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Phoenix, developed by Spectre Trading Limited, is a secure and user-friendly app that allows users to participate in decentralized currency trading as market makers, earning real-time yields in USDC. Addressing the trust issues and lack of reliable yield sources in the crypto sector, Phoenix simplifies liquidity mining and offers customizable risk-reward tiers. The platform also provides hedging solutions to minimize capital risk. Phoenix’s experienced team is committed to offering secure, transparent, and high-yielding investment solutions amid various market conditions, regulations, and impermanent loss risks.
Problems to Solve
The crypto sector’s trust issues have been exacerbated by a series of scandals, hacks, and frauds that have plagued the industry in recent years. These events have led to the collapse of some prominent stable coins, exchanges, and staking programs, leaving traders and investors with significant losses and eroding their confidence in the market. This lack of trust has created a strong demand for secure, transparent, and reliable sources of cash-yield that can protect investors’ capital and deliver consistent returns in an increasingly uncertain and volatile market.
Traditional yield programs have failed to meet these needs, as they often require investors to lock up their capital for extended periods and impose withdrawal restrictions that limit access to funds when needed most. Furthermore, these programs often struggle to deliver returns that outpace inflation, resulting in a gradual erosion of investors’ purchasing power over time. The brokerage industry has also been plagued by unethical practices, with some brokers manipulating spreads, enticing traders with excessive leverage, and engaging in other tactics to ensure the house wins, further contributing to the trust deficit in the sector.
In response to these challenges, a range of alternative yield solutions has emerged, promising double-digit returns through staking-based rewards or other innovative revenue-generating mechanisms. However, many of these solutions have proven to be unsustainable, relying on illiquid tokens that expose investors to significant capital loss risk or artificial sources of revenue that eventually dry up. As a result, investors have become increasingly skeptical of high-yielding investment opportunities in the crypto market, intensifying the search for more secure, transparent, and reliable sources of cash-yield that can deliver sustainable and attractive returns.
Introducing Phoenix: A Game-Changing Solution
Spectre Trading Limited presents Phoenix, a highly secure, downloadable app for PC and Mac that allows users to participate in the global trade of top decentralized currencies as market makers, earning real-time yields in USDC, the only properly audited stablecoin. Phoenix eliminates the complexities of liquidity mining by taking care of smart contracts, technical analysis, fundamental analysis, and risk management, enabling users to earn passively. Users can choose from three risk-reward tiers, generating between 10% and 50% USDC yield (APY). Over 2023, the team will also be releasing a mobile version of the app.
Phoenix offers three risk tiers—Ignite, Cruise, and Buffer—providing annual USDC cash yields ranging from 10% to 50%. Each of the three tiers represents capital installed across a range of dexes, where trade in top digital assets such as Ethereum and Bitcoin is taking place. While Buffer, the low risk tier, aims to beat inflation which is running at 6-8% per year, Cruise and Ignite aim to comfortably provide risk-adjusted returns that beat many asset classes. Users can withdraw capital and fees at any time, with a minimum investment of $1,000. Gearing levels and risk ratings vary across the tiers, catering to different investor preferences.
Despite Phoenix’s liquidity programs being non-leveraged, users can hedge capital risk using industrial-strength shorting solutions. The team employs a major, audited, and highly liquid decentralized derivatives protocol to allow investors to activate short positions, hedging against potential drops in the value of top cryptocurrencies.
Phoenix’s 20-member team, with backgrounds in JP Morgan, Goldman Sachs, and other leading financial institutions, consists of financial engineers, developers, marketers, testers, and experts in their respective fields. Their profiles can be viewed on the Hatchworks VC website.
Risk Factors: Market Conditions, Regulations, and Impermanent Loss
Investors should be aware of potential risk factors, including market conditions, regulations, and impermanent loss. While impermanent losses can be hedged, hedging is not a perfect solution and doesn’t make the product risk free. The economy remains vulnerable to global recessions, which could affect yields over time. Regulatory changes may impact dexes. Phoenix, however, remains committed to providing secure, transparent, and high-yielding solutions for investors in the ever-evolving crypto market.
