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 30, all QuipuSwap users can participate in yield farming within the Tezos ecosystem and earn rewards in QUIPU tokens.
QuipuSwap farms will launch with QUIPU and QUIPU/TEZ staking. Farms with other tokens will be added shortly.
The QUIPU token is used in QuipuSwap AMM governance and as a means of payment for QuipuSwap’s future services.
After the launch of the cross-chain bridge, on which the MadFish and Allbridge teams are working together, cross-chain farming will also become available to QuipuSwap users.
QUIPU has a total fixed supply of 10 000 000 tokens, and full distribution was initially planned to be completed within four years.
Additionally, the team has developed token burning mechanics, one of which is a “Bakery Reward burning” program.
Bakery Reward burning implies that all baking rewards accumulated in Tez/Token farming pools will be swapped to QUIPU and burned (buyback & burn).
To protect QUIPU holders from inflation, farms start with small rewards and will consistently increase as the 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 dedicate to a farm, and stake them. The full review of QuipuSwap farms is available here.
MadFish Solutions is one of the main Tezos ecosystem companies that created the QuipuSwap AMM protocol, Temple Wallet, and the Yupana Finance lending protocol. Their products reach an audience of 200,000 users.
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