Timechain Launches Liquidity Pools and Farming on Its DEX: Details

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Timechain, an aggregator of decentralized exchanges on Binance Smart Chain, Fantom and Ethereum, unveils new liquidity programs

Contents

  • Timechain upgrades its DEX TimechainSwap
  • Here’s how to stake TCS in regulated DeFi

Timechain, a leading cross-chain aggregator of decentralized exchange instruments, announced the upgrade of its own DEX platform and staking pools launch. They will work with the most popular cryptocurrencies of all aggregated blockchains.

Timechain upgrades its DEX TimechainSwap

According to the official announcement shared by Timechain platform, well known as a high-performance aggregator for Ethereum, Binance Smart Chain and Fantom, its own DEX TimechainSwap goes live with extended functionality.

Namely, with the new update released, TimechainSwap DEX will support an Automated Market Maker (AMM), liquidity pools, yield farming and staking functionality.

The launch of liquidity pools also changes the fee structure of TimechainSwap. Now, each trade will be charged with a 0.3% fee, with 0.2% returned to liquidity providers and 0.1% transferred to Timechain’s TCS Buyback program.

As on other top-tier DeFi protocols, users can earn fees from providing their liquidity to TimechainSwap. Rewards will be distributed equally to the user’s share in the whole liquidity pool; rewards earned can be redeemed immediately.

Here’s how to stake TCS in regulated DeFi

Since the launch, five pools will be available for all traders: TCS/FTM, TCS/USDC, TCS/DAI, FTM/USDC and FTM/DAI. Initially, the yeld farming program will be supported with a 20,000 TCS bonus; APY-boost initiatives are also in the menu.

Holders of TCS, a platform’s native token, has one more opportunity to earn. They can stake TCS in a single-token liquidity pool SSP and earn TCS rewards periodically.

Timechain is a unique Web3 platform regulated by Canadian monetary authorities. It is also among a small cohort of crypto services with valid Money Services Business (MSB) licenses.

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