DeFi collaboration seeks to enhance returns for spot market traders

A new partnership expands yield opportunities and improves access to decentralized lending.

A new partnership between EXMO, a trading platform with over a million verified users, and Euler, a modular lending protocol, aims to enhance yield opportunities for crypto traders.

With growing interest in decentralized finance (DeFi), major industry players are forming alliances to expand their offerings. The collaboration between EXMO and Euler seeks to improve access to DeFi lending and boost yield potential for users.

Founded in 2014, EXMO facilitates spot market trading with a daily volume of around $60 million. Euler, a flexible lending and borrowing platform, provides modular solutions for DeFi, enabling customized lending markets with strong security measures.

Strengthening DeFi Yield Opportunities

Through this partnership, EXMO will stake over 1,000 Ether (ETH) via Euler’s capital-efficient lending protocol to optimize returns on its wrapped Ethereum (wETH) holdings. Additionally, EXMO will introduce Euler’s governance token, EUL, via its Simple Trade feature and a DeFi token bundle.

The collaboration allows EXMO users to access new DeFi products with potentially higher yields, while Euler benefits from increased exposure by having its token integrated into EXMO’s ecosystem.

Bridging Centralized and Decentralized Finance

EXMO aims to connect centralized and decentralized finance (CeFi and DeFi) while providing users with secure and accessible yield opportunities. EXMO Global CEO Mike Blank emphasized the company’s commitment to integrating reliable DeFi solutions, stating that the partnership with Euler enhances their Earn offerings while introducing more users to DeFi.

By incorporating audited DeFi protocols like Euler, EXMO continues its strategy of expanding secure, user-friendly access to decentralized finance.

By partnering with Euler, EXMO reinforces its commitment to creating a secure and efficient ecosystem where users can confidently engage with DeFi. This collaboration aims to encourage wider participation in decentralized finance, fostering new opportunities for a more inclusive and resilient financial landscape.