News27 September 2021

BitWell To Launch On-Chain Options in the wake of a New Decentralization Journey

BitWell To Launch On-Chain Options

Summary

  • BitWell has announced its plan to launch on-chain trading options
  • The on-chain options will offer comprehensive products
  • BitWell was the first in its space to launch decentralized finance options
  • BitWell hopes to keep up with the ever-growing DeFi space

BitWell has announced its plan to launch on-chain trading options as it embarks on a decentralization journey. According to BitWell, the on-chain options will offer their clients comprehensive products and an improved trading experience.

BitWell was the first in its space to launch decentralized finance options. This lowered the DeFi participations threshold, which made the project a favorite for BitWell users. The continuous developments in the DeFi space and improvements made3 on layer-2 platforms have made decentralized options popular in the digital assets space.

Through this unveiling, BitWell hopes to keep up with the ever growing DeFi space and open up to the development of decentralized products. As the first project, BitWell plans to use trade options to break through as they aim to target decentralized finance and make it available for their users.

BitWell’s venture into on-chain options includes the adoption of a point-to-pool model that will be used to concentrate liquidity into collateralized pools. All liquidity provider will earn their share of the profits on a share basis to ensure every investor benefits.

BitWell plans to expand and offer more DeFi products, including synthetic asset derivatives and asset pool.

Kibet Elikana
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