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AlgoVest to Launch AlgoPool, Providing up to 60% APY in Passive Income to USDC Holders

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AlgoVest is pleased to announce the launching of its AlgoPool solution this month. Through AlgoPool, investors can generate passive income in DeFi through the USDC stablecoin at a rate of up to 60% APY.

Tallinn, Estonia–(Newsfile Corp. – November 17, 2021) – Yield farming remains a popular aspect of the decentralized finance (DeFi) industry. AlgoVest throws its hat into the ring through their AlgoPool income generation solution for USDC holders. AlgoPool is an investment yield platform powered by algorithmic trading and artificial intelligence. That hybrid approach has yielded over 150% in profit in less than 12 months, confirming the AlgoVest team’s approach to generating passive revenue is working wonders.

Figure 1: AlgoVest to Launch AlgoPool, Providing Up To 60% APY In Passive Income To USDC Holders

There will be three initial AlgoPool investment yield pools to choose from:

  • Locking USDC for 8 weeks in exchange for a 20% APY. Users can claim their interest weekly or when the eight-week contract finishes.
  • Locking USDC for 16 weeks in exchange for a 40% APY. Users can claim their interest weekly or when the sixteen-week contract finishes.
  • Locking USDC for 24 weeks in exchange for a 60% APY. Users can claim their interest weekly or when the twenty-four-week contract finishes.

Participating investors can deposit USDC to a pool of their choice. However, users can only access the USDC deposit feature if they stake AVS, the native AlgoVest token. Once AVS is staked, investors can deposit USDC equal to ten times the number of their AVS stake. Furthermore, there is an extra benefit to staking AVS, as it yields 8% APY. These rewards are separate from the interests earned from the USDC investment yield pool.

AlgoVest – Providing Stability and Security

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The launch of AlgoPool will mark a significant milestone for the broader cryptocurrency industry. Seekers of passive income can explore that option through USDC, a currency that does not suffer from USD-linked volatility like Bitcoin or Ethereum. Its price remains $1 at all times, creating a low-risk staking and yield farming solution for all crypto enthusiasts globally.

Furthermore, AlgoVest protects users funds through two different external security and smart contract audits. The AlgoPool will also offer deposit-protection risk coverage through a decentralized insurance provider. Initially, there will be an internal insurance funds mechanism – building up over time – to provide up to 100% cover for all deposited USDC in the AlgoPool.

Crypto investors looking to put their USDC holdings to work for passive income generation can explore what AlgoPool offers. It is backed by a proven algorithmic trading system and artificial intelligence.

To find out more about AlgoPool, keep an eye on the AlgoVest community and social channels on Telegram and Twitter. Those channels will also provide access to news, updates, and announcements, including the investment yield pool launch!

About AlgoVest

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AlgoVest is a capital protection and crypto investments growth project powered by a modular algorithm. AVS, the native token of AlgoVest, is a multi-DeFi-utility and deflationary cryptocurrency that derives its value from an underlying treasury powered by a disruptive AI trading program that protects and grows investment while using the AVS token buyback as a Protect, Reward and Burn mechanism to increase value for token holders.

Official website: https://algovest.fi
Official Telegram: https://t.me/algovest
Official Twitter: https://twitter.com/algovestavs

Media Contact Details
Name: AlgoVest Team
Email: [email protected]

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/103982

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Blockchain

Bybit Expands bbSOL Yield Opportunities Through Strategic DeFi Partnerships

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This Week in Finance News: 11 Stories You Need to See

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With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help finance journalists and consumers stay on top of the week’s most newsworthy and popular releases, here’s a recap of some major stories from the week that shouldn’t be missed.

The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.

