USDB will be the underlying asset utilized in their first six piles, going live in order once per week after Takepile’s launch: The USDB Pile, USDB-10x Pile, USDB-25x Pile, USDB-50x Pile, USDB-100x Pile and the USDB-200x Pile. To trade on each pile, you’ll convert your USDB into pileUSDB (or pileUSDB-50 when depositing into the USDB-50x Pile, for example), and then you’re ready to trade. And now announcing TakePile partnership with Balance Capital.

Balance has proven themselves as a shining example of what it means to be a passionate, dedicated team of builders, regardless of market conditions, who want to make a positive impact on the DeFi space, making them kindred spirits to them. Balance and Takepile’s collaborative effort to solidify Takepile as a leading decentralized perpetual exchange will bring both of their projects to the next level.

Stable Staking

The moment you’ve all been waiting for: stablecoin yield. If staking is more your speed, you can stake your pileUSDB (or pileUSDB-10, pileUSDB-25, etc.) in one of their single-stake pools to earn and claim TAKE every 7 days, and enjoy passive returns with yield competitive to a stablecoin yield vault.

When you go to stake your pileTokens, you’ll have several options:

• 365 day lock: 30% APR
• 180 day lock: 20% APR
• 30 day lock: 10% APR
• No-lock: 2.5% APR

These single-stake pools will be live for each variation of pileUSDB.

TAKE/USDB LP Vaults

Upon the launch of Takepile and the TAKE token, TAKE will be paired with USDB. If you’d like to contribute to the TAKE/USDB liquidity, you can stake your LP tokens in their vault, choosing your lockup time and earning TAKE passively. Simply select your lockup time from no-lock to 6 months and earn boosted rewards for longer periods of time.

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ABOUT BALANCE CAPITAL

The Balance Ecosystem is an open-source economy of conjoined banking and commerce initiatives formed in March of 2022 with the unveiling of investment opportunities derived solely from the technical application, maintenance, and consumer use of USDB.

Website | Twitter

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ABOUT TAKEPILE

Takepile is building a simplified, leveled playing field that makes sure trading well is what’s most important. Say goodbye to battling sandwich attacks, exorbitant fees, and slippage. Say hello to fee share, 1x to 200x leverage, competition and more!

Website | Twitter

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SOURCE

MEDIUM

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