Taking a Position with Michal Cymbalisty

The DIVI Crypto Podcast

In this episode of The DIVI Crypto Podcast, we talk with Michal Cymbalisty, Co-founder and Business Strategist of Domination Finance. Domination Finance is The world’s first DEX for dominance trading. Domination Finance is live on both the Ethereum and Polygon Networks. Domination Finance is a non-custodial financial instrument and Decentralized Exchange, allowing traders to trade dominance pairs or earn trading fees by providing liquidity to Domination Finance. The top pair is Bitcoin Dominance (BTCDOM). Bitcoin Dominance is one of the most utilized signals in the market, showing Bitcoin’s share of the total cryptocurrency industry. With Domination Finance, one no longer uses dominance as a tool for their trading. Now, a trader can take a position on the decentralized exchange and long or short not only Bitcoin Dominance, but other dominance pairs as well, such as Ethereum Dominance (ETHDOM), and Tether Dominance (USDTDOM). Bitcoin Dominance can be defined as Bitcoin’s share of the total cryptocurrency market cap, calculated as a percentage. This is useful as an indicator of times when Bitcoin will either outperform or under perform the wider cryptocurrency market. In turn, this may help investors in evaluating whether to increase or decrease their altcoin exposure. AltCoins are collectively any cryptocurrency that is not Bitcoin. These include Ethereum, LiteCoin, Doge, Monero, and stablecoins like DAI, Tether, USD Con, True USD, etc. Users earn a percentage of the trading fees earned via providing liquidity on UniSwap. At this time, only USDC can be used to add liquidity on Domination Finance. Domination Finance is compatible with MetaMask and Web3 wallets supported by WalletConnect. DomFi’s intuitive design is easy for traders to decide on a particular asset’s market dominance. A trader can decide, with the click of a button, if they feel Bitcoin Dominance (BTCDOM) will go up, with the green LONG button. Users will then be prompted to buy BTCDOM tokens with either USDC or ETH. Alternatively, if they feel that Bitcoin Dominance will drop, they can click the red SHORT button. Traders will then be redirected to purchase invBTCDOM tokens. Liquidity providers aid others to execute their trades. A 0.3% fee is distributed pro rata to all LPs in the pool. The dominance pair has two corresponding liquidity pools: BTCDOM / USDC invBTCDOM / USDC Users add liquidity to the pools by depositing USDC. The supplied USDC will be used to mint and pool an equal number of BTCDOM and invBTCDOM tokens. BTCDOM and invBTCDOM tokens are minted by supplying USDC collateral. In turn, USDC can be unlocked by redeeming BTCDOM and/or invBTCDOM tokens. To learn more about Michal Cymbalisty, visit: Website: https://domination.finance/ Discord: https://discord.domination.finance/ Twitter: https://twitter.com/dominationfi LinkedIn: https://www.linkedin.com/company/domination-finance -- DIVI is creating the world's first closed-loop, vertically-integrated cryptocurrency ecosystem. Much like Apple's ecosystem is anchored by iCloud, the DIVI Project blockchain serves as the core of the DIVI network of technologies. Thanks to a keen understanding of the divide that separates the mainstream from the crypto world, the DIVI team is able to create solutions to the industry's biggest problem: adoption by non-technical users. DIVI's user-friendly, one-click solutions aim to bring blockchain-based payments into modernity with great UX. In this podcast, we will cover all aspects of cryptocurrency, hot topics, and technology as worldwide adoption grows.