Discount is a Web3 portal to purchase discounted crypto and earn fixed returns for the mainstream. By leveraging interest rate derivatives, predictable returns in crypto are now possible. Play around with Discount Beta in Web2 fashion!
Hello everyone!
The volatility of the crypto space didn't discourage us from building Discount - a place to purchase discounted crypto and earn fixed returns. After contributing to this space for a few years now, I realized people keep building mostly highly speculative products, keeping regular, less tech-savvy folk on the sidelines.
Discount offers a safe harbor for people to discover fixed-income opportunities via 'discounts' everyone knows.
You can explore the app in Web 2.0 fashion. No need for testnet funds to make a purchase and track earnings.
@just_z congrats with the launch! Can you explain how is it possible to buy USDC less than 1$ on you platform if the current price on coinmarketcap is 1$? what maximum amount can be bought on your platform?
@ilyagalushin Thanks! Discount is still in Beta, and we are yet to connect to the underlying interest rate derivatives protocol - Spectra Finance - which makes our platform possible. The liquidity providers at Spectra issue zero-coupon bonds and offset APY volatility. That's how you can purchase e.g. 1 Discounted USDC for 0.95 USDC and wait until maturity to redeem a full 1.00 USDC
The maximum amount you'll be able to purchase will depend on available liquidity, and we'll apply the necessary tooltips for these scenarios.
Discount Finance
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