Yield farming is live on Bitcoin․com’s Verse DEX with ~80% APY – Press release Bitcoin News

press release

Bitcoin.com is excited to announce that Verse Farms are live on the Verse DEX. Anyone can now deposit select Liquidity Pool (LP) tokens into Verse Farms to earn additional rewards on top of the trading fees already earned for providing liquidity.

The first Verse Farm is for the VERSE/ETH pool with a starting APY of ~80%. More Farms will be added soon.

“Yield farming for VERSE tokens helps grow liquidity on the Verse DEX, which improves the trading experience on this important piece of decentralized infrastructure,” said Bitcoin.com CEO Dennis Jarvis. “This is a critical early step towards providing VERSE with broad utility in the Bitcoin.com ecosystem.”

VERSE, which launched in December 2022, is Bitcoin.com’s rewards and utility token. VERSE is fueling the growth and expansion of Bitcoin.com’s ecosystem, which includes over 37 million self-custody wallets created in its multi-chain DeFi-ready mobile app, the Bitcoin.com Wallet. The ecosystem also includes the award-winning Bitcoin.com News portal with over 2.5 million monthly readers.

The VERSE token’s utility will include unlocking rewards along tiers, method of payment in the Bitcoin.com ecosystem and beyond, access to exclusive platform services, and more. Ultimately VERSE will help expand access to decentralized finance, enabling more people to benefit from the economic freedom and democratized finance it unlocks.

Visit https://verse.bitcoin.com/farms to deposit LP tokens and start earning 80% APY.

VERSE tokens are utility tokens designed for use on Bitcoin.com. VERSE tokens are not shares, bonds, units in a collective investment scheme, securities, or other instruments commonly known as securities of any type. VERSE tokens are not being offered for sale to U.S. persons and are not available for purchase in the United States, Japan, or any other as may be specified by Bitcoin.com, from time to time.

Bitcoin.com

Since 2015, Bitcoin.com has been a global leader in introducing newcomers to crypto. Featuring accessible educational materials, timely and objective news, and intuitive self-custodial products, we make it easy for anyone to buy, spend, trade, invest, earn, and stay up-to-date on cryptocurrency and the future of finance.

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Source: https://news.bitcoin.com/yield-farming-is-live-on-bitcoin%E2%80%A4coms-verse-dex-with-80-apy/