Republic Plans to Pay Users’ Dividends on Avalanche Blockchain
The Republic Protocol, a decentralized dark pool exchange based on the Avalanche blockchain platform, recently announced its plans to launch “Derivatives Dividend Payouts” for users on its platform. A derivative is a financial instrument that derives its value from the price of an underlying asset. The dividend payouts will be available to users who hold XRD, the native token of the Republic Protocol, and will be tokenized derivatives of prominent companies such as Apple, Amazon, Tesla, and others. These dividend payouts will be distributed every quarter in both XRD and the underlying asset’s fiat currency. In addition, the Republic Protocol will also be launching an exchange where users can convert between XRD and fiat currencies, such as USD, EUR, and JPY. This move will further enable users to enjoy the benefits of holding XRD, including the potential to earn dividend payouts and take advantage of the Avalanche blockchain’s low fees.