Partnerships on the blockchain seem to be the main driver in propelling blockchain apps and platforms into the mainstream. These kinds of collaborations, as well as promoting liquidity, help the realm achieve a state of interoperability and bring new utility for the users. The latest partnership to hit the headlines is that of Public Mint and Celsius.
How does it work?
Public Mint is a payments ecosystem that enables simple and secure transactions while bestowing access to opportunities within the realm of decentralized finance. Users do not need a bank account to take advantage of this functionality. The platform can conceivably replace a banking and savings account, by allowing users to top-up their wallet via their bank account, credit card, or even stablecoins. Users can pay for things and send money anywhere worldwide in the blink of an eye, leveraging the security of the blockchain.
Public Mint is offering an Earn program, which automatically seeks out the highest yielding investments on the blockchain while balancing portfolios and optimizing risk management.
The EARN program is the first app to sit on the Public Mint network and is powered by Celsius. Celsius is a platform that allows users to buy coins, earn yield, borrow, and transfer with no fees and boasts a user base of over 1 million users currently earning up to 17% yield on their crypto holdings. It brings this expertise to the Earn program on Public Mint. The app, which is now available on the Web and then later on Android and iOS, gives users the chance to maximize their capital, manage their risk, and extend their gains. The app is suitable for everyone, even those not yet familiar with the blockchain. as it resembles a classical FinTech app.
A bridge between CeFi and DeFi
It extends Public Mint’s value proposition of bridging the traditional markets with the opportunities only available on the blockchain. At the heart of Earn, sits the token, USD+, a synthetic token that is pegged to the USD. This liquid earnings-bearing synthetic currency can be redeemed for USD, held for yield, and used across the entire Public Mint blockchain and beyond, with access to Ethereum through USDC.