ADD.xyz Brings Top Crypto Lending Platfoms

TORTOLA, British Virgin Islands, June 09, 2021 (GLOBE NEWSWIRE) — ADD.xyz, a UK-based Private DeFi Aggregator that aims to bring all DeFi products under a single roof, announces the launch of V3 of its decentralized lending aggregation platform, +Earn. Earlier named ‘Lend and Earn’, +Earn enables users to deposit their cryptocurrencies and earn the best available interest rates across multiple DeFi platforms like Aave, Compound Finance, Yearn Finance, Fulcrum, and MakerDAO. Currently, users can generate passive income by earning interest rates on their stablecoins like USDC, USDT, BUSD, and DAI and altcoins like MKR and CRV. According to the company’s announcement, more tokens are expected to be added to the platform in the future based on the customers’ demand.

Users on automated lending platforms face tremendous resistance to deposit their cryptocurrencies. The biggest challenge comes from the high gas fee charged by the blockchain networks and smart wallets on the platforms. +Earn v3 removed the entire functionality of smart wallets and replaced it with a wallet connecting mechanism where users can just connect their Metamask or Ledger wallets directly to the platform and facilitate deposits and withdrawals directly from their own wallet. This reduced the number of transactions and steps users need to take to start earning passive income, which in turn, also resulted in the drastic reduction in gas fees by 90%. +Earn v3 doesn’t charge any platform fee on top

On +Earn v3, all users need to do now is connect their wallets and navigate to the main lending platform. Users can select the lending protocol they wish to use and the cryptocurrency they want to deposit on the platform. Once user approves the deposit, the cryptocurrency automatically enters the selected protocol’s lending contract and automatically starts accruing interest. The entire flow and smart contract automation are secured with regular stress testings and smart contracts audits conducted by partnered organizations.

Arnie Hill, CEO of ADD.xyz says “Our +Earn V3 roll out is important for the lending community within DeFi, we have managed to achieve 90% reductions in gas costs by removing away from expensive ‘smart wallets’ seen on other lending platforms. We’ve worked night and day into simplifying the UI and product processes while increasing functionality by enabling more protocols and more currencies.

Coinbase 2

“ADD.xyz has never had small dreams. To us, Decentralized Finance (or DeFi) with privacy is a belief in absolute freedom. This is why we are on our road to build a full-stack DeFi aggregator, plugging in multiple products and DeFi applications such as Lending, Privacy Mixing, Aggregated Governance, and much more into a single platform.”

ADD.xyz is a full-stack DeFi aggregator, which is bringing a complete suite of DeFi products and applications into one single platform, focusing on User Experience, Design, Privacy, and Anonymity. Privacy and security are the two most primarily focused features that the organization aims to retain in all its products and services. ADD.xyz is developing solutions to achieve a total decoupling and true sovereign wealth for everyone with our strong focus on anonymized privacy at the protocol level. Other than the partnered integrations, ADD.xyz is already partnered with some of the leading DeFi and blockchain companies like DIA, Metamask. Sentinel, Curve, and ANKR. ADD.xyz is backed by some of the leading venture investors like Nabais Capital, NGC Ventures, Touchlight, and SMC Capital.

Media Contact

Company: Add.xyz

Contact: Vikrant Mansera

Email: hello@add.xyz

Website: https://add.xyz/

Twitter: https://twitter.com/adddotxyz

ADD.xyz Brings Top Crypto Lending Platfoms 1
About the author

Brent Dixon is the owner of E-Crypto News and an early adopter of cryptocurrencies. He is a Book editor- that has edited numerous books on Cryptocurrencies. He has been a writer for more than 30 years. Covering everything from Jazz Music to Blockchain Technology. He currently lives with his wife on Miami Beach, Fl.

E-Crypto News Executive Interviews



bitcoin
Bitcoin (BTC) $ 47,957.00
ethereum
Ethereum (ETH) $ 3,416.78
cardano
Cardano (ADA) $ 2.35
tether
Tether (USDT) $ 1.00
binance-coin
Binance Coin (BNB) $ 408.72
xrp
XRP (XRP) $ 1.07
solana
Solana (SOL) $ 164.07
polkadot
Polkadot (DOT) $ 34.02
dogecoin
Dogecoin (DOGE) $ 0.23989
usd-coin
USD Coin (USDC) $ 1.00
USD
EUR
GBP
bitcoinBitcoin (BTC)
$ 47,957.00
ethereumEthereum (ETH)
$ 3,416.78
tetherTether (USDT)
$ 1.00
bitcoin-cashBitcoin Cash (BCH)
$ 633.22
litecoinLitecoin (LTC)
$ 179.85
bitcoinBitcoin (BTC)
40.715,25
ethereumEthereum (ETH)
2.900,83
tetherTether (USDT)
0,848995
bitcoin-cashBitcoin Cash (BCH)
537,60
litecoinLitecoin (LTC)
152,69
bitcoinBitcoin (BTC)
34,761.39
ethereumEthereum (ETH)
2,476.64
tetherTether (USDT)
0.724845
bitcoin-cashBitcoin Cash (BCH)
458.99
litecoinLitecoin (LTC)
130.36

Automated trading with HaasBot Crypto Trading Bots

Crypto Scams

Crypto Scams
Crypto Scams Still Persistent In 2021, SEC Warns About Red Flags To Watch
September 9, 2021
Poly Network
Here’s How Hackers Stole Over $600 million in the Poly Network Attack
August 12, 2021
The World’s Most Infamous Crypto Hacks and Scams
July 31, 2021
Cryptocurrency Exchanges
Cryptocurrency Exchanges and the Plague of Scams and Bans
June 29, 2021
What Role Do Cryptocurrencies Play In The Era Of Ransomware Attacks?
June 9, 2021

Blockchain/Cryptocurrency Questions and Answers

Beginner’s Guide to Investing in Cryptocurrency
August 9, 2021
Short-Sell Cryptocurrency
How to Short-Sell Cryptocurrency: A Brief Overview
July 17, 2021
Klaytn
What Is Klaytn (KLAY) And How Does It Work?
July 16, 2021
Cryptocurrencies
Our Crypto Roundup Interview Asks- Do Cryptocurrencies Have a Future?
July 15, 2021
Solana
What Is Solana (SOL) And How Does It Work?
June 26, 2021


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin48,096 0.33 % 0.24 % 6.41 %
Ethereum3,433.9 0.58 % 1.35 % 5.07 %
Cardano2.360 0.21 % 1.09 % 9.65 %
Tether0.9986 0.03 % 0.08 % 0.23 %
Binance Coin410.41 0.31 % 1.33 % 1.55 %
XRP1.070 0.30 % 0.79 % 0.16 %
Solana164.10 0.10 % 11.93 % 7.78 %
Polkadot30.87 2.19 % 17.29 % 10.73 %
Dogecoin0.2408 0.32 % 1.49 % 0.16 %
USD Coin1.000 0.12 % 0.13 % 0.07 %

bitcoin
Bitcoin (BTC) $ 47,957.00
ethereum
Ethereum (ETH) $ 3,416.78
cardano
Cardano (ADA) $ 2.35
tether
Tether (USDT) $ 1.00
binance-coin
Binance Coin (BNB) $ 408.72
xrp
XRP (XRP) $ 1.07
solana
Solana (SOL) $ 164.07
polkadot
Polkadot (DOT) $ 34.02
dogecoin
Dogecoin (DOGE) $ 0.23989
usd-coin
USD Coin (USDC) $ 1.00