YIN Finance Partners with DODO to Offer Joint Liquidity Mining Program
Users will be able to stake USDC/USDT and YIN/USDC to earn $YIN and $DODO tokens
YIN Finance is excited to announce its recent partnership with DODO, a decentralized trading protocol for Web3, to provide a joint liquidity mining program for YIN Finance users.
Over the course of the one month that our joint liquidity mining program will run, we’ll be giving out $10,000 worth of $DODO and $YIN every day. We’re excited to partner with DODO to make this possible, and we know you’re excited as well. Here are the details:
Joint Liquidity Mining Program Details:
- Network: Binance Smart Chain
- Incentive Period: 1 month
- Rewards: $DODO + $YIN + LP Fees
- Boost option: Users can choose to stake $vYIN on YIN Finance platform to boost APR up to 2x.
You can check out this article to learn more about $vYIN and how to obtain it.
Liquidity Pools: - USDC/USDT
- YIN/USDC
For YIN/USDC, single-sided token provision is supported. For example, users will be able to only provide $YIN tokens if they so choose. The smart contract automatically will swap part of the $YIN into USDC.
Liquidity Pool — Incentive Per Block:
USDC/USDT — 0.06 $DODO, 0.18 $YIN
YIN/USDC — 0.06 $DODO, 0.18 $YIN
Incentive Budget (Divided evenly into all pools)
We’re thrilled to be able to offer our users even more ways to earn both $YIN, as well as $DODO. Here’s some information about both tokens:
$YIN is the native platform token of YIN Finance and serves as a governance token. YIN token holders can also stake their $YIN to earn revenue from the YIN ecosystem and earn redemption fees.
$DODO is the governance and incentive token for the DODO platform. $DODO tokens have two new utilities for holders: Crowdpooling and IDO allocations and trading fee discounts on DODO. More information about $DODO can be found here.
Key Dates:
The pools will open on February 21, 2022, at 12 p.m. UTC and close after one month. Once the pools open, users can staking liquidity here.
If this all seems a little confusing, don’t worry — a step-by-step guide will be provided on the start date of the program so you can ensure that everything goes smoothly.
About DODO
DODO is a DeFi protocol and on-chain liquidity provider whose unique proactive market maker (PMM) algorithm aims to offer better liquidity and price stability than automated market makers (AMM). DODO also caters to new crypto projects with a free ICO listing through its Initial DODO Offering (IDO) which requires issuers to only deposit their own tokens.
DODO’s smart contract operates as an ERC20 token on the Ethereum network.
Twitter | Reddit | Discord | Telegram | Medium
About YIN Finance
YIN Finance is a multi-strategy NFT liquidity management platform that allows users to subscribe to the project’s various strategies to achieve effective high-yield liquidity management. YIN Finance aims to provide proactive liquidity management services on different public chains and decentralized exchanges. Currently, YIN Finance is deployed on Ethereum and Polygon, and will be deployed on BSC and Solana soon.
Follow YIN Finance on social media to stay updated about all upcoming events and announcements.
Website | Telegram | Discord | Medium | Twitter
