Wrap Protocol and Plenty DeFi Collaboration
Plenty DeFi has announced its collaboration with Wrap Protocol. The collaboration will see Plenty DeFi creating a $PLENTY pond in which users can stake $PLENTY tokens to earn $WRAP governance tokens as rewards. Wrap Protocol will create a $WRAP pool on Plenty DeFi, where users can stake $WRAP governance tokens to earn $PLENTY tokens as rewards.
This collaboration between Wrap Protocol and Plenty DeFi marks a momentous dual-incentive program within the Tezos DeFi ecosystem in which users can earn incentives in $WRAP token and $PLENTY tokens. Now, users within Tezos’ DeFi ecosystem can earn cross-protocol rewards due to the collaborative efforts of the two DeFi projects.
Simultaneously, the $PLENTY pool will go live on Plenty DeFi with 22,500 $PLENTY tokens available as rewards — users who stake $WRAP tokens will earn $PLENTY rewards.
About Wrap Protocol:
Wrap Protocol is a decentralized solution that makes Ethereum tokens usable on the Tezos blockchain by enabling anyone to wrap ERC20 tokens into native FA2 tokens on the Tezos blockchain.
About Plenty DeFi:
Plenty DeFi emerged from a collaboration between Tezsure and DGH Labs, a Dubai-based Blockchain incubator powered by Draper Goren Holm. Plenty is the biggest DeFi platform on Tezos in terms of the most unique active wallet users, with $PLENTY being the most liquid token on Tezos.
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