Don-key LP -Tier Integration live on 9/12
Don-key is excited to announce that the highly desired LP Tier integration is now officially live on Binance Smart Chain!
This will radically simplify Don-key staking and liquidity providing, finally bringing both under the same roof so that LP stakers can also enjoy Don-key accelerated rewards, referral rewards, and more, including NFT rewards, to be rolled out soon.
Each community member will now be able to add together their staked $DON as well as their LP paired $DON so that together they combine to qualify for tier membership.
Donald Donkey deposits 500 $DON via staking and gains access to Tier 1, giving him 10% extra APY. Next Donald deposits 2,000 $DON in LP tokens, which when combined with the initial 500 staked $DON total up to 2,500 $DON, which qualify for Tier 2’s 20% APY.
The magic of this is that DON-LP providers are now poised for maximal earning potential, winning both accelerated APY as well as LP rewards.
To celebrate the kickoff of LP integration, For the next four weeks, Don-key will double the LP APY reward rate on ERC and increase by 50% on BSC! So don’t delay!
The new pools will be active from 9/12 at 18:00 UTC time.
Introducing Max Cap for Accelerated Rewards
Don-key’s updated staking contract will also include implementing a maximum ceiling to Accelerated Rewards, so that each user can only earn 250k in extra APY paid out in $DON each year.
This decision was made to maintain the integrity of Accelerated Rewards as a system designed to benefit the community and not merely a few individuals.
The team anticipates that as the community grows, so too will the limit on Accelerated Rewards and other new and innovative reward incentives.
About Don-key Finance
Don-key.finance is building the first social trading platform for yield farming, bringing together liquidity providers and yield farmers alike. For this reason, the community refers to Don-key as the eToro of Yield Farming, which is a title the team embraces wholeheartedly.
The goal of the platform is to eliminate yield farming’s infamous complexity and replace it with a seamless retail experience, streamlined to offer the most profitable and adaptive product on the market.
With just one-click users can route their liquidity — in whichever token they chose — through professionally designed strategies that are updated to chase the highest available APY while minimizing risk.
Competitive Yield Farming is a full-time job; Don-key does it, so you don’t have to.