Trava Finance Introduce the W1.2 Liquidity Mining Program

Trava Finance Lending pool has gained great success when the TVL has reached more than 22 Million. The pool is expected to thrive more and more in the future as their team is always to complete and improve the lending system and help users with the great experience interacting with their lending pool.

In addition, with a mission of enriching their lending pool system, they will add 2 more assets in the pool additional to 9 current assets. Therefore, from 30th of September, users can choose among a variety of assets to deposit and borrow and gain huge profits. The Lending pool includes 11 tokens: ADA, AAVE, BUSD, BNB, DAI, USDC, USDT, WBTC, WETH, CAKE, and XRP.

Trava Finance thrilled to introduce the W1.2 Liquidity Mining Program with the total reward of 6.9M rTRAVA, which will be a great opportunity for Trava Knights to gain multifold interest. Event period starts 30th September until 7th October 2021.

In the W1.2 program, when carrying on depositing or borrowing transactions, users will receive two types of rewards:

•  APY — interest rate based on deposit-borrow demand in the pool
• APR — reward from the W1.2 liquidity mining program. The APR reward distribution of the W1.2 Liquidity program

REWARD AS FOLLOWS:

• Total W1.2 program reward: 6,900,000 rTRAVA
• The total reward for deposit transactions for each of the current 9 assets: 400,000 rTRAVA
• The total reward for borrowing transactions for each of the current 9 assets: 200,000 rTRAVA
• The total reward for deposit transactions for each of 2 new assets: 500,000 rTRAVA
• The total reward for borrowing transactions for each of 2 new assets: 250,000 rTRAVA

The reward will be distributed in rTRAVA. The sooner staker you are, the greater reward you receive as APR is calculated based on the TVL of the pool. Only users who participate in our lending pool can earn rTRAVA and have the opportunity to farm rTRAVA in our special Farming Pool. Users will receive great earnings, which means they can get TRIPLE interests at the same time: from (1) APY of depositing interest distributed in the token that you deposit in, (2) APR from W1.2 reward in rTRAVA, and (3) farming interest in $TRAVA).

ABOUT Trava Finance
Trava Finance is the world’s first decentralized marketplace for cross-chain lending. While existing approaches provide only one or a few lending pools with their own parameters such as borrow/supply interest rate, liquidation threshold, Loan-to-Value ratio, or a limited list of exchangeable cryptocurrencies, TRAVA offers a flexible mechanism in which users can create and manage their own lending pools to start a lending business. Trava is deployed on the Binance Smart Chain and allows for lending with BSC tokens first; we then enable cross-chain lending with various tokens on Ethereum and other blockchain networks.

RESOURCES
Medium