Clearpool, a distinguished decentralized finance credit score market, has made a big stride within the DeFi house with the launch of the T-Pool for Hex Belief’s newest stablecoin, USDX, on Flare. This new providing gives customers with a seamless alternative to earn USDX yield together with extra FLR rewards.
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The T-Pool comes with a number of enticing options:
Flexibility: Customers can stake and withdraw USDX at any time with out dealing with lock-up intervals or restrictions.
Maximized Returns: Along with incomes a 4% APY on USDX, customers additionally obtain further FLR rewards, enhancing their total yield.
The launch of the T-Pool aligns with Clearpool’s dedication to offering modern DeFi options that empower customers whereas guaranteeing a simple and user-friendly expertise. To help customers in navigating the intricacies of incomes USDX yield and further FLR rewards, Clearpool has ready a complete information.
USDX: Stability and Flexibility
USDX, developed by HT Digital Property, emerges as an important DeFi primitive on Flare, providing stability and adaptability. Sustaining a steadfast 1:1 ratio towards the U.S. greenback or equivalently valued belongings, USDX is backed by reserves primarily consisting of 1–3 month T-Payments securely held by regulated tier-1 monetary establishments.
cUSDX, akin to an LP (Liquidity Supplier) token prevalent in lots of DeFi protocols, represents a 1:1 worth of deposited USDX. When customers deposit USDX on Clearpool, they not solely earn yield on their USDX but in addition obtain extra rewards within the type of FLR tokens, guaranteeing an enhanced yield alternative.
FLR Rewards
Flare, a blockchain for knowledge, presents a novel ecosystem optimized for data-intensive use instances equivalent to AI and real-world asset tokenization. FLR, the native token of Flare, performs a pivotal position in supporting community safety via staking, decentralized knowledge provision, governance, and transaction charge funds.
Clearpool helps MetaMask and Pockets Join, offering customers with a well-known and seamless interface. Customers are suggested to make sure they’ve adequate FLR tokens to cowl transaction charges on the Flare community. FLR tokens might be acquired from centralized exchanges equivalent to Bybit or Gate and transferred to the FLR pockets.
Depositing USDX
Go to https://clearpool.finance/tpool and join your pockets.
Guarantee connectivity to the Flare community.
Within the My Portfolio part, click on Deposit.
Enter the specified quantity of USDX to stake and proceed with the deposit course of.
Claiming Rewards
Go to https://clearpool.finance/tpool and join your pockets.
Affirm connection to the Flare community.
Navigate to the Pool Rewards part and click on Declare Rewards to obtain accrued rewards.
Withdrawing USDX
Go to https://clearpool.finance/tpool and join your pockets.
Guarantee connection to the Flare community.
Click on Withdraw within the My Portfolio part.
Specify the quantity of USDX to unstake and provoke the withdrawal course of.
The launch of the T-Pool on Flare signifies Clearpool’s dedication to driving innovation in DeFi and empowering customers with enhanced yield alternatives.
