PolkaEx cooperates with JPYC to launch the USDC-JPYC LP with farming live now!!!
Today, we are excited to announce our partnership with JPYC, a stablecoin pegged to Yen. In addition, we have launched the USDC-JPYC LP farming pool at 12:00 on November 9 UTC!!
Overview
By staking SDN-JPYC and USDC-JPYC LP tokens, liquidity providers earn yield by receiving $PKEX tokens as rewards.
- APR/APY: Dynamic.
- $PKEX Reward: 10,000 PKEX per month for each pool.
- NO Lock-up period and no minimum time to stake: You can withdraw your LP tokens and reward at any time.
How to Participate and Start Earning $PKEX?
- If you need to move your assets from Ethereum to Shiden, use the Anyswap bridge to move your assets to Shiden Network. You can follow the link to see how to move assets to Shiden Network.
- Switch your wallet to Shiden Network, then add liquidity on https://app.polkaex.io/add . After a successful liquidity addition, you will receive LP tokens. (JPYC Shiden Token Contract Address: 0x735abe48e8782948a37c7765ecb76b98cde97b0f)
- Once you get the LP tokens in your wallet, deposit them on the SDN-JPYC or USDC-JPYC LP pool depending on the pool pair to deposited to and start earning rewards.
- Users who do not have JPYC can get some from the following DEXs: SushiSwap , Uniswap and use the AnySwap bridge to move their JPYC to Shiden Network
- Click on the link for details on more features of PolkaEx.
About JPYC
JPYC, a stablecoin pegged to the Yen, is a necessary partner in the Shiden Network ecosystem. It is a Prepaid Payment Instrument and basically 1 JPYC is equal to 1 Yen. JPYC is a mintable ERC20 token that operates in the mainnet of Ethereum, Polygon, xDai, Shiden Network.
More detail: JPYCoin (JPYC) WhitePaper, JYPC Apps.
About PolkaEx
PolkaEx is a cross-chain DeFi suite consisting of a Decentralized Exchange, a Launchpad, Liquidity mining, and NFT usecases. Our main chain of focus is Astar and by combining a Launchpad with a Decentralized exchange we believe this can open the door for legitimate projects seeking to raise funds and list on a Decentralized exchange on Shiden to do so in a decentralized, low fee and developer-friendly environment. Our Launchpad is live on both Ethereum and Shiden Network.
Our Dex has also been launched on Shiden Network with Staking and Liquidity mining. Shiden Network provides PolkaEx and the DeFi community as a whole a Layer 2 scaling solution which is beneficial in terms of transaction fees and speed. To summarize, while we make it possible for community members and investors to invest in early ideas and projects, we provide projects with a Decentralized exchange to list their tokens on Shiden Network.
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