VVS Finance introduces Auto Harvest and brings Defi return for Crypto.com prepaid card holder
VVS Finance, the leading decentralized stock exchange and the Yield Farming Protocol on Cronos, has presented its users a new function with Auto Harvest that enables customers of the Crypto.com prepaid card to convert some of their yields achieved by Yield Farming on the VVS Finance platform and convert with a debit card for their daily needs to spend.
Auto Harvest is now available in all VVS farms and is marked as Auto Harvest. The rewards achieved over these farms are automatically harvested daily as soon as the amount is above 6. You will then be exchanged for Fiat money using USDC or the corresponding equivalent in local currency (minus all commissions) and depending on the availability region, the user account linked to the Crypto.com prepaid card account.
Esther Wong, Senior Vice President of Cards at Crypto.com, said: “The Crypto.com prepaid card is an important bridge between the Fiat and Kryptowelt and a jumping board for participating in the decentralized finance. The introduction of Auto Harvest enables VVS Finance users to automatically To request and to seamlessly use them for expenses for everyday goods and services. “
Mirko Zhao, Cronos Labs Lead said: “VVS Finance's Auto Harvest function shows that what happens on the Cronos Chain does not necessarily have to stay on the Cronos Chain. The native integration with Crypto.com Prepaid Card gives cronos users the freedom to claim their Yield Farmring rewards-where they use them-for other defi-purpose in the Chain Or to pay on your prepaid card. “
YOTEI, product manager at VVS Finance said: “The introduction of Auto Harvest connects Defi and Cefi seamlessly and makes VVS users demand for reward and their immediate use for everyday expenses. This is a breakthrough that makes decentralized finances accessible to mainstream users.
In addition to the automatic functions, users can harvest on farms with Auto Harvest function manually and free of charge. Integration simplifies off-ramping and crypto editions, without delays or technical challenges, as is usually the case.
Auto Harvest increases the functionality of Defi by enabling an uncomplicated and smooth interaction between blockchain application generation and real financial activities in the Fiat world. It eliminates the typical hurdles of onboarding and offers inexperienced users a easily understandable introduction to the decentralized financial world.
About VVS Finance
VVS finance VVS is the leading defi protocol on cronos with a wide basis of active users and a focus on user-friendly financial tools. It forms the gate to Cronos and enables defi users to trade, staking, earn and control their digital assets. With support for extended order types and perpetual markets, VVS offers a diverse performance package on a single platform.
About Cronos
Cronos is one of the most innovative blockchain ecosystems with over 100 million users and over 500 development partners. The network includes Cronos EVM, Cronos POS and the powerful cronos ZKEVM, which covers secure self -storage and applications in the areas of Defi and Gaming. Cronos Labs heads a 100 million dollar accelerator for the development of the ecosystem.
Via crypto.com
Crypto.com was founded in 2016 and has over 140 million users. The company conquers the industry in terms of compliance and innovation with the highest security standards. The company offers a wide range of services with the aim of making cryptocurrencies accessible in every wallet, including defi integrations and the Crypto.com prepaid card.
More information: https://crypto.com
