JUMBO Exchange was the first DEX to use HAPI. And now it is fully integrated into the platform in order to deepen their collaboration. Of course, the main news is the opening of the JUMBO/HAPI farming pool!
Also, this integration will allow us to diversify its roster and increase the overall visibility of both the NEAR ecosystem as a whole and specifically the JUMBO Exchange. These migrated assets will then be supported and serviced to provide tangible benefits to users in the form of significant APY and incentives.
In addition, the placement of HAPi on the Jumbo Exchange is exclusive! They will maintain appropriate pools with enough liquidity for you to trade.
Yield farming (or just farming) is the process of using decentralized finance (DeFi) to maximize returns. Users lend or borrow crypto on a DeFi platform and earn cryptocurrency in return for their services. More about farming here.
You can very easily and conveniently use the farming feature in just a few clicks. Farming is available directly from your smartphone, the function is fully optimized for this.
To become a real farmer you need to:
- link your NEAR wallet;
- go to the Pools section;
- choose the subsection Farming;
- select the active pool JUMBO/HAPI;
- get shares by adding liquidity to the JUMBO/HAPI pool by clicking «Stake» → «Get share»;
- stake tokens in farming.
HAPI is a set of cross-chain smart contracts that are embedded into DeFI products that allow them to reach a new security level. Also, HAPI’s Oraclizing and DAO system delivers SaaS in the DeFi environment that prevents hack attempts.
About Jumbo Exchange
Firstly, Jumbo Exchange is AMM DEX built on NEAR and the first DEX to utilize HAPI Protocol from the very genesis. This allows us to build, test, and trial HAPI on the battlefield directly and from the very beginning allowing us to fix any issues that arise during the implementation state. It also helps in ultimately making HAPI easily implementable for DeFi by simply calling HAPI’s smart contract. This makes it possible to further extend the comprehensive nature of HAPI and allow it to become the standard of cybersecurity in DeFi.