CryptoLocally Partners With Idle To Provide Maximum Yield To Users

At CryptoLocally, we strive to provide our users with the best opportunities and most appealing rates. Our mission is to empower all people with the tools to take control of their financial future. This mission is made possible by our dedication to constantly improving our platform through research, partnerships, and regular communication with the CryptoLocally (GIV) community. That is why we’ve taken another step into DeFi space with our Finance wallet V2 we have been working hard to develop version 2 (V2) of the Finance Wallet, which will offer a better user-experience by providing risk customization tools along with a more sophisticated algorithm behind the scenes.

To upgrade the Finance Wallet, we partnered with Idle, and through this partnership, Finance Wallet V2 is now powered by Compound, Aave, Maker, and dY/dX. Idle’s technology allows users to maximize returns across DeFi protocols, enabling them to earn the best possible yield, without having to find it themselves. This greatly simplifies the process of yield farming while also allowing users to optimize their risk exposure. With Idle, Finance Wallet V2 also allows users to build their portfolio with different allocation strategies so that while earning, they stay within their risk comfort zone.

Searching for better yield has become increasingly complex. It can take hours of research to find great rates. By automating this process, Idle and CryptoLocally have made yield farming accessible for anyone. Finance wallet V2 has the potential to draw the interest of users who have yet to enter the crypto market, thereby accelerating the mass adoption of cryptocurrencies.

At CryptoLocally, we are excited to work together with other teams in the DeFi space to provide a way for anyone to gain access to financial services and build a better financial future for themselves.

What is CryptoLocally?

CryptoLocally is a non-custodial P2P cryptocurrency trading platform with a smart contract escrow that provides additional security to users. Our smart contract escrow eliminates third party involvement in trades, providing a true decentralized trading experience. For each trade completed on the platform, users earn GIV, CryptoLocally’s native token.

Our DeFi feature, the Finance Wallet, allows users to earn staking rewards on ETH, DAI, USDC, USDT, UNI, and GIV.

As the first P2P crypto marketplace to integrate a DeFi feature, we are leading efforts to create a decentralized financial future that is inclusive and easily accessible to anyone. The partnership with Idle has been developed to help further those efforts by bringing the next version of the Finance Wallet to the market.

What is Idle?

Idle is a cryptocurrency yield farming platform that allows users to maximize returns and optimize risk exposure across DeFi protocols. Users first determine a portfolio strategy. Idle keeps the appropriate allocation mix depending on the strategy set by each user. Idle makes it easy for users to monitor the performance of their funds and provides them with an easy way to see their estimated earnings.

The company was founded on the principle that money should never sit still, and the platform was designed to allow users to relax and watch the staking rewards on their funds grow. Idle is non-custodial and uses smart contracts to allow users to remain in control of their funds at all times. Idle has been audited by Quantstamp.