BitMart, a premier global digital asset trading platform, will list RADAR on April 22, 2022. For all BitMart users, the RADAR/USDT trading pair will be officially available for trading at 6:00 AM EDT.
What is RADAR?
Radar is the first ecosystem meant to boost DeFi liquidity and unlock never before possible investment opportunities. Users are empowered to leverage their current crypto assets, both interest and non-interest bearing, to get new capital in form of USDR or multiply their collateral and yield exponentially. The ecosystem enables you to expand your opportunities horizon in crypto and enhance your winning chances.
USDR, Radar’s stable coin can be borrowed at a 0% interest rate against collateral that produces you yield. Investors also have the chance to deposit one of the vaults supported assets such as: ETH, BTC, USDT, USDC, UST and many more.
The newly minted USDR tokens can then be used to increase your current investment position, minimize the risk by investing in another negatively correlated asset or diversify and seek higher ROI prospects.
The main features of the Radar Ecosystem
- The Radar stablecoin, USDR which is pegged 1:1 to USD and can be borrowed at a 0% interest rate against collateral that produces you yield. Radar accepts yield-bearing assets, or even underlying assets which are automatically converted in our UI to their yield-bearing equivalent for a better user experience.
- Participants can use the Multiply feature to increase their exposure to their favorite crypto asset and earn more yield plus higher profits if their position appreciates in value.
- The $RADAR token can be staked to earn over 10% APY and used to participate in the protocol’s governance on top of the fact that it can be used as collateral to get 0% interest loans. The token supply is capped at 85,000,000 which makes it a deflationary asset over time
- Radar has its own Bonds program called Contracts, that promotes POL (Protocol Owned Liquidity). This service includes other projects who want to take back control of their liquidity and responsibility for the upkeep of their future plans. Moreover, Radar Contracts can bring you up to 7000% APY through a sustainable price strategy activation.
- The Radar infrastructure is strengthened by additional characteristics which allow participants to move their cryptocurrencies cross-chain and explore thriving networks and new projects. Radar bridge and token are currently deployed on 7 blockchains, including ETH, Avalanche, Fantom, BSC and others. One of the most important elements towards mass adoption is building the connections among the most engaged networks and enabling anyone to have full spectrum access
- Radar will have its own farming programs for both $RADAR and USDR, plus a stabilizer feature where investors will be able to mint USDR directly with their traditional stablecoins instead of borrowing it. These two steps will offer great yield chances, attract more liquidity to back the entire ecosystem and also act as an arbitrage opportunity for RadarUSD.
About BitMart
BitMart Exchange is a premier global digital assets trading platform with over 5 million users worldwide and ranked among the top crypto exchanges on CoinMarketCap. BitMart currently offers 370+ trading pairs with one of the lowest trading fees in the market. To learn more about BitMart, visit their website, follow their Twitter, or join their Telegram for more updated news and promotions. Download BitMart App to trade anytime, anywhere.
About RADAR
Radar’s vision for the Crypto and Decentralized Finance spaces is to create an equal opportunity market where any individual can operate effortlessly across the major blockchain networks and have the best conditions of liquidity for their crypto assets. The innovative and original solutions delivered by the Radar Ecosystem will gift anyone the key for maximizing the value of their crypto holdings and discover the path towards all desired goals in a fraction of the conventional time.Any DeFi participant will have the chance to learn and then earn at an unmatched pace because of the access to boosted funds. To learn more about Radar, please visit their website, follow their Twitter and join their Telegram.
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