How Does Aqua Protocol Work In Making Profits?

Bittime - Aqua Protocol is here to simplify the process of using your TONCOIN or Liquid Staking Token (LST) to borrow AquaUSD, a stablecoin that can be used in various DeFi activities. Here is a detailed breakdown of how Aqua Protocol works:

1. Deposit Your Assets

Use TONCOIN or LST as Collateral: The first step is to deposit your TONCOIN or LST, such as stTon, tsTon, hTon, or wlTon, into the Aqua Protocol. This deposit serves as collateral to borrow AquaUSD.

2. Borrow AquaUSD

Get Stablecoin with Credit: Based on the collateral you deposit, you can borrow AquaUSD. The protocol allows you to borrow up to 50% of your collateral value, while maintaining a minimum collateralization ratio of 200%. This high collateralization ensures the security of the protocol even if the price of the underlying cryptocurrency fluctuates.

3. Leverage AquaUSD in DeFi

Engage in Various DeFi Activities: Once you have AquaUSD, you can use it for various purposes. This includes exchanging it for other coins or stablecoins, trading, hedging risk, providing liquidity, buying NFTs, and more. 

Additionally, you can re-deposit AquaUSD into Aqua Protocol to increase your leverage, potentially increasing profits from liquid staking and profiting from rising Toncoin prices.

4. Pay Off and Take Back Your Collateral

Get Your Assets Back: To reclaim your collateral, repay the borrowed AquaUSD. Once repayment is complete, your collateral will be released and available for withdrawal.

Benefits of Using Aqua Protocol

Aqua Protocol offers a flexible and easy way to leverage your TONCOIN or LST, allowing you to actively participate in the DeFi space while still having the potential to profit from your staked assets.

 By providing a decentralized and secure method to borrow and use stablecoins, Aqua Protocol enhances the overall DeFi experience on the TON blockchain.

How To Buy Crypto With Bittime

You can buy and sell crypto assets easily and safely through Bittime. Bittime is one of the best crypto applications in Indonesia that has been officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Monitor the price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.