Got your eye on the DeFi space but not too keen on fees eating into your crypto? Well, ShapeShift's latest update is something you'll want to hear about. ShapeShift and THORChain decided to cut out affiliate fees for anyone putting up less than $2,000 in liquidity on any liquidity pool. This is pretty great news for folks who want to get involved without worrying about those extra costs.
No More Fees? You Bet!
ShapeShift is stepping up to make DeFi more accessible by cutting out one of the big hurdles for smaller investors: affiliate fees. Now, when you throw your investment into a THORChain liquidity pool through ShapeShift and it’s under $2,000, those fees won't bug you anymore. This is a solid move for anyone who’s been hesitating to start liquidity providing because they didn’t want to lose a chunk of their investment to fees. Now, what you invest is what goes into the pool, potentially giving you better returns.
Dropping fees for the under-$2K crowd isn’t just good for individuals; it’s a plus for the DeFi community as a whole. It means more people can join in, which boosts liquidity and helps the whole ecosystem run smoother.
Why ShapeShift’s a Great Place to Start
ShapeShift isn’t just about ditching fees. It’s known for being super user-friendly and supporting a bunch of different assets. Thanks to its partnership with THORChain, ShapeShift lets you easily hop into cross-chain swaps, which is a pretty handy feature if you’re looking to mix up your assets.
If the DeFi world has caught your eye but you’re not ready to go all-in just yet, ShapeShift’s new no-fee policy for smaller investments is kind of a big deal. It’s basically giving you the green light to try out liquidity providing without sweating the small stuff, like fees on investments under two grand. Whether you’ve been saving up some crypto or thinking about diving into DeFi for the first time, now’s a great time to check out THORChain pools on ShapeShift.
Time to Jump Into DeFi
In the end, ShapeShift removing affiliate fees for smaller contributions to liquidity pools is awesome for anyone looking to explore the DeFi waters with less financial stress. It's showing that DeFi is open for everyone, not just the big-time investors. With more room to grow and learn, and maybe even make some earnings, why not give liquidity providing a shot with ShapeShift? It looks like getting into DeFi has never been easier.
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