in a transparent manner.
“It is a breakthrough to make the finances decentralized accessible to traditional users, which can transparently claim their rewards and convert tokens without zero friction,” he said.
