The Ascent of ReHold in the Multichain Realm
In the intricate, evolving ecosystem of decentralized finance (DeFi), ReHold has emerged not merely as a participant but as a trailblazer, with a determined quest to amplify passive revenue streams for ordinary users within the decentralized arena. Recognizing the critical need for efficacious and lucrative short trades, ReHold, through the adept utilization of CLMM mechanics, presents short trades that boast impressive annual yields. To genuinely magnify their services and expand their operational reach, forging a strategic alliance with SKALE, renowned as the globe’s swiftest blockchain, became imperative.
It’s no secret – DeFi protocols need zero gas fees to achieve mass adoption.
That’s why @rehold_io is bringing their dual investment platform to #SKALE! Users will be able to deposit and withdraw into the staking pools for FREE!
Learn more 👉 https://t.co/IM4BuHJhBM pic.twitter.com/jnfrLifONw
— SKALE (@SkaleNetwork) October 13, 2023
Since its inception in the initial months of 2023, ReHold, engineered meticulously for the requirements of retail, experienced, and expert traders, has witnessed staggering figures, eloquently resonating with its intended demographic. Commanding a total volume that surpasses 180M and reaching a remarkable total value locked (TVL) peak of 3M, ReHold consistently holds an average TVL of approximately 1M and has functioned flawlessly since April 2023.
Propelling Gas-Free DeFi Trading with SKALE
ReHold’s discerning choice to collaborate with the SKALE Network is deeply rooted in SKALE’s distinctive, innovative solutions. SKALE, offering top-tier scaling solutions like dApp-dedicated chains and zero gas fees for ultimate users, proves indispensable for DeFi platforms such as ReHold, where handling colossal data volumes and achieving swift transaction velocities are paramount.
The SKALE Network, defined as a decentralized blockchain-as-a-service for dApps, bolsters their scalability while staunchly maintaining security. By providing instant finality, null gas fees, and eliminating network congestion, SKALE guarantees that ReHold’s trajectory of expansion progresses seamlessly.
A principal team member from ReHold revealed perspectives on the collaboration, declaring, “Post the January 2023 inception of ReHold, we’ve stood as the sole Dual Investments on DeFi, supporting Top-7 EVM chains and ensuring the most seamless UX, fostering the surging demand and escalation in our transaction volume. The decision to align with SKALE was propelled by their velocity and capacity to uphold our exponential growth, given our need to store extensive on-chain data.”
As ReHold persists in reshaping the DeFi sector with its innovative solutions, SKALE’s backing is poised to be instrumental in propelling its voyage towards achieving elevated peaks.
Final Thoughts
In the fast-paced, constantly evolving world of decentralized finance, collaborations like the one between ReHold and SKALE signify a step towards more efficient, scalable, and user-friendly trading platforms in the DeFi landscape. ReHold’s prowess in facilitating high-yield short trades and SKALE’s expertise in providing scalable, gas-free blockchain solutions converge to sculpt a future where DeFi trading is not only profitable but also easily accessible and reliable for traders across the spectrum.
Sourced from cryptonews.net.
