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3 REASONS TO INVEST IN DEXs EVERY INVESTOR SHOULD KNOW ABOUT

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DEXs are booming right now as investors look to stake and farm their cryptocurrency investments and earn sustainable annual percentage yields APYs, taking a longer-term approach to cryptocurrency investments and getting more bang for their bucks.

But what’s so great about DEXs?

Here are three reasons to invest in DEXs every investor should know about.

Read on to find out more.

DEXS IN A NUTSHELL

A decentralized exchange (better known as a DEX) is a peer-to-peer marketplace where transactions occur directly between crypto traders without banks or intermediaries. The most popular DEXs — like Uniswap and Sushiswap — utilize the Ethereum blockchain and are part of the growing suite of decentralized finance (DeFi) tools, which make a huge range of financial services available directly from a compatible crypto wallet.

PRIVACY, ANONYMITY

Centralized exchanges have a detailed screening process, known as KYC, for traders. Unlike many financial institutions, it’s easier to onboard clients with DEXs as they are more relaxed with KYC procedures. In fact, everything from wallets to transactions is anonymous, which means total privacy.

LOWER TRANSACTION FEES

Decentralized Exchanges eliminate the need for intermediaries or middlemen, meaning transactions are cheaper. That said, most DEXs currently run on Ethereum, which leads to high gas fees at times.

However, blockchains are rapidly innovating solutions to ensure negligible fees for end-users. For example, a transaction worth $100,000 costs only a few dollars on Polygon Network.

REDUCED COUNTERPARTY RISK

Because smart contracts are automated, this can eliminate some of the counterparty transaction risk points. Blockchain technology allows smart contracts to work without the need to place your trust in any third party except the smart contract itself.

ACCESS TO TRADE ALL TOKENS!

One of the major reasons why you should look into investing in DEXs is that you can trade all altcoins and stablecoins on a DEX or a DApp. New projects are more likely to list on decentralized exchanges before doing the same on centralized exchanges.

The easiest and possibly one of the most cost-effective and profitable ways to generate a passive income is through yield aggregators. The benefits of yield aggregators and farming are straightforward. If you already hold a cryptocurrency investment long-term, you may as well look to increase the return you can get on those holdings, and staking provides a low-risk way to generate extra returns.

With companies such as Bolide.fi, you can start with any amount and invest in a vast range of staking and farming options while choosing a risk strategy that best suits your risk appetite. Even better, there’s no lock-up period, and you can get APYs of up to 30%!

Here are some of the benefits of investing with Bolide:

  • A one-stop investment product with access to leading protocols
  • Automated, stablecoin investing produces maximum yields
  • Low risk, market-leading yields of up to 30% APY
  • Earn an extra 20% staking your BLID tokens and enjoy 11% APY on farming
  • Start investing with any amount
  • Hands-off, automated investments using your stablecoins
  • No lock-up period, access your funds and profits instantly
  • No withdrawal limitations

Starting your yield farming and staking journey is easy with platforms like Bolide. Simply visit Bolide.fi, connect your crypto wallet, deposit either $USDT / $USDC / $DAI or $BUSD, and you’re good to go.

Start earning interest at the speed of light with Bolide today!

For more information on generating a passive income on your cryptocurrency investments, get in touch with us, today

https://www.bolide.fi