Rhea Finance: ZcashFi is now live, allowing ZEC holders to participate in lending and earn corresponding annualized returns.
According to Odaily, Rhea Finance announced on the X platform that ZcashFi, launched by RHEA, is now live. The native Zcash community, zashi_app users, and ZEC holders can now participate in lending and trading:
In terms of lending, users can access multi-chain yield opportunities; by supplying ZEC natively on Zcash, they can earn up to 2% annual percentage yield (APY); on any chain supported by RHEA, users can borrow stablecoins or other assets with a maximum loan-to-value (LTV) ratio of 60%; cross-chain yield earning is available without the need for bridging.
For trading, users can use the zashi app or any other supported wallet to participate directly on the official platform. This trading feature will go live within 24 hours.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Data: 10.45 million MOVE tokens transferred out from Movement Network, valued at approximately $3.44 million
glassnode: Bitcoin options 25D skew turns positive, market remains cautious of downside risk
