WSwap users now have an easy option to create Liquidity Pools (LPs) and add them to the corresponding vault using Eleven Finance. Users can stake LP tokens in the Eleven Finance vaults and earn ELE for increased rewards.
Eleven Finance Announces Partnership With Wault
Since its inception, Eleven Finance has focused on improving the Binance Smart Chain (BSC) ecosystem via yield optimization and vault strategies. The platform has supported vaults and strategies for various projects and has added Wault Finance’s WSwap to its growing list. Eleven Finance aims at improving the value it offers projects even more with the launch of WSwap and WEX token.
What Will the Partnership Bring?
With this partnership, users will gain a lot of benefits. For WSwap users, they will have an easy option to add Liquidity poos (LPs) which can be deposited in a corresponding Eleven Finance Vault. The LP positions are autocompounded to maximize Annual Percent Yield (APY). Also, WSwap users can stake LP tokens in the Eleven Finance vaults and earn ELE for increased rewards.
WSwap LP vaults have integrated a harvest fee of 2.5%. What this means is that whenever compounding takes place, 2.5% will be deducted from the pending rewards. This will eventually be split and used to buy-back and burn WaultX and ELE token.
Wault Finance Reaches 200M TVL
The De-Fi protocol took to Twitter to laud its recent achievements. Wault Finance disclosed that they have climbed to 200M in Total Value Locked (TVL). Additionally, the platform becomes part of the top 10 list of all decentralized exchanges in the crypto market.
Source : bsc.news
Founded in 2020, BSCNews is the leading media platform covering decentralized finance (DeFi) on the Binance Smart Chain (BSC). We cover a wide range of blockchain news revolving mainly around the DeFi sector of the crypto markets. BSCNews aims to inform, educate and share information with the global investment community through our website, social media, newsletters, podcasts, research, and live ask me anything (AMA). Our content reaches hundreds of thousands of global investors who are active in the BSC DeFi space.
BSC NEWS is a private news network. All posts posted by this user belong 100% to bsc.news All rights are reserved to BSC NEWS for more information about BSC NEWS contact BSC NEWS HERE.
