Meteorbet is the first-ever cryptocurrency sports betting platform which allows holders of meteorite place bets on major sporting events and stand a chance to win a set amount of meteorite token.Meteorite Finance is a "Hold-to-farm" Defi protocol that rewards every one of its holders with a percentage fee from every transaction made in its ecosystem. Meteorite finance, just launched its first product, Meteorbet.
Most DeFi platforms take the form of decentralized apps, known as dapps. These dapps use a series of smart contracts to automate financial transactions, making them faster, more efficient, and often more affordable than their centralized counterparts. Likewise, because dapps are governed by computer code, which is inherently neutral, there is no issue of bias.
A big asset of Meteorite Network is that it uses the "Hold-to-farm" Defi protocol. Broadly, Hold-to-farm is any effort to put crypto assets to work and generate the most returns possible on those assets. At the simplest level, a hold-to-farm farmer might move assets around within Compound, constantly chasing whichever pool is offering the best APY from week to week. This might mean moving into riskier pools from time to time, but a yield farmer can handle risk. “Farming opens up new price arbs [arbitrage] that can spill over to other protocols whose tokens are in the pool,” said Maya Zehavi, a blockchain consultant as these positions are tokenized, though, they can go further.
Because of liquidity mining. Liquidity mining supercharges yield farming. Liquidity mining is when a yield farmer gets a new token as well as the usual return (that’s the “mining” part) in exchange for the farmer’s liquidity. “The idea is that stimulating the usage of the platform increases the value of the token, thereby creating a positive usage loop to attract users,” said Richard Ma of smart-contract auditor Quantstamp. The yield farming examples above are only farming yields off the normal operations of different platforms. Supply liquidity to Compound or Uniswap and get a little cut of the business that runs over the protocols – very vanilla.
On the other hand, Meteorbet creates a bridge between sports and the Defi space to meet growing expectations and demand. Investors of Meteor will have the opportunity to stake Meteor on the METEORBET platform and stand to win a set amount of Meteor tokens as a reward. In order to expand reward and staking currencies supported on Meteorbet, the partnership will be made with other projects to bring board their tokens and community. METEORBET keeps adding more and more options we expect the traffic to continue to increase. It is looking towards more Crypto betting options, expanding into the eSports matches, and of course the NFL.
As Meteorbet has the built-in ‘Hold to Earn’ system Meteorbet needed to think of a way to also reward Liquidity providers. The solution for the liquidity problem is METEORBET has agreed that Liquidity providers will now earn 60% of all the fees generated from the meteorbet.org platform. This solution will allow us to focus 100% on bringing more traffic to the platform as the more traffic we generate, the more liquidity people will provide, the more fees people will earn.
Meteorite Network is a leading contributor to the crypto betting industry. Its "Hold-to-farm" Defi protocol also makes it unique and profitable in a large margin. Join Meteorite to be a part of the innovative future.
For More Information Click Links Bellow:
Web : https://meteorite.network
Whitepaper: https://download2262.mediafire.com/kdmff8jujlqg/rvlaa8mizjtjdlt/Meteorite+Network+Whitepaper+%282%29.pdf
Twitter:https://twitter.com/Meteorite_net
Telegram : https://t.me/Meteoritenetwork
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