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Thrupenny Launches Staking Functionality to Democratize Finance

Published Feb 27, 2023 06:43AM ET Updated Feb 27, 2023 07:00AM ET
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© Reuters. Thrupenny Launches Staking Functionality to Democratize Finance

  • Thrupenny announced the launch of its long-awaited staking functionality.
  • “We are thrilled to bring staking to our users and continue our mission to democratize finance,” says the CEO of Thrupenny.
  • Thrupenny’s decentralized ecosystem offers lending, borrowing, and earning interest on assets.

In the context where staking has taken center stage, Thrupenny, a decentralized financial ecosystem announced the launch of its staking functionality. The addition of this new feature will facilitate the users with a secure and user-friendly way to earn rewards for participating in the platform’s governance and supporting the growth of the ecosystem.

Elaborating more about this new feature, the CEO of Thrupenny, Alvis Leong, stated:

We are thrilled to bring staking to our users and continue our mission to democratize finance. This new functionality is an important step in our journey to empower individuals and communities to take control of their own financial futures and we look forward to continuing to serve our users and grow our community.

Additionally, Thrupenny’s platform provides users with secure storage, trading, and management of digital assets, as well as access to a range of DeFi services. These services include lending and borrowing, allowing users to earn interest on their assets and access liquidity when they need it.

As an entity built on the ethos that financial freedom should not be limited to a selected few, Thrupenny states that it is on a mission to offer a broad range of financial services that meet the needs of a wide-ranging user base, from web2 to web3, and from retail investors to institutional players.

According to reports, Thrupenny’s decentralized financial ecosystem is built on the principles of transparency, security, and accessibility, and is designed to cater to the needs of a diverse user base.

With the addition of its staking functionality, Thrupenny aims to play a pivotal role in the decentralized financial market. Moreover, the company prioritizes empowering individuals and communities to manage their financial futures, and the launch of staking is considered substantial progress toward achieving that objective.

Meanwhile, the Thrupenny token (TPY) is priced at $0.518514 according to CoinMarketCap. When considering the past seven days, TPY resided in the red zone for four days before the bulls pushed the token to the green zone. Currently, TPY is moving laterally with few vertical movements.

The post Thrupenny Launches Staking Functionality to Democratize Finance appeared first on Coin Edition.

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Thrupenny Launches Staking Functionality to Democratize Finance
 

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