Crypto News: Ethena-Backed Based Streams Launches to Revolutionize Live Crypto Trading

Ethena-backed Based Streams launches on Hyperliquid, enabling real-time crypto trading streams, on-chain tipping and viewer rewards.

A new live streaming platform has officially launched, set to change how users interact with decentralized finance (DeFi). This platform is referred to as Based Streams. It is based on the Hyperliquid exchange, and it is backed by Ethena Labs. The platform enables the real-time streaming capabilities of users. They can display their actions in trading on-chain instantly.

Hyperliquid-Powered Platform Creates Interactive DeFi Hub

Users can easily now create and host their own entertaining livestreams. Furthermore, they can schedule time and connect with their community. Streamers can interact with viewers using a live chat feature. Most importantly, they can show the real-time display of their on-chain trades. This functionality adds a huge amount of transparency.

Related Reading: Hyperliquid Holds Its Ground as Most Investable Perp DEX | Live Bitcoin News

The platform makes use of a special protocol known as Hypercore. Viewers are able to donate directly to their favorite content creators. Viewers give these donations to streamers in the form of HyperCore tokens. This opens a cryptógico-native channel of monetization.

The benefit of viewing is also unique for participation. They get the opportunity to earn Based Gold for simply tuning in. This tokenized reward mechanism helps to foster community engagement. It makes the loyalty among the base of viewers significantly. This is a dynamic system that distinguishes Based Streams from traditional platforms.

The launch is a strategic play for the underlying technologies. This aids in further combining social media and decentralized finance together. This is an interesting mixture that makes a unique transparent user experience. It goes directly to the desire for verifiable trading content, which has been requested since time immemorial.

Traditional finance streaming often has a lack of verification. Viewers have to believe implicitly what the streamer is saying. However, Based Streams displays actions on the blockchain itself. This eliminates the need for third-party trust.

On-Chain Tipping Mechanism Boosts Streamer Monetization

The platform’s success is very closely linked with Ethena’s backing. Ethena Labs is known for having a synthetic dollar, USDe. This is what gives the platform immediate credibility. It also offers high financial and technical resources. This foundation is essential for quick scaling in Web3.

The donations system based on Hypercore is a huge innovation. It pulls away from the traditional payment processors, such as PayPal or credit cards. The tokenized tips provide freedom of settling in near-instant time. They also have much lower transaction fees. This efficiency maximizes the actual revenue to the content creators.

This movement gives power to traders of crypto internationally. They are now free to make money for educational and entertainment content. It creates a new standard for decentralized content creation. This development increases the pace of the creator economy’s shift to Web3. It is a powerful example for DeFi utility.

Based Streams helps Hyperliquid exchange immensely. It motivates more user engagement and transaction volume. The platform offers new retail traders into the ecosystem. This inflow of activity amplifies the overall liquidity of the exchange. It increases the network effect of the underlying infrastructure.

The platform offers a scheduled session feature. This means streamers find it easy to develop consistent viewing habits. Regular scheduling is an important factor in content community development. This professional tool set ensures reliable content delivery. It helps to establish a committed following in a short amount of time.

The post Crypto News: Ethena-Backed Based Streams Launches to Revolutionize Live Crypto Trading appeared first on Live Bitcoin News.