EXMO Partners Euler to Boost Crypto Yield Opportunities
1min read EXMO, a trading platform with over a million verified users, has formed a strategic partnership with Euler, a modular lending protocol, to enhance yield opportunities for crypto traders. This collaboration aims to leverage Euler's secure and capital-efficient lending protocol to provide better returns on EXMO's wrapped Ethereum (wETH) holdings. By staking over 1,000 Ether (ETH) via Euler, EXMO intends to offer its users access to new DeFi products that potentially offer higher yields.
EXMO, established in 2014, facilitates swift and straightforward transactions for those looking to buy or sell digital assets on a spot market. With a daily trading volume of around $60 million and a team of 110 crypto professionals, EXMO is well-positioned to integrate DeFi solutions into its platform. Euler, on the other hand, is designed to adapt to a shifting DeFi environment by providing an accessible approach to financial opportunities. Its modular architecture and institutional-grade security empower builders to create customized lending markets, enabling them to tailor risk parameters and asset usage.
Through this partnership, EXMO users will be able to tap into new DeFi products that potentially offer higher yields. Euler's governance token, EUL, will be introduced to EXMO's community via the Simple Trade feature and a DeFi token bundle. This inclusion elevates Euler's profile within the centralized exchange environment, ensuring that a broader audience becomes familiar with its lending and borrowing services.
EXMO highlighted that the partnership's primary goal is to narrow the gap between centralized and decentralized finance while offering optimal yield opportunities. Commenting on this joint initiative, EXMO Global CEO Mike Blank stated, "At EXMO, we believe in bringing the best DeFi opportunities to our users while ensuring top-tier security and accessibility. Partnering with Euler allows us to enhance our Earn offerings while introducing more people to decentralized finance in a seamless way."
By joining forces with Euler, EXMO continues its long-term strategy of incorporating reliable, audited DeFi protocols. Euler's strong security track record and competitive rates align with EXMO's vision of creating straightforward ways for users to benefit from DeFi. Through this collaboration, EXMO remains committed to building an ecosystem where individuals can explore DeFi with confidence, assured that each step has been designed with efficiency and safety in mind. Such collaborations can pave the way to broader participation in DeFi, opening new possibilities for a more inclusive 