(1) Lenders (Liquidity Providers) to earn sustainable higher APYs
(2) Borrowers (Leverage Takers) to earn up to 10x yield of what yield-bearing stablecoins such as OUSD offer.
Liquidity Providers provide assets to Archimedes 3CRV/lvUSD pools and receive interest. The protocol pays interest in different assets, such as ARCH tokens and stablecoins. Most Curve pools depend on temporary bribes and uncertain gauge allocations for APY. But, Archimedes ARCH rewards have innate utility and a fixed supply.
Leverage Takers borrow from these pools to create leveraged positions on appreciating meta-vaults (like OUSD). Archimedes wrap each leveraged position with an NFT. User can trade these NFTs without the need to unwind the position.
How to Buy BTC on an Exchange
Step 1: Choose a Reputable Exchange Platform
Select a trusted platform from among many available options for purchasing BTC. Some reputable platforms include HTX、Bybit、Bitget, and others.
Step 2: Register an Account
Here, we'll register an account on theBybit(registration link) trading platform. You may need to provide personal information such as phone number and email to complete the registration process.
Step 3: Complete Identity Verification
For security purposes, some platforms may require you to complete identity verification. Follow the platform's instructions to provide necessary identity information (such as country/ID number) and undergo facial recognition. Once your identity is confirmed, you'll receive notification.
Step 4: Link Bank or Payment Method
Link your bank account or other payment methods to the exchange platform for making payments when purchasing BTC.
Step 5: Purchase BTC
Find the option to buy coins on the exchange platform, choose the C2C coin purchase process, and then input the quantity of BTC you wish to purchase. Typically, you'll choose to buy USDT first and select your preferred payment method. Simply place the order, make the payment to the seller, and you'll receive the cryptocurrency. Once payment is complete, you can use your exchange assets to buy BTC.
Step 6: Store Your BTC
After purchasing, you can choose to store your BTC in the digital wallet provided by the exchange platform or transfer it to a hardware wallet under your control.
Step 7: Security Reminder
To protect your exchange account and BTC assets, be sure to use a strong password and enable two-factor authentication.
BTC Price:Archimedes is an experimental lending and borrowing platform. We build it on top of AMMs such as Curve.The price fluctuates daily, You can go to the exchange: Bybit to check the price.
Recommended Similar Coins: JNB、IPX