Press Release {/netabare}
With the collapse of Silicon Valley Bank, Signature Bank, Silvergate Bank, and Credit Suisse adding to the instability of the traditional banking system, more individuals are turning to decentralized finance (DeFi) as a safe and attractive alternative. Vers Dex , Bitcoin.com’s decentralized exchange has enjoyed a surge in Total Value Locked (TVL) as a result, and is recognized and thriving as a trusted haven from the woes of traditional banks.
In recent weeks, Verse DEX has seen TVL increase by nearly 300%, surpassing the $15 million mark. This fantastic growth has boosted Bitcoin.com’s decentralized exchange ranked 13th in ethereum and 66th overall in DEX. To further enhance its offerings, Bitcoin.com has launched VERSE Staking, which rewards anyone who deposits VERSE tokens on the Verse DEX where .
Dennis Jarvis, CEO of Bitcoin.com, emphasizes the significance of the Verse DEX in the pursuit of economic freedom: “AtBitcoin.com, our mission is to create economic freedom in the world. the Verse DEX is an integral part of that mission and is a financial decentralized trading platform that promotes empowerment and independence for individuals, and Verse DEX’s significant growth in the TVL rankings is a testament to the growing appeal of decentralized finance as an alternative to the increasingly volatile traditional banking sector. The Bitcoin.com ecosystem, including the VERSE token, plays an important role in promoting economic freedom and expanding access to financial opportunities in these uncertain times.”
Jarvis suggested that higher yields and other perks may soon be offered to VERSE stakeholders.” The long-term staking structure is still under development, but will likely include incentives for early stakers. In addition, longer stakers and those who perform certain actions will get boosters, creating additional value for users and the ecosystem.”
How does VERSE fit into bitcoin.com ecosystem
Launched in December 2022, the VERSE token is designed to incentivize users to advance their crypto journey. Unlocking rewards along the hierarchy serves as a way to pay for VERSE encourages users to engage with and reward the decentralized financial world by granting access to the Bitcoin.com ecosystem and platform services beyond. Currently, VERSE rewards are offered to early adopters through farming at the Verse DEX and newly introduced staking opportunities.
Since its launch, Bitcoin.com Verse has secured over 75 partnerships, integrations and collaborations.