Earn Cashback Rewards with Stablecoins on Request Finance & Fluidity
• Fluidity Money, a spend-to-earn decentralized finance (DeFi) protocol, has launched a cashback program with Request Finance, an enterprise crypto payments app.
• The cashback rewards are currently paid out in stablecoins but could be expanded to offer other loyalty programs in the future.
• The cashback rewards are generated by depositing stablecoins into the Fluidity Web app and then lending them to other DeFi protocols for a yield used to finance the rewards.
Fluidity Protocol Launches Cashback Program
Fluidity Money, a spend-to-earn decentralized finance (DeFi) protocol, has launched a cashback program with Request Finance. This allows businesses to reward customers who pay in crypto and merchants to earn cashback rewards when they accept crypto payments. Each time a payment is made in the app, both the sender and recipient can earn stablecoins randomly distributed into their wallets after each payment.
Rewards Paid Out In Stablecoins
The cashback rewards are currently paid out in stablecoins such as USDC and USDT. However, Fluidity Money plans to expand its offering to include other loyalty programs which could see other types of rewards disbursed such as non-fungible tokens (NFTs). These NFTs may represent tickets or token-gated experiences, merchant credits like air miles, digital collectibles etc.
Wrapping Stablecoins To Generate Cashbacks
Wrapping the stablecoins via Fluidity Money is key to generating cashback rewards. To mint a Fluidity stablecoin an equivalent amount of that particular stablecoin must be deposited into a smart contract which is then lent to other DeFi protocols such as Compound.. Eighty percent of the yield generated from this transaction is used towards financing the cash back rewards. As more people use Fluidity Money’s wrapped stablecoins, larger payouts will be given out accordingly.
Benefits For Merchants & Consumers
This novel way of financing offers several benefits for both merchants & consumers alike; it does not impose high fees on merchants or high interest rates on consumers while still delivering rewarding outcomes for those using Request Finance’s services via their app or web interface efficiently and securely.
In conclusion this partnership between Fluidity Money & Request Finance enables users & merchants not only access secure payments but also reap financial benefits by doing so! With its expanding offerings it looks set to become one of the most popular ways of making payments in cryptocurrency – providing excellent value for money wherever you choose to make your purchase!