SaucerSwap is LIVE and gives HBARX holders the opportunity to maximize their returns. Here are some of the ways of achieving maximized yields –
If you haven’t staked HBAR — Earn staking rewards by staking with Stader
- Staking Rewards — First come first, when you first stake your HBAR with Stader, you will earn an ~27 % APY (as of this date) as staking rewards in the form of reward-bearing liquid HBARX tokens (HBARX<>HBAR exchange rate keeps on increasing as rewards get accumulated over time).
If you have staked HBAR already and are holding HBARX-Earn further rewards (listed below) by starting with providing liquidity on HBARX-based pools on SaucerSwap.
- Swap Fees — The incentive for liquidity provision arises in part from the 0.30% swap fee on SaucerSwap. 5/6 of this fee (0.25%) is aggregated and distributed back to liquidity providers pro-rata based on the amount of LP tokens they hold.
- Farming Rewards — Users can leverage yield farming on SaucerSwap by staking their LP tokens in crop circles. Each crop circle on the protocol corresponds to a liquidity pool and receives a weight of SAUCE emissions from the farm smart contract. The emissions rate is constant and 800M SAUCE will be released over a 3-year period.
- Single-Sided Staking — This requires only one type of token. By staking SAUCE in the Infinity Pool, a user immediately receives SAUCEr tokens as a receipt of the liquidity they provided. The Infinity Pool then automatically compounds via SAUCE buybacks. Similar to Stader, the ratio of SAUCE to SAUCEr is constantly increasing, thus SAUCEr is perpetually increasing in value relative to SAUCE. Note — There is no risk of impermanent loss within single-stake pools.
- Community Pools — Once a project has completed its IDO on HeadStarter’s launchpad, it can be fast-tracked onto SaucerSwap with a community pool. Upon the proposal reaching a passing vote, the HTS project will be listed on the platform and shall emit its token to a community pool. Users who have staked SAUCE for SAUCEr can then stake SAUCEr in these pools to receive both SAUCE and the HTS token for multiple streams of income.
Learn more about SaucerSwap here.
Be a part of the #DeFi revolution on Hedera (Hedera Team).
Start by staking HBAR with Stader here
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