FlameDeFi New Space Farm FlameDEX LP Token
After the release of FlameDEX from FlameDeFi, it’s time to launch the new farms with FlameDEX LP on SpaceFarm!
They will be launching on Thursday November 11th 12 new farms, with our native tokens / XTZ but also with pairs with Stablecoin (USDtz, KUSD, wUSDT…) or FLAME / fDAO pair.
Here is the new farms list:
FLAME Pools
FLAME / XTZ LP -> fDAO
FLAME / USDtz LP -> fDAO
FLAME / wUSDC LP -> FLAME
FLAME / kUSD LP-> FLAME
FLAME / wUSDT LP -> FLAME
FLAME / fDAO LP -> FLAME
FLAME / wWETH LP -> FLAME
fDAO Pools
fDAO / XTZ LP -> fDAO
fDAO / USDTtz LP -> fDAO
fDAO / wUSDT LP -> FLAME
StableTez pools
ETHtz / XTZ -> FLAME
USDtz / XTZ -> FLAME
You will be able to earn $FLAME and $fDAO through these different farms. Notice that even with new farms, we won’t increase $FLAME inflation.
Unstake fees:
Our farms will have unstake fees. We will use the collected fees to buyback and burn $FLAME.
<7d — 20%
>14d — 10%
>21d — 7%
>30d — 4%
>180–0%
The new farms will help to attract liquidity within FlameDEX and allow a better “swap experience” for our users, as well as burn more $FLAME.
We will gradually close the farms with Quipuswap Liquidity Pool. If you have liquidity within Quipuswap, you can now transfer it to FlameDEX here.
Then go to the “Liquidity” section and select the pair in which you want to add liquidity.
About FlameDefi
FlameDefi is a project based on the Tezos blockchain that combines:
– Yield farming (SpaceFarm)
– Decentralized Exchange (FlameDEX)
– NFT & Gaming (SpaceFarmer)
Their goal is to become the biggest DEX in Tezos and be the first with API to connect Tezos Defi to the world.
With the extensive momentum of Defi and Yield Primitives in the Tezos ecosystem, there is an urgent need for setting up advanced Farms and Staking pools on the Tezos ecosystem.
Source:
https://flamedefi.medium.com/new-flamedex-lp-farms-will-launch-on-november-10th-a16fec57fa44
