Valr, the largest Crypto Exchange in Africa after the volume of transactions, today announced the launch of Defi Lending, allowing customers to access the Yield opportunities in decentralized finances (Defi) directly through the VALR platform. Power by AAVE, one of the largest liquidity protocols in the world, renowned for transparency, security and user control, Defi Lending from Valr allows customers to borrow folk cryptocurrencies – including USDC, USDT and ETH – to gain an hourly rewards from the blockchain protocols. With this new offer, Valr continues to simplify access to sophisticated products by Crypto, eliminating technical barriers that often prevent a wider adoption. Users can effortlessly manage loan positions – it is unlocking funds, adds to positions or view detailed interest stories. The funds borrowed by Defi Lending within Valr are slightly unlocked, with liquidity usually instantly or within a day. Currently available through the Valr website, the function will soon be extended to the Valr mobile application, thus ensuring greater accessibility for all customers. Defi Lending A Valr completes the existing suite of the yield products of the platform, including Crypto loans and staking, further strengthening its position as the leader of the comprehensive crypto platform in Africa. The company continues to actively explore additional protocols and assets to expand their Yield products offers.
About Valr
Valr offers a comprehensive range of Crypto products and services, including Spot Trading, Spot Margin, Futures, Staking, Lending, a high frequency traders, subcontas with governance features, OTC Trading, Simple Buy/Sell and Valr Pay. Founded in 2018, Valr is the largest Cryptocurrency exchange in Africa after the volume of transactions, serving over 1,300 corporate and institutional customers and over 1.3 million users globally. With headquarters in Johannesburg, Valr is licensed by FSCA in South Africa, with regulatory approvals in Europe and an initial approval from the summer in Dubai. Valr obtained $ 55 million in capital financing from top investors, including Pantera Capital, Coinbase Ventures, GSR and F-Prime, affiliated with Fidality Investments. To discover more about Valr and its offers, visit www.valr.com or log in on x and Instagram @Valrdotcom. Contact
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