Convergence Finance Has Launched Farm On Moonbeam
Convergence Finance has partnered with Moonbeam to launch Farm and Introduce Dual-Yield Farm with Celer Network
Convergence aims to democratize investment by making private markets public and enable cross-chain compatibility to maximize liquidity across different chains so users can transact beyond the Ethereum ERC20 standard.
Yield-Farming on Moonbeam Network is now supported and $CONV single-sided staking pool will be supported next, the team is also preparing for the next private-sale token offering on Moonbeam for a fast and low-gas token subscription experience.
Farms on Moonbeam and Dual-Yield Farms with Celer Network
Farm aims to incentivize liquidity providers with attractive APR in $CONV tokens when they stake their Convergence LP tokens after injecting liquidity into the pools. This will in return stabilize the liquidity provision in the AMM pools and minimize slippage during token swaps.
About Convergence Finance
Convergence is the first AMM to make private tokens interchangeable in the DeFi space by fractionalizing them using a single easy-to-use interface and composable with other DeFi protocols. Convergence enables originators to take advantage of DeFi’s liquidity, while DeFi users can access exotic private exposure unavailable to them before. Convergence Finance combines the edge of a lowered investment entry barrier with the liquidity, automation, and transparency features of DeFi to bring exclusive investment exposure to all DeFi users.
About Celer Network
Celer Network is a layer-2 scaling platform that brings fast, secure, and low-cost blockchain applications on Ethereum, Polkadot and other blockchains to mass adoption. Celer launched the world’s first Generalized State Channel Network and continues to push the frontier of layer2 scaling with advanced Rollup technology. Core applications and middlewares like cBridge, layer2.finance and more ecosystem applications built on Celer have attracted more large audiences in DeFi, blockchain interoperability and gaming space.
