An elastic dual token on Crox dual farming
It has been a tremendous partnership between Croxswap and Centric for the last one month. We all know that Centric migrated to Binance Smartchain couple months ago from Tron Network. This has opened doors for it’s community to make use of their holdings in a better way. It also created a new use case for CentricRise (CNR) by joining Croxswap family. We have some interesting insights to share regarding this partnership.
🌾With our Yield Farming-as- a-service Centric holders were able to provide CNS-BNB liquidity to earn stunning dual rewards $CNR + $CROX from our dual farms. This helped centric to gain ample liquidity for trading on Pancakeswap with less price impact. At the same time Croxswap acquired new investors from centric community. It’s a win-win deal for everyone.
It did not stop there. There is more than just one liquidity pool. We have created a full earning cycle for CNS <>CROX<>CNR<> CROX in our eco-system. Initial idea was to gain liquidity for CNS token but later it turned out to be an amazing passive income strategy for CNR and CROX holders. We have some tips to share with you. These tips might help you in making passive income while holding CNR and CROX tokens.
Maximize your CNS,CNR and CROX holdings explained…
1. Provide CNS-BNB liquidity and earn massive trade fees APR from Pancakeswap DEX. This APR is automatically added to your LP and it is available when you remove liquidity.
(Add liquidity 👉 https://bit.ly/3jh7AWs)
2. Stake your CNS-BNB LP in Crox dual farms to earn $CROX + $CNR rewards while earning the trade fees as mentioned in #1. This way your are making an additional income in the form of CROX and CNR rewards.
(Stake in dual-farm 👉 https://bit.ly/3pkdmKG)
3. Now you have CROX and CNR earned from #2. You can stake CROX in a single token pool to earn more CNR.
(Stake CROX 👉 https://bit.ly/3aWXMwc)
4. Similarly, your earned CNR from #2 can be used to stake and earn more CROX.
(Stake CNR 👉 https://bit.ly/2XyFfmY)
5. This way you keep compounding your earnings every day to achieve highest APY%.
It is still an unfinished business :)
6. Now you have earned even more CROX from CNS-BNB farm and CNR pool. CROX is a utility token where you can stake CROX and earn other new tokens for free. Who knows you might end up earning a Gem for free by staking CROX.
( Earn other tokens 👉 https://bit.ly/3aWXMwc)
👨🏫Check out below explanation:
1. CNS-BNB liquidity pool current APR is ~495% for providing liquidity which is absolutely stunning
2. CNS-BNB dual farm current APR is ~330% in the form of CROX + CNR rewards
3. Stake CNR, Earn CROX APR is ~10%
4. Stake CROX, Earn CNR APR is ~ 270%
💸In last 30days CNS & CNR pools contributed around $800,000 to the TVL (Total Value Locked) of $1.9M at the time of writing.
🚜Crox dual-farms generated around $200,000 liquidity for CNS-BNB pair on pancakeswap
🔥Stake CROX, Earn CNR pool alone holds $105,000 liquidity of CROX tokens.
What is Centric?
Centric is an innovative dual-token digital currency and decentralized blockchain protocol built on sound economics. The dual-token model include Centric Rise (CNR) and Centric Swap (CNS). CNR trades at a fixed price and has hourly growth, while the CNS price is set by the market.
Centric official links:
🌐Centric Website: https://www.centric.com/
🔄Centric Swap : https://www.centricswap.com/
💬Telegram Group: https://t.me/centricchat
What is CroxSwap?
CroxSwap is a fully decentralized next-generation yield farming protocol which offers dual rewards for staking and farming. CroxSwap’s cross-chain bridge (in progress) will be the cheaper & faster service to transfer your assets across networks without any hassle.
Farming-as-a-Service: CroxSwap is trying to solve the missing piece of a puzzle in DeFi by providing the liquidity creation service for everyone. With farming as a service, we offer liquidity mining to all BSC projects regardless of their LP type. Our flexible protocol supports current and upcoming projects that are looking to gain liquidity without any extra cost.
Staking-as-a-service: If you are a project with a use-case different from yield farming and staking but would like to provide a staking pool for your holders, CroxSwap is the place to go. We offer no fees staking pools that can be deployed in minutes and make them available for your community. It doesn’t involve any cost to you other than providing rewards to the liquidity providers.
Dual Rewards in farming: Our innovation in yield farming provides an opportunity to earn two tokens as rewards by providing liquidity. This helps in recovering the impermanent loss faster than regular yield farms. High APR yield generated from dual-farms encourage more investors to provide liquidity which is a win-win deal for both project owners and liquidity providers.
Our farming and staking as a service is designed to help other projects to launch their liquidity farms & pools to reduce their development cost, maintenance and save time.
$CROX Token — A utility token: Our next-generation staking pools allows you to earn new tokens by staking $CROX. It has an anti-whale feature where users can stake only a certain limit(at the time of this writing it is 8000 CROX per wallet) to earn other project tokens. This helps in circulating more tokens to multiple holders than giving them away to one big whale.
🌉Faster, secure, and cheaper cross-chain bridge protocol with cross-network staking pools & liquidity mining services. Our bridge will support all ERC20 tokens and EVM based chains.
🛠️ DIY (Do It Yourself) create your own pool UI for project owners to launch their own pools with hassle free deployment.
💱 Autonomous DEX with unique features that fills the gaps in existing DeFi space.
🚜Yield Farming: https://app.croxswap.com
💰Next-Gen Pools : https://app.croxswap.com/pools/nextgen
🧑🤝🧑Refer & Earn: https://referral.croxswap.com/