Bitrue Introduces New Passive Income Options, APY on XLM, XRP Spikes Up to 25%
Centralized Cryptocurrency Ecosystem Bitrue Expands Its Yield Programs With Breathtaking APR Rates For Major Cryptos
Bitrue, a multi-product ecosystem of cryptocurrency products, shares the details of the latest updates to its governance and passive income modules.
Bitrue Introduces BTR Vote and Novel Farming Hub
According to the official announcement by the team of Bitrue, its customers can support the offer of this or that coin and qualify for limited wagering options. The mechanism is called BTR Vote and is designed to facilitate the governance processes on Bitrue (BTR).
Image by Bittrue
Once the coin supported by BTR holders is approved for listing, all holders who have supported the successful campaign will be able to participate in a seven-day limited wagering program. The more BTR pledged as support, the more coins will be distributed as a reward. As a result, participants in these limited programs can enjoy an unparalleled APR of up to 80%.
The new yield farming hub went live six weeks ago: Bitrue introduced dozens of new cryptocurrencies and launched a series of associated staking pools. An assortment of coins can compete with those of DeFi protocols, while the associated risks are much lower.
The yield farming hub offers an average APY of 60%. Recently, as one of the most prominent supporters of XRP, Bitrue has introduced 25% APY on this coin. The same rates are being implemented for another cryptocurrency veteran, Stellar Lumens (XLM).
Power Piggy offers passive income options for every crypto holder
On revenue farming hubs, all rewards are calculated and distributed in BTR, a core asset of Bitrue exchange. BTR itself is accepted as one of the core assets of Power Piggy, a one-for-all passive income ecosystem from Bitrue.
At the same time, Power Piggy has an even more understandable and secure passive income option. It accepts two major stablecoins – US Dollar Tether (USDT) from Tether Limited and USD Coin (USDC) from Circle – for its savings account program.
All investors in Bitrue’s USDT and USDC programs can enjoy daily interest payments of 8.4% on an annual basis.
As previously discussed by U.Today, with the launch of Bitrue’s revenue hub, the team is going to re-introduce BTR as the world’s first “return token”.