Axie Infinity arrives on Nexo exchange
Axie Infinity has listed native AXS token for trading on the Nexo exchange in a move aimed at exciting AXS holders with interest yields.
The Nexo listing will enable investors to buy and sell AXS, alongside a new crypto interest suite model that opens the door for 36% yields on AXS holdings, with daily pay-outs. There are also plans afoot to introduce 0% APR borrowing for AXS holders.
As a prominent GameFi token, Axie Infinity’s arrival on the exchange forms part of a strategic focus at Nexo, which aims to contribute directly to stimulating in-game markets and includes the extension of sophisticated financial tools to the token’s ecosystem.
Nexo looks to Axie Infinity (AXS) as future of GameFi
Nexo has identified the metaverse as a key area of growth, and tips decentralised virtual worlds as the sector of GameFi that will drive forward serious innovations in gameplay mechanics and markets.
A number of trading pairs have been created for the AXS listing, which will enable users to directly trade AXS against BTC, ETH, USDT, EUR, and GBP – alongside facilities for direct card payment purchases of AXS tokens.
This is augmented by the opportunity to use AXS-backed crypto credit lines, which collateralise holdings for instant stablecoin loans for amounts up to $2m.
