CRYPTO NEWS & DATA SPACE

CRYPTO NEWS & DATA SPACE

ApeSwap Introduces BANANA Maximizer Vaults

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ApeSwap introduces BANANA Maximizer Vaults: A Robo-Manager for Your Liquidity.

How BANANA Maximizer Vaults Work

Like the BANANA Farms, joining a BANANA Maximizer vault starts by creating a Liquidity Pool. At launch, five BANANA Maximizer LPs will be available:

  • BANANA-BNB
  • BANANA-BUSD
  • MATIC-BNB
  • FTM-BNB
  • BNB-BUSD

ApeSwap will add two more BANANA Maximizers per day, for the next seven days. Once the deployment completed, the protocol will offer a total of 20 Maximizers. Be sure to follow ApeSwap on Twitter to see which BANANA Maximizers will be next to launch!

Once LP tokens are created, users can stake them in their vault of choice. Like Farms, holders staked in vaults will earn rewards in BANANA, along with passive rewards from swap fees (which are always added to your underlying Liquidity Pool).

However, unlike Farms, BANANA Maximizers work more like a robo-manager for your rewards. As a result, not only will the LP Tokens earn daily rewards from staking with the opportunity to grow in value as prices increase, but the BANANA tokens will also earn their rewards daily.

Finally, the higher APY shown in BANANA Maximizers are a combination of the APY from the LP tokens, along with the compounding earned from automatically re-staking BANANAs daily. Alongside other recent additions, the entire ApeSwap community gains more utility for BANANA, which in turn creates a more robust ecosystem.

About ApeSwap

ApeSwap a Decentralized Exchange – Automated Market Maker, Yield Farming, and Staking platform on Binance Smart Chain (forked from PancakeSwap).

Website | Twitter |

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