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Exotic Markets Launches Dual Currency Note on Solana Blockchain

Wed, 05/25/2022 - 15:08
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Vladislav Sopov
Exotic Markets, a novel Solana-based DeFi ecosystem, introduces dual-currency mechanism for sustainable rewards
Exotic Markets Launches Dual Currency Note on Solana Blockchain
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Exotic Markets, an ecosystem of decentralized finance solutions on Solana (SOL) blockchain, introduces a completely new asset type, Dual Currency Note or DCN. It is designed to protect Exotic Markets clients from Terra-style collapses.

Exotic Markets brings Dual Currency Note (DCN) to Solana

According to the official announcement shared by Exotic Markets on its social media platforms, its Dual Currency Note mechanism, or DCN, is finally live on Solana's mainnet.

This instrument allows DeFi enthusiasts to protect their portfolios even during periods of increased market volatility. When a user purchases a Dual Currency Note, he/she can get his/her upside in Bitcoin (BTC).

Holders of all currencies can invest directly in DCN: this unlocks more exciting opportunities for sustainable low-risk yield farming strategies.

As such, working with Dual Currency Notes looks attractive for traders with various strategies, including passionate long-term HODLers of cryptocurrencies.

Collaboration with Xcellerate highlights play-to-earn efforts of Exotic Markets

Unlike other yield farming solutions, the Dual Currency Note (DCN) mechanism does not require its clients to hold other cryptocurrencies, i.e., Solana (SOL) or USD Coin (USDC).

As per a statement by the Exotic Markets team, this is a next-generation mechanism as it unlocks opportunities for more sustainable and comfortable rewards generation:

Rewarding users with yield in the currency they already own is the next logical step in DeFi.

Besides the mainnet release of DCN, Exotic Markets scored a long-term partnership with Xcellerate. The two teams will launch common learn-to-earn initiatives.

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About the author

Blockchain Analyst & Writer with scientific background. 6+ years in IT-analytics, 3+ years in blockchain.

Worked in independent analysis as well as in start-ups (, Monoreto, Attic Lab etc.)