Position Exchange: The Decentralized Crypto Platform of choice!
What is Position Exchange?
Position Exchange is a Decentralized Crypto platform with a complete Ecosystem aiming to bridge the gap between people and cryptocurrency and enhance DeFi experience. The protocol is fully owned & governed by its community and offers a wide range of DeFi products for all kinds of users in an open, transparent and trustless system where everything runs on-chain.
The platform is designed to deliver all the advantages of Decentralized Finance whilst bringing the traditional Centralized Finance experience and tools onboard. Users can Trade Crypto Derivatives, Generate passive income through farming and staking, Invest and borrow, Dive in the NFT world, Participate in Governance and Community activities in a True Decentralized system. Position Exchange with its large Ecosystem and long-term vision is aiming to be the Decentralized Crypto Platform of choice
Position Exchange is empowered by the POSI token, its native utility token serving as the backbone of its Ecosystem. Holders can benefit from multiple advantages and use POSI in other features developed by the Platform.
Position Exchange is a Decentralized Crypto platform aiming to bring different DeFi features under one big project with its goal to become The Decentralized Crypto Platform of choice. As we are focusing on Derivatives Products, Bonds are a great financial instrument that has a stable and predictable income stream and big market demand.
Looking at the current DeFi products and projects, there is an abundance of Lending Protocols providing Automatic Pools where lenders and borrowers interact. This design is efficient to ensure there is always liquidity available and funds to borrow. However, the return on investment remains very low.
Bonds follow a similar format but provide higher/stable return and are targeted for a bigger market. Users can go from individuals to organizations or companies. Bonds also have broader use-cases and purposes, they can be exchanged, used for governance, financing and much more. It is a highly useful financial instrument and integrating it in the Blockchain can be game breaking!
Position Exchange is introducing its first Derivative Product, the fully on-chain and stackable bonds. Users can purchase bonds and stake it in the Bond Pool with a stable and fixed APR for a determined duration and once the bonds reach maturity, the issuer will pay back the investment plus interest. The bonds will be backed by assets as collateral and will be locked in smart contracts. Payment to investors when bonds reach maturity will be ensured and guaranteed by Position Exchange.
They can also exchange bonds in the “Position Bond Exchange” and even issue their own. Individuals, companies, and projects can lock their assets (tokens, coins, NFT or even real estate) as collateral and issue Position Bonds to borrow the money from the investors.
Position Exchange is creating a complete feature, providing financial solutions to DeFi users and introducing bonds to blockchain.
Vaults are unique feature brought by Position Exchange allowing users to stake their tokens and generate rewards. By staking tokens into the vaults, users can save up time and network fees while always auto-compounding every 7hours. Imagine Buying POSI, getting LP tokens, staking LP tokens and compounding your earning all at once? Well, the vaults can do that for you in a single click.
What is NFT staking?
In a regular staking pool, users deposit tokens into a contract and are rewarded with the same or different token in the form of rewards.
An NFT staking pool is different and is a bit similar to the Farming Pools because as a user, you:
- Deposit POSI tokens into a contract.
- Get rewarded with NFT cards with different rarities and characteristics (The better your NFT is, the higher your mining power will be)
- Stake the NFT cards in the NFT Pool.
- Earn POSI.