RioDeFi
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RioDeFi

The RioDeFi-PlasmaSwap USDT/RFUEL : A New Liquidity Pool to Trade

DEXs have emerged in 2020 as new trading platforms. They provide more privacy and security than CEX, their centralised peers. They are particularly appealing for traders investing in DeFi’s projects. Uniswap, the most popular of them, allows traders to swap ETH to ERC-20 tokens, bringing liquidity to some of the most advanced protocols. But new DEX aggregators are entering the market with unbeatable prices and exciting features. Among them, PlasmaSwap, one of the latest innovations in this sector.

To celebrate the launch of this new platform, PlasmaSwap is setting up new liquidity pools with a selection of strategic DeFi partners. RioDeFi is one of them. It was chosen for its unique positioning, long term mission and sustainable properties of making DeFi accessible for all.

The RioDeFi PlasmaSwap Liquidity Pool in brief

A DEX Accessible to all

It’s true that DeFi can intimidate newbies or even crypto lovers with a buy and hold approach. Another reason which motivated RioDeFi to partner with Plasma.Finance is the way it facilitates on and off ramp services, making it appealing to both newbies and experienced traders.

Plasma.Finance does not require its users to open an account. They can connect directly via their Coinbase Wallet, Trust Wallet, Metamask and Ledger. And for those who do not have any wallet, Plasma.Finance also accepts payments in Visa, Mastercard, SEPA and SWIFT. An instantaneous and easy onboarding process designed to allow anyone to take advantage of the crypto market.

More than just a DEX

Soon, traders will be exposed to new features on PlasmaSwap that will allow them to:

  • save more on gas fees and maximize profits because PlasmaSwap has developed a decentralised order book which uses smart contracts to interact with Ethereum 2.0;
  • trade on swap without an ETH balance;
  • tap deep into liquidity due to the implementation of the platform’s limit trades;

‘’PlasmaSwap answers the needs of RioDeFi’s traders by offering a decentralized way to trade between RFUEL and USDT while still gaining the benefits of an order book, and it provides liquidity providers with an attractive way to earn trading fees.’’ says James Anderson, CEO of RioDeFi.

‘’RioDeFi shares the same value as Plasma.Finance which is to develop solutions to make financial services more efficient and accessible to all’’, adds Ilia Maksimenka, CEO of Plasma.Finance.

Plasma Finance has already secured a number of partners in the DeFi space, including MANTRA DAO, Bondly, NEM, Orion Protocol and Bridge Mutual. RioDeFi is the logical add-on to its list.

About Plasma.Finance

PlasmaPay is a global digital payment platform enabling seamless entry into decentralized finance. PlasmaPay provides industry-leading UX, crypto/fiat wallets, and fiat on/off ramp services. Plasma.Finance is PlasmaPay’s DeFi dashboard which aggregates the most popular DeFi protocols from different blockchains. It helps users make informed DeFi decisions and optimize portfolio management with the industry’s most robust analytics and tools in just a few clicks.

Plasma Wallet | Plasma.Finance DeFi | Telegram | Twitter | Reddit | Github

About RioDeFi

RioDeFi accelerates the mass adoption of digital assets by bridging traditional and decentralized finance. Our vision is a world in which everyone has access to decentralized financial (DeFi) services. We develop solutions that connect banking institutions with blockchain systems. Our applications enable lower transaction fees, faster confirmations, more efficiency, better returns for savings account holders, and global reach.

Telegram | Twitter | Website | Medium

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