We are pleased to announce that together with our partners at Mdex we are opening an incentive farming for APYSwap’s tokens, enabling users to stake APYS/USDT on Mdex exchange. We hope that this event will benefit the members of our respective communities by rewarding them with some extra tokens.
Now, let’s dive into the event’s details.
An incentive farm for APYS/USDT LP will launch on April 27 at 12:00 GMT. The event will last through May 11, 12:00 GMT and participants will be gain an equivalent of 100,000 USDT in MDX.
Furthermore, we are very excited to reveal that Mdex users will be able to stake their MDX tokens to farm APYS at the recently redesigned APYSwap website, thus providing the ecosystem’s holders with extra rewards.
In addition, are going to deploy the HECO version of our Vaults, enabling users to store HT, USDT, APYS and MDX within them. Vaults’ lock-in period will vary between 3, 5 or 9 months, rewarding users with $100,000, tied to the lock’s duration. For instance, 3 months will reward you with 7% (28% APY), 5 months with 15% and 9 months with 27%.
Rewards will be fixed in USD, but paid out in APYS when the vault is unlocked, using the current exchange rate at the time of unlock. Liquidity will be limited to $10,000 per vault (more can be stored, but only the first $10,000 are eligible for rewards. Users may unlock their vaults at any time and return their liquidity, but all rewards will be lost. Rewards will be issued for a limited time only, until June 1, 2021.
Mdex is an automatic market-making decentralized exchange based on the concept of fund pools. MDEX proposes and implements a mix-chain DEX model based on the Heco Chain and Ethereum. Mdex combines the advantages of the low transaction fees of the Heco chain and the prosperity of the Ethereum ecosystem. With MDEX, users can also await dual mining mechanism of liquidity and transactions.
APYSwap is a protocol for decentralized cross-chain exchange of shares of Tokenized Vaults. Leveraging layer-2 blockchain technology, APYSwap enables the trustless trading of tokenized yields across multiple layer-1 blockchains. With APYSwap, active DeFi portfolio managers can create specific combinations of Liquidity Providers, Yield Farming as well as other tokens and transfer divisible shares of these portfolios to third parties.
Therefore, instead of unlocking the assets for trading, users can instead trade APYSwap Vault shares. This provides liquidity to the previously illiquid assets, without compromising the rewards tied to the condition of assets remaining locked.
Follow MDEX on:
Telegram Chinese: https://t.me/MixDex
Telegram English: https://t.me/MdexEN
Follow APYSwap on:
Telegram Community Group: https://t.me/apyswapcom
Telegram Announcement Channel: https://t.me/apyswap