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DeFi Protocol Voltz Could Bring 150% Interest Rate on Ether Deposits

CoinDesk LogoCoinDesk1w ago

DeFi Protocol Voltz Could Bring 150% Interest Rate on Ether Deposits

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As the Ethereum blockchain's Merge approaches, traders and venues are seeing the event as an opportunity to pocket fat yields – possibly signaling a renewed appetite for risk in crypto just months after its big market crash.

With memories still fresh from this year's crypto market crash, the Voltz protocol is already looking for ways to let traders use leverage to take more risk.

However, yet another option has silently emerged, whereby traders can earn a 150% annual percentage yield (APY) by taking a levered bet on an expected jump in staking yields through the Voltz protocol.


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Article Details

Author / Journalist: Omkar Godbole

Category: Crypto

Topics: Markets Investing Ether The Merge Trading DeFi Automated Market Makers Decentralized Finance Ethereum

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-08-05, 17:47:39

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Reading Time: 6 minutes read

Article Length: 910 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 115443

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Main Topics: Crypto

Official Website: coindesk.com

Update Frequency: 23 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 1d ago

Coverage Areas: United States

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Publication Timezone: GMT -5:00

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