DES Staking Now Live On Binance Smart Chain!
The voyage into DeSpace continues to accelerate with the launch of Binance Smart Chain staking! Users with DES on BSC now have the ability to stake both single-asset DES, as well as PancakeSwap LP tokens!
LP staking pair: $DES/$BUSD
In order to add liquidity, users need to go to PankcakeSwap and add equivalent amounts of DES and BUSD.
📍 Liquidity providers play an essential role in ensuring the health of a token. Sufficient liquidity means traders and investors can easily buy tokens without experiencing significant slippage, and those providing liquidity can earn rewards from these transactions.
Staking rewards
🚀 Staking rewards have been set, with LP token stakers receiving a huge initial APY of 888%! Check out our staking guide to learn how to both add liquidity and stake LP tokens on DeSpace!
🚀 DES single-asset stakers currently have the choice of two separate pools, with different APYs and rules.
- The first pool earns an incredible 45% APY! It has a 48 hour minimum token lockup, and to add more tokens after you begin staking you first need to unstake before restaking.
- The second pool earns a tasty 25% APY, with no minimum lockup! Users can also add to their staked total an unlimited number of times without first unstaking.
✨ Visit our website to start your staking journey!
Remember, APY is always subject to change — check the pools on the dApp for the latest figures.
To learn more about the DeSpace staking dApp and how to stake, please read our staking guide here.
The DeSpace Team 🚀
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