Wanswap Farming Pools Updates
Wanswap Farming Pools Updates
We are witnessing a crypto space that is evolving at an incredible speed, standing still is going backwards. At Wanswap, they make decisions from an important point of view: how can they grow the project in a healthy way? To provide clear answers to this, Team of Wanswap have decided to make some important changes to our farming pools. They want to evolve towards a DEX that consists only of quality farming pairs, with attractive APYs. To achieve this, three things need to happen: remove farming pairs with a low TVL, increase the rewards of pairs with a high TVL, and finally, add new, quality farming pairs.
Removing farming pools
- Remove wanEOS/WAN pair (TVL 190,000 USD)
- Remove wanLINK/WASP pair (TVL 167,000 USD)
- Remove wanUNI/WASP pair (TVL 99,000 USD)
- Remove wanSUSHIi/WASP pair (TVL 81,000 USD)
- Remove wanMKR/WASP (TVL 298,000 USD)
Time of execution: April 30th 0800 UTC
Adjusting farming rewards
- wanBTC/wanETH to x0.5 (TVL 790,000 USD and currently x1,5 rewards)
- wanXRP/WAN to x7 (TVL 6,684,000 USD and currently x5 rewards)
Time of execution: April 30th 0800 UTC
What is “WanSwap”?
Wanswap is a decentralized exchange with automated market-making (AMM) modeled after Uniswap & Sushiswap. WanSwap is built on the Wanchain blockchain and takes advantage of its cross-chain features to enable multi-chain asset trading with trustless native chain withdrawal. In addition to standard swaps and providing liquidity, WanSwap also provides liquidity farming.
Source:
https://medium.com/wanswap/farming-pools-updates-2023db9ade46
