Elysian Finance is launching a token-based staking product on February 10th, 2021 called DEX Staking. DEX Staking will allow users to stake tokens from popular decentralized exchanges including Uniswap and Sushiswap for a daily yield generated from trading fees. This product will be available exclusively on the Elysian Finance website where users can stake their tokens, track their earnings in real-time, and withdraw their funds at any time with no lock-up period or withdrawal fees.
Elysian Finance is launching a token-based staking product on February 10th, 2021 called DEX Staking. DEX Staking will allow users to stake tokens from popular decentralized exchanges including Uniswap and Sushiswap for a daily yield generated from trading fees. This product will be available exclusively on the Elysian Finance website where users can stake their tokens, track their earnings in real-time, and withdraw their funds at any time with no lock-up period or withdrawal fees.
Elysian Finance is launching a token-based staking product on February 10th, 2021 called DEX Staking.
DEX Staking will allow users to stake tokens from popular decentralized exchanges including Uniswap and Sushiswap for a daily yield generated from trading fees. This product will be available exclusively on the Elysian Finance website where users can stake their tokens, track their earnings in real-time, and withdraw their funds at any time with no lock-up period or withdrawal fees.
"We're excited to launch an easy way for people to earn yield on tokens that they already own," said Elyne Hsieh, Co-Founder of Elysian Finance. "With DEX Staking, our goal is to help make the process of earning yield more seamless and accessible."
How does DEX Staking work?
DEX Staking is a new yield generation product that will allow users to stake tokens from popular decentralized exchanges including Uniswap and Sushiswap for a daily yield generated from trading fees. This product will be available exclusively on the Elysian Finance website where users can stake their tokens, track their earnings in real-time, and withdraw their funds at any time with no lock-up period or withdrawal fees.
This product is based on a mathematical game theory model that incentivizes liquidity providers (LPs) to participate in staking in order to maximize rewards. To learn more about the math behind this model and how it works, please visit our Medium Article.
What are the benefits of DEX Staking?
There are many benefits to participating in DEX Staking including:
No Lock-Up Period & Ability to Withdraw Your Funds Immediately at Any Time: Unlike other staking products, there is no lock-up period for your deposited funds so you can access your funds at any time. You also do not have to wait until you have earned enough rewards in order to withdraw your funds. You can withdraw your principal at any time with no withdrawal fee!
Yield Generation & Rewards: Earn
Elysian Finance is a decentralized finance (DeFi) platform that allows users to earn yield on their crypto holdings by staking them in a lending pool. The Elysian Finance team is dedicated to building the most user friendly yield-farming products on the market, and we are excited to announce our newest product: DEX Staking.
DEX Staking will allow users to stake tokens from popular decentralized exchanges including Uniswap, Sushiswap, and Balancer. These tokens will be staked in the Elysian Finance "Master Pool." This pool is comprised of 80% ETH and 20% LINK. The daily yield generated from this pool will be distributed proportionally to users based on how much they have staked from each exchange.
The DEX Staking product will be available exclusively on the Elysian Finance website where users can stake their tokens, track their earnings in real-time, and withdraw their funds at any time with no lock-up period or withdrawal fees. DEX Staking does not require users to deposit liquidity onto an exchange or provide liquidity for others which makes it more accessible for casual users who may not want to handle their own liquidity on Uniswap or Sushiswap.
For More Information :
Medium : https://medium.com/@elysianfinance
GitHub : https://github.com/ElysianFinance
Twitter : https://twitter.com/Elysian_Finance
Discord : https://discord.gg/gNFfBfV4he
Telegram : https://t.me/elysianfinance
Author
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