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“QuipuSwap”, Tezos’ main DEX, introduces yield farming

MadFish Solutions, the developer of QuipuSwap, a decentralized exchange on the Tezos blockchain, announced the launch of yield farming programs with high APRs.

Starting March 30th, all QuipuSwap users can participate in yield farming within the Tezos ecosystem and earn rewards JOKE tokens

QuipuSwap farms are started with QUIPU and QUIPU/TEZ staking. Farms with other tokens will be added soon.

The QUIPU token will be used in the QuipuSwap AMM governance and as a means of payment for QuipuSwap’s future services.

After the launch of the cross-chain bridge, which the MadFish and Allbridge teams are collaborating on, cross-chain farming will also be available to QuipuSwap users.

QUIPU has a fixed total inventory of 10,000,000 tokens, and full distribution was originally scheduled to be completed within four years.

In addition, the team has developed mechanisms for burning tokens, one of which is a Bakery Reward Burning scheme.

Bakery reward burns implies that all baking rewards accumulated in Tez/Token farming pools are exchanged and burned in QUIPU (buyback & burn).

To protect QUIPU holders from inflation, farms start out with small rewards and will steadily increase as TVL grows.

Farming features on QuipuSwap are designed for the average DeFi user. To join an active farming program, connect a wallet to the Tezos protocol (we recommend using Temple), select the program, enter the number of tokens (or LP shares) you want to use farm and use them. The full review of QuipuSwap farms can be found here.

About MadFish

MadFish Solutions is one of the main Tezos ecosystem companies that developed the QuipuSwap AMM protocol, Temple Wallet and the Yupana Finance lending protocol. Their products reach an audience of 200,000 users.

Stay tuned for more updates and news from MadFish on their official Telegram and Discord communities. All updates are provided in the groups

Disclaimer

All information contained on our website is published to the best of our knowledge and belief and for general information purposes only. Any actions taken by the reader based on the information contained on our website are entirely at your own risk.

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