MyTrade Alliance With iBee

Published on: 12.07.2022

MyTrade alliance with iBee Finance a yield optimizer that uses IL protection features and highly secure vaults to maximize yield farmers’ income.

iBeeFinance is Defi 2.0 (Next Generation Defi). They are revolutionizing the Defi industry. Not only are they the best single asset yield optimizer platform, but they are adding LP farming with IL(Impermanent loss) Protection. IL protection will help farmers keep their earnings and eliminate much of the risk to their principals.

iBee Finance offers single asset and LP vaults. Single asset vaults have no impermanent loss (IL) and LP vaults have an IL protection feature. This IL protection innovation is built on existing protocols (ie. Pancakeswap, Biswap, and Alpaca) in order to hedge risk and increase revenue. IL protection will benefit all the vaults on the platform with boosted yields.

MyTrade is a next-generation DEX that looks and feels like a centralized exchange with a wide variety of quality tradable assets. Takers will get the best price, and Makers enjoy 0% trading fees.

DEX with a Centralized Exchange User Experience

Trade directly from your crypto wallet. MyTrade doesn’t hold your funds when you trade: you have 100% ownership of your own assets. Unlike other decentralized exchanges (DEXs) like Uniswap or Sushiswap, MyTrade is not just a swap. It has a professional user interface and features just like top centralized exchanges like Binance. MyTrade users can enjoy price charts, and limit orders.

MyTrade Tokenomics

The MyTrade token (MYT) will be created on ETH, and a portion of the tokens will be transferred to Layer 2 (Polygon). MYT will also be cross-chained to other popular EVM-supported chains such as Moonbeam and BSC.