Crudeoil Finance x Shibanova Integration

Crudeoil Finance has reached a strategic partnership with Shibanova to build yield farming strategies together for their yield farm and maximize the user earning.

They will do it by the followings

  1. Auto compounding feature will maximize the earnings and users won’t have to manually compound their earnings.
  2. Additional Crude rewards to the Shibanova farm users will boost the overall APY for each farm.

Currently, shibanova farming platform has a limited number of farms. They have build strategies for all of them. With time they create more strategies as they keep adding more farms to the platform.

Following is the list of the vaults they have built for the shibanova users with insane APYs.

  1. NOVA-BUSD LP Vault
  2. NOVA-BNB LP Vault
  3. BNB-BUSD LP Vault
  4. BNB-USDT LP Vault
  5. MATIC-BNB LP Vault
  6. CAKE-BNB LP Vault
  7. BTCB-BNB LP Vault
  8. USDT-BUSD LP Vault
  9. ETH-BNB LP Vault

At the heart of the ShibaNova project stands the philosophy to reward early investors by making them actual shareholders who receive dividends for their early adoption and continued loyalty. The way ShibaNova achieves this is by distributing the majority of the revenues from swap fees (75%) to a daily dividend rewards Pot (the Money Pot), to be distributed to all sNova holders. sNova, our reward token, is one of our two tokens (Nova and sNova), that can be obtained only by providing liquidity and staking the resulting LP tokens in a Nova farm.

Furthermore, this approach allows them to counterbalance the potential value collapse of farming rewards, that is usually seen in traditional AMMs such as PancakeSwap, as they return most of the value to users in the form of dividends!

📰 INFO

https://crudeoilfinance.medium.com/crudeoil-finance-has-reached-a-strategic-partnership-with-shibanova-ae0cf4675a9c

Crudeoil Finance x Shibanova Integration

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