Phoenic Leveller platform introduces leveraged liquidity trading, enhancing flexibility and return potential for DeFi traders.
Miracle Cash & More, a pioneer in decentralised finance (DeFi) solutions, has launched its new liquidity pool, Phoenic Leveller, on the Avalanche blockchain. This innovative platform is the first of its kind to offer leveraged liquidity trading, providing traders with more flexibility and the potential for higher financial returns.
Leveraging Liquidity for Larger Trades
Phoenic Leveller allows traders to leverage their liquidity positions, enabling them to borrow larger amounts and engage in more dynamic trading strategies. This capability sets Phoenic Leveller apart from traditional liquidity pools, which typically restrict users to simple liquidity provision. By leveraging their liquidity, traders can unlock higher returns and diversify their strategies.
Built on the Avalanche blockchain, Phoenic Leveller benefits from the network’s scalability, low fees, and fast transaction times. This ensures a seamless trading experience, whether users are new to DeFi or experienced traders.
Combining Avalanche’s Technology with Leverage
“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.”
The launch of Phoenic Leveller coincides with Miracle Cash & More’s strategic partnership with Ingenico, a global leader in POS systems, reinforcing the company’s commitment to driving financial technology innovation.
Phoenic Leveller: Benefits for Users
Phoenic Leveller’s leveraged liquidity feature allows traders to access more capital than they contribute, increasing their potential returns. This added flexibility also improves risk management and capital efficiency. Miracle Cash & More’s platform is designed to cater to both novice and expert traders, with low fees and quick transaction settlement ensuring an efficient experience.
Smart Contracts for Transparency and Security
Phoenic Leveller utilises smart contracts to automate transactions, providing transparency and security for users. This gives traders peace of mind, knowing their assets and positions are protected within the blockchain.
Phoenic Leveller is part of Miracle Cash & More’s broader strategy to expand its DeFi offerings. By integrating advanced trading features, the company aims to lead innovation in the decentralised finance space, providing users with greater control over their financial assets.
The Phoenic Token is integral to this ecosystem, and Miracle Cash & More’s strategic buy-back plan helps stabilise the token’s market value. Users can also trade Phoenic Tokens for other cryptocurrencies, further enhancing liquidity within the ecosystem.
