Yield farming is live on Bitcoin․com’s Verse DEX with ~80% APY – Press release Bitcoin News

Bitcoin.com is worked up to announce that Verse Farms are reside on the Verse DEX. Anybody can now deposit choose Liquidity Pool (LP) tokens into Verse Farms to earn further rewards on high of the buying and selling charges already earned for offering liquidity.

The primary Verse Farm is for the VERSE/ETH pool with a beginning APY of ~80%. Extra Farms will likely be added quickly.

“Yield farming for VERSE tokens helps develop liquidity on the Verse DEX, which improves the buying and selling expertise on this vital piece of decentralized infrastructure,” mentioned Bitcoin.com CEO Dennis Jarvis. “This can be a important early step in the direction of offering VERSE with broad utility within the Bitcoin.com ecosystem.”

VERSE, which launched in December 2022, is Bitcoin.com’s rewards and utility token. VERSE is fueling the expansion and growth of Bitcoin.com’s ecosystem, which incorporates over 37 million self-custody wallets created in its multi-chain DeFi-ready cell app, the Bitcoin.com Wallet. The ecosystem additionally consists of the award-winning Bitcoin.com News portal with over 2.5 million month-to-month readers.

The VERSE token’s utility will embody unlocking rewards alongside tiers, methodology of cost within the Bitcoin.com ecosystem and past, entry to unique platform providers, and extra. In the end VERSE will assist increase entry to decentralized finance, enabling extra folks to profit from the financial freedom and democratized finance it unlocks.

Go to https://verse.bitcoin.com/farms to deposit LP tokens and begin incomes 80% APY.

VERSE tokens are utility tokens designed to be used on Bitcoin.com. VERSE tokens usually are not shares, bonds, models in a collective funding scheme, securities, or different devices generally referred to as securities of any sort. VERSE tokens usually are not being provided on the market to U.S. individuals and usually are not accessible for buy in the USA, Japan, or another as could also be specified by Bitcoin.com, sometimes.

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