  1. Prosperity or catastrophe: #Insurance2040 study reveals four possible futures for the industry
    By 2040, technological innovation driven by customer centricity could pave the way to greater climate resilience and more personalized offerings by the insurance industry. Alternatively, insurance could become a luxury afforded only to the wealthiest few.
  2. Cardinal Health announces two strategic additions to its portfolio
    Cardinal Health will acquire a majority stake in GI Alliance (GIA), the country’s leading gastroenterology (GI) management services organization (MSO), from a combination of GIA physician owners and funds managed by affiliates of Apollo. Cardinal Health will also acquire the Advanced Diabetes Supply Group (ADSG), one of the country’s leading diabetic medical supplies providers, for approximately $1.1 billion in cash.
  3. BlackRock Launches New BUIDL Share Classes Across Multiple Blockchains to Expand Access and Potential of BUIDL Ecosystem
    This initiative represents the next step in the evolution of the tokenization market, by enabling BUIDL to be used within leading blockchain-based financial products and infrastructure across ecosystems.
  4. Primo Brands Corporation Announces Successful Completion of Merger of Primo Water and BlueTriton Brands
    “I believe Primo Brands is positioned to be a leader in the healthy hydration beverage category, thanks to the strength of its iconic, sustainably-sourced brands, its robust operations and extensive North American network, and its responsible operation of numerous springs across the country,” said Dean Metropoulos, Non-Executive Chairman of the Board of Directors of Primo Brands.
  5. Jackson Hewitt Tax Services Expands Workforce, Offering Job Opportunities Nationwide for Upcoming Tax Filing Season
    The week-long event will launch the combined hiring of 18,000 employees to prepare for the upcoming tax filing season. The Jackson Hewitt hiring events are open to the public and include on-site interviews. Qualified candidates could receive a job offer immediately.
  6. PNC Bank to Double Planned Branch Openings to More Than 200 Across Six States This announcement brings the bank’s total investment to approximately $1.5 billion to open more than 200 new branch locations in 12 cities across the U.S. over the next five years, while completing the renovations of 1,400 existing branches during the same time period.
  7. Alchemy Pay Expands Virtual Card Functionality with Google Pay Support The new card BINs added will significantly enhance the capabilities of crypto cards, expanding their support for a broader range of payment scenarios and improving transaction success rates. This advancement is particularly impactful when paired with Google Pay, one of the most popular and widely used digital payment platforms, trusted by millions for its convenience and security.
  8. Finaya Unveils Nationwide Homeownership Platform
    From providing rich and current information about home values and property conditions, to finding helpful repair and remodeling providers, to shopping for and securing the right insurance, the platform simplifies the homeownership process, making it more accessible, convenient and efficient.
  9. GenAI predicted to inspire revenue growth in 76% of businesses, but only 4% qualify as “leaders” in AI and analytics
    Kearney’s report confirms that businesses are not only aware of how big data, AI, and analytics will impact revenue generation and enhance business strategies, but they are investing to stay ahead of the curve, too.
  10. GameAbove Sports Acquires Meaningful Ownership Stake in Brisbane Bullets with NBA Legend George Gervin as Part of Ownership Team
    This move marks a significant milestone for GameAbove Sports, a CapStone Holdings Inc. company, as it expands its influence on international basketball ahead of the Brisbane 2032 Olympics.
  11. Most US shoppers are encountering generative AI while shopping without realizing it
    A survey of 700 online shoppers in the US shows 71% are unaware of having used generative AI while shopping online even though most had recently shopped at retailers currently using it. 41% of customers say they would feel comfortable using a generative AI tool from a brand they trust.

For more news like this, check out all of the latest finance-related releases from PR Newswire.

Do you have a finance press release to distribute? Sign up with PR Newswire to share your story with the audiences who matter most.

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Helping Journalists Stay Up to Date on Industry News

These are just a few of the recent press releases that consumers and the media should know about. To be notified of releases relevant to their coverage area, journalists can set up a custom newsfeed with PR Newswire for Journalists.

Once they’re signed up, reporters, bloggers, and freelancers have access to the following free features:

  • Customization: Users can create customized newsfeeds that will deliver relevant news right to their inbox. Newsfeed results can be targeted by keywords, industry, subject, geography, and more.
  • Photos and Videos: Thousands of multimedia assets are available to download and include in a journalist or blogger’s next story.
  • Subject Matter Experts: Journalists will have access to ProfNet, a database of industry experts to connect with as sources or for quotes in their articles.
  • Related Resources: Our journalist- and blogger-focused blog, Beyond Bylines, features regular media news roundups, writing tips, upcoming events, and more.

The post This Week in Finance News: 11 Stories You Need to See appeared first on .

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Blockchain

Fintech as a Service Market: A Comprehensive Trends Analysis Predicts a USD 1,329.12 Billion by 2032 CAGR: 17.4% | PMR

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