Matrix Technology Outperforms Itself During Recent Depeg

Cryptocurrency crashed significantly over the last week, sending shockwaves throughout the whole market. The recent depeg of USDC value, one the largest stablecoins, resulted in a domino effect causing the price crash of five other stablecoins, such as GUSD, DAI, FRAX, USDP and USDD. At the moment, the stablecoins have slightly bounced back, but still are not traded at their initially stated value of $1.

Bank Rug Pull role in the recent crisis

Following widespread withdrawals by depositors of Silicon Valley Bank, US regulators seized the bank's assets last Friday, making it the largest bank failure in the United States since 2008. The bank's collapse caused a ripple effect throughout the entire market, causing the cryptocurrency price to plummet.

Consequently, the financial market is predicting that the SVB collapse will trigger a financial contagion effect throughout the sector, making it a good chance for the Global recession to finally take place. The stock market dynamics for the last two days:

Western Alliance, $WAL:-75%

First Republic, $FRC:-65%

PacWest, $PAC:-41%

Comerica, $CMA:-33%

Fifth Third, $FITB:-20%

This crisis played right into Neosify’s hands. How?

To provide liquidity to the platform, Matrix Technology employs a complex algorithmic crypto arbitrage strategy that involves multiple trades on different exchanges. The method uses various crypto pairs, including stablecoins, with trades executed until the original asset is reached. To increase interoperability between the exchanges, Neosify trades in wrapped Bitcoin, wrapped Ethereum and USDT.

Bringing Liquidity Generation to the next level

Matrix algorithmic crypto arbitrage is designed to adapt to any market situation, whether the market is still or volatile. Here’s why algorithmic arbitrage makes the most efficient liquidity generation tool so far:

Volatility Usage. The most important advantage of crypto arbitrage. There are more opportunities during the market volatility as this period suggests the most inconsistent rates and price changes. Under these circumstances, the arbitrage strategy thrives.

Fast Profits. Unlike other trading liquidity generating strategies, arbitrage trading suggests fast profits. Thanks to Matrix technology, the price inconsistency for a trading pair is spotted as soon as it appears across exchanges, with the profits made as soon as the transaction is conducted.

Depeg boosts liquidity

As Matrix Technology is designed to take into account even the slightest price slippages, the recent 13% USDC depeg was a major success when USDT/USDC pairs were traded. Even though Matrix Technology doesn’t usually trade in USDC, we decided to take advantage of the market downfall and add a new crypto pair.

As a result, trading volatility increased by 480% in comparison with the previous trading periods, making for the outstanding trading profits. This period has been the most successful one since Matrix Technology algorithmic crypto arbitrage was introduced.

Enjoy Ultimate Staking Profits

To mark the Matrix Technology outstanding performance and spike in the project liquidity, we’re activating the new promo code offer – extra 5% staking rewards on any crypto. Just paste “Secret5” in a special field in the deposit creation window, and 5% will be added automatically to your initial deposit amount. Please note that the pro code must be activated within 7 days from today, March 14th until March 21st.

The Real World gains more and more strength. No volatility or Wicked Simulation will ever get us. We’re Born to Earn.