Staking DEXE on Bancor v2.1

DEXE has just been whitelisted on Bancor v2.1. that means users can stake DEXE at Bancor and earn.

It looks like everybody loves DEXE since our token got whitelisted with more than 96% of “YES” votes and will have 200K BNT available for earning. That seems like a lot but… people love earning, so there will be plenty to want a piece of the action. The early bird does get the worm earlier here.

So now that you have this new opportunity to earn, don’t forget to use it.

The fact that it’s a single-asset earning mechanism (aka, DEXE only) means that token holders will not have to worry about price movements and impermanent loss. Deposit/withdrawal fees aside, you’ll take out as much as you deposited (plus all the earnings, of course).

As an overview, Bancor’s BNT Liquidity Mining (LM) program operates with two primary goals:

1 – Inject new liquidity into the existing Bancor pools;

2 – Incentivize long-term liquidity provision.

Bancor wants more liquidity for a more robust market. And it’s happy to pay for it (= liquidity provider fees for you).

About Bancor Protocol

The Bancor Protocol is a fully on-chain liquidity protocol that can be implemented on any smart contract-enabled blockchain. The Bancor Protocol is an open-source standard for liquidity pools, which in turn provide an endpoint for automated market-making (buying/selling tokens) against a smart contract.

About the Dexe Network

DeXe is the ultimate one-stop-shop for social trading in DeFi, including free tools available today. The DeXe ecosystem includes a number of services that together make life easier for DeFi traders, investors, and project in a holistic approach. For example, one DeXe ecosystem service protects new projects from sniping bots and other malicious actions. DeXe is the future of trading, today.

📰 INFO

https://dexenetwork.medium.com/staking-dexe-on-bancor-v2-1-is-now-live-start-earning-ccce3bbd5c51