{"id":8011,"date":"2022-10-14T21:45:26","date_gmt":"2022-10-14T14:45:26","guid":{"rendered":"https:\/\/news.bitcoinvn.io\/?p=8011"},"modified":"2024-05-13T07:42:23","modified_gmt":"2024-05-13T00:42:23","slug":"bitcoinvn-doubles-available-pool-size-for-staked-bch","status":"publish","type":"post","link":"https:\/\/bitcoinvn.io\/news\/bitcoinvn-doubles-available-pool-size-for-staked-bch\/","title":{"rendered":"BitcoinVN doubles available pool size for staked BCH"},"content":{"rendered":"

Due to a steadily increasing usage of Bitcoin Cash on BitcoinVN<\/span> the team of BitcoinVN decided to enlarge the BCH vault size.<\/span><\/p>\n

Vaults on BitcoinVN allow users to provide liquidity to the swap service, and<\/span> earn a share of the exchange volume of the staked asset<\/span><\/a>.<\/span><\/p>\n

BitcoinVN is <\/span>Vietnam\u2019s oldest Bitcoin Exchange service which launched in early 2014<\/span><\/a>. Currently, it allows for <\/span>deposits and withdrawals in Vietnamese Dong<\/span><\/a> as well as <\/span>withdrawals into Russian Ruble<\/span><\/a>.\u00a0<\/span><\/p>\n

BCH has been holding pretty steadily its second rank in terms of volume among all cryptocurrencies available on the platform, and even outperforming Ethereum in terms of usage.<\/span><\/p>\n

\"While
While fallen in terms of market cap, BCH retains a high percentage of actual usage – even outstripping the much heralded Ethereum<\/figcaption><\/figure>\n

As such the users who staked BCH have been enjoying an APR of beyond 50% for the past couple of months.<\/span><\/p>\n

\"\"<\/p>\n

While the APR might decline as more investors stream into <\/span>sBCH (capped at 200 BCH)<\/span><\/a>, the current comparatively low digital asset prices and high APR might make for an interesting portfolio addition with limited downside risk.<\/span><\/p>\n

Additional upside in the APR might be provided if BitcoinVN can continue its growth path while additional BCH usage on the platform occurs.<\/span><\/p>\n

For who <\/b>sBCH on BitcoinVN<\/b><\/a> might be an interesting diversification:<\/b><\/p>\n