Halfway through September, we are launching a new farming pool: CUSD/BUSD. Liquidity providers are now able to stake their CUSD - BUSD LP tokens on BaryonFarm to earn extra rewards in terms of $C98, in addition to the pair trading fee.
The wait is over! It is about time!
CUSD Token Info
CUSD is a decentralized stablecoin that is fully collateralized by assets in reserve. In order to convert to 1 CUSD, a total of $1 worth of the collateralized assets must be sent into the CUSD Reserve smart contract. Specifically, in the initial phase, the collateral ratio to convert to 1 CUSD will be $1 worth of fiat-backed stablecoins - BUSD (on BNB Chain).
CUSD is the next building block in the Coin98 ecosystem - a fully-backed stablecoin that aims to become a cross-chain unit of account that fulfills the demand for cross-chain liquidity in DeFi.
More information: https://coin98.com/dollar
New Pool Metrics
- Pair: CUSD - BUSD
- Total rewards: 25,000 C98
- Tentative duration: one month from 20h00 (UTC+7) Sept 19 to 20h00 (UTC+7) Oct 19
To participate in this campaign, please firstly provide liquidity for the pair CUSD - BUSD on Liquidity. Then go to the BaryonFarm page and search for “CUSD”; you’ll see the farming pool below, where you can stake your CUSD/BUSD LP tokens.
Check out the detailed guide: How to farm on Baryon Network
We believe this is one of the cornerstones allowing Baryon to become a revolutionary yield farming primitive that will give users greater value and opportunities. Prepare for an explosion in BaryonFarm on its way to realizing its mission: attracting liquidity providers while accelerating liquidity bootstrapping and encouraging promising projects to be built on top of the BNB Smart Chain.
Let's add liquidity and farm now: https://www.baryon.network/farm
Coin98 Labs is a DeFi product builder focusing on creating and developing an ecosystem of DeFi protocols, Web3 applications, and NFTs on multiple blockchains. Our mission is to fulfill untapped demand and enhance in-demand utilities in the DeFi space, helping people to access DeFi services effortlessly. The Coin98 universe is now consolidating Coin98 Super App, Coin98 Exchange, Coin98 SpaceGate (cross-chain bridge), Saros Finance (A DeFi Super-Network on Solana), and many more incubating initiatives.
About Baryon Network
Incubated by Coin98 Labs, Baryon Network is a BNB Chain-based Premier Suite of DeFi Products containing three fundamental building blocks: BaryonSwap (AMM), BaryonFarm, and BaryonStake.
Any of the projects, platforms, or cryptocurrencies referenced in this blog article are not endorