coreDEX Update: Migrating LP to coreDAO

Core introduced coreDEX Update: Migrating LP to #coreDAO.

The CORE ecosystem is built on top of its underlying locked liquidity. Three Liquidity Generation Events added Ethereum, Bitcoin and DAI tokens to its locked liquidity pools while giving out UNIV2 LP tokens to its participants. Moving forward, the underlying assets will be migrated to stable coins.

How to participate

Stake your LP tokens in the Core Vault and the upgrade will happen automatically. For those with LP tokens outside of the vault, you will need to perform a manual conversion to the new coreDAO vouchers.

Lending:

coreDAO tokens allow its users to receive loans at 25% of LP floor value. This is possible due to the underlying locked liquidity of the coreDEX ecosystem.

Farming:

coreDAO tokens can be used to farm fees on coreDEX and increase yield through multipliers.

What is Core?

Core Vault is deflationary yield farming for DeFi 2.0.

📰 INFO:

https://medium.com/core-vault/coredex-lp-migration-a82e7351d5fb