Yield Farming with DCTDAO and strategic partner TrustSwap Update: Week 1
What an exciting week it has been, DCTDAO with TrustSwap officially starting ‘Yield Farming’ for a number of partners including Verso and Tokenplace. With this partnership in place, all new projects launching through Trustswap on the Avalanche Network will get priority listing on DCTDAO!
To read more on the Trustswap announcement:
TrustSwap has also officially announced the new launch with great results to their twitter community:
So for beginners looking to earn some sweet rewards: ‘Yield Farming’, also referred to as liquidity mining, is a way to generate rewards with cryptocurrency holdings. In simple terms, it means locking up tokens and getting rewards! With, yield farming closely related to a model called automated market making (AMM), it typically involves liquidity providers earning rewards by proving they are staking their tokens in a given decentralized exchange, such as DCTDEX!
So far the first week has provided a great amount of results, with each pool filled with users providing LP tokens and earning high rewards. All pools are live, and as there are no term limits, users can dip in and out of the pools as they see fit! So what are you waiting for?
DCTDAO, Tokenplace, Avalanche and Verso supporters and ‘hodlers’ can provide to the liquidity pool of select pairs and earn up to 200% in returns, with many more to come in the near future!
Supported pairs include:
DCTD/DUSDT _ AVAX/DWETH _ DWETH/VSO _ TOK/DWETH _ TOK/DCTD _ VSO/DCTD
As a reminder, to participate, token holders can first add liquidity to dex.dctdao.org and stake the liquidity pool tokens on the appropriate staking pools on the TrustSwap staking portal at https://dashboard.trustswap.org/app/launchpad-staking-pools
For more information on getting your yield farming started, detailed instructions can be found via the official DCTDAO guide — http://bit.ly/yieldfarmingguide