PRESS RELEASE. AscendEX, a leading cryptocurrency trading platform, is pleased to celebrate Polygon (Curve) Yield Farming on its staking portal by offering an increased APR to active participants. For a limited time, AscendEX users will receive additional returns on yield farming with Polygon for all accounts under $10,000 USDC.
AscendEX originally announced the launch of yield farming with the Polygon stablecoin in July. Starting this week, users can deposit their USDC into Polygon DeFi Yield Farming and receive interest in USDC, MATIC and CRV and earn up to 20% APY with a 10% bonus from September 1st to 7th! Additionally, by farming on AscendEX, users enjoy the benefit of zero gas fees and a seamless farming experience by offering an easy “one-click” solution.
Yield farming explained:
Yield farming can be a resource-intensive process where a user allocates capital to a supported DeFi protocol and is rewarded for their liquidity contribution. The rewards are granted to the user in different tokens depending on the operated DeFi protocols.
Right now, AscendEX is one of the easiest ways to get involved in yield farming. The AscendEX team handles all backend integration and removes the technical hurdles associated with DeFi protocols, allowing users to easily click and farm high-quality tokens and enjoy a timely yield distribution mechanism with no lock-in period.
Polygon and the Ethereum blockchain
Most current DeFi applications, including Polygon’s, are built on Ethereum, the world’s second-largest blockchain for digital assets. Ethereum is unique because its blockchain makes it easier to create various decentralized applications that go beyond simple transactions.
Polygon and DeFi yield farming:
Polygon is a protocol and framework for building and connecting Ethereum-compatible blockchain networks. By aggregating scalable solutions and supporting a multi-chain Ethereum ecosystem, Polygon combines the best of Ethereum and sovereign blockchains into a fully fledged multi-chain system.
Polygon solves blockchain-related pain points, like high gas fees and slow speeds, without sacrificing security. To celebrate the Polygon project, AscendEX users can now participate in Polygon DeFi yield farming from September 1st to September 7th with up to 30% APR.
Users can start yield farming polygon HERE.
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