2021-8-4 16:58 |
Decentralized exchange EmiSwap, a reputable, high APR, multi-functional platform, announced the launch of new staking and yield farming features today, Invezz learned from a press release. Staking focuses on improving the security of blockchain networks while simultaneously earning rewards. Yield farming focuses on generating the best possible yield. With the launch, users can stake $ESW tokens in either a fixed or variable pool to earn high APR and extract high yields from farming and liquidity mining on Ethereum (ETH/USD) and Polygon (MATIC/USD) with over 400% APR.
Grigory Rybalchenko, founder and CEO of EmiSwap, commented:
“We are excited to officially launch our farming and staking features. The fixed and variable pools give our community flexibility in best serving their financial needs, and this launch marks another milestone in EmiSwap’s growth into the DeFi space.”
With yield farming, funds are held in a crypto wallet to support blockchain transactions, in line with the staking principle. The APR is the cost of borrowing or earning money. It’s calculated by multiplying the periodic interest rate by how many times a year the periodic rate is applied.
Fixed vs. variable pool optionsThe variable pool option allows users to withdraw liquidity or funds at any time, while the fixed pool locks the exchange’s token, $ESW, and another one for a set period. As APR rates are contingent upon a pool’s liquidity, early users will receive higher ones. Part of the variable pool are farmable token pairs like $ESW and $USDC (USDC/USD), $ESW and $USDT (USDT/USD), $ESW and $DAI (DAI/USD), and more.
EmiSwap private funding round generated $1.38MThe public launch of EmiSwap’s token followed a private funding round that yielded $1.38 million. This EmiSwap project, which is the first of its kind in the EmiDAO ecosystem, is supplemented by its $ESW governance tokens. Liquidity providers receive high rewards, while every user gets a full refund for their Ethereum gas fees. Refunds are given in $ESW tokens. EmiSwap is the first community-governed DEX to offer this. It’s also a DAO, whose token holders determine the platform’s entire development.
The post EmiSwap announces launch of staking and farming features with fixed and variable pools appeared first on Invezz.
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