Loop finance, as the name suggests, is a digital finance management platform developed for Terra projects. However, the developers say that it is capable of handling more than Terra’s projects since it is already optimized for mass production.
It is currently divided into two parts: the non-custodial wallet and the AMM DEX. The latter is our interest today. The automated market maker (AMM) DEX is a tool with several functions such as offering liquidity, Terraswap, and many other functions.
Anyone interested in investing in Terra protocol should visit the Loop website to learn more about the DEX offer. It is easy to sign up and follow the guides to get the most from it.
So, what is it that makes DEX such a wonderful tool on the Loop finance platform? Read on to find out.
Trading
DEX makes it possible to investors to buy and sell stablecoins listed alongside the LUNA token on the Terra platform through Loop finance. It is a seamless process to exchange one coin for another at the best market rates.
However, it is worth noting that this does not come free. There is a fee that keeps both Terra projects and Loop Finance in business. The good thing is you get convenience, especially when using the non-custodial wallet as well.
To understand what you are trading, make use of the crypto calculator or price chart on the website. Whether you are new or not, DEX trading is very straightforward.
Staking and Yield Farming
You will earn for providing liquidity through the community DEX yield farming program. Your Terra LUNA could earn you a good cut of the trading fees on Terra. Again, you should understand how it works before you stake.
Fortunately, Loop and Terra protocols are very clear on how they work, the percentage you get for staking, and how you can withdraw your earnings. All you need to do is read more on their website to understand.
Withdraw Earnings
Again, DEX makes it possible to withdraw your earnings, which are paid regularly. Loop Finance has provided an integrated exchange so that investors can withdraw in several stablecoins or the native LUNA.
Since Loop has a non-custodial wallet option, you can directly deposit your earnings here to feel safe. But this does not mean that your account on Loop or Terra is not safe. You are only given options to choose from.
Mobile App Access
DEX can be accessed via Loop mobile app, which has all features we have mentioned above and more. So, you do not need to get access to a computer or visit the web to navigate and experience all of the benefits.
The good thing is that it is available for both Android and iOS users. So, no matter where you are, you can download the Loop finance app and enjoy the DEX tool.
Conclusion
From the above insights, you can see that DEX is a powerful tool that is about to change how people interact with Terra projects through the Loop finance platform. If it entices you, visit their website, sign up, and use DEX today.
Source: https://cryptoverze.com/dex-the-powerful-crypto-investment-tool-on-terras-loop-finance/
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