Exotic Markets Brings DCN To Solana Following Successful Test

Summary:
• Exotic Markets has rolled out Dual Currency Note product on Solana. How is this likely to impact its performance in the DeFi sector?

Exotic Markets, the DeFi protocol built on Solana, has introduced the Dual Currency Note (DCN) on the Solana blockchain. The decision came after exhaustive testing on the devnet network, which included more than 140,000 wallets. That’s evidence that people were eager to learn about the Dual Currency Note’s possibilities. Those who believe in the long-term potential of cryptocurrencies will find great value in taking positions in DCN uptrend. Long-term investors get rewards regardless of the asset they hold in their portfolio if they keep their eyes on the prize.

DCN and what it brings to Exotic Markets

In contrast to other alternatives, DCN does not need users to deposit SOL or USDC into small-cap currencies or vaults in order to conduct transactions. Instead, the platform makes use of an unconventional operating mechanism. Furthermore, DCN works to produce a long-term return on investment. However, token supply is inflated for other offerings because the created asset is not in high demand. As a result, the DCN product performs well in both bear and bull markets. It enables holders of crypto assets to invest in DCN upside using their favorite asset as the basis. A holder of Solana, for example, can invest in a Dual Currency Note and earn any profits in Bitcoin.

Because of Exotic Markets’ transparency with DCN, users are aware of the underlying dangers and how to mitigate them. The fact that consumers keep complete control over their assets and yields is another way HODLers enjoy greater power. Those who believe in the long-term potential of cryptocurrencies will find great value in taking a position in the DCN uptrend.

The ultimate objective of Exotic Markets is to democratize yield for all investors. The company enjoys the backing of some of the most prominent investors currently active in the blockchain industry. Current offerings include worst-of options, accumulators, and autocallables. With Xcellerate’s collaboration on instructional content and referral programs, the ecosystem will soon give its users an opportunity to study and earn at the same time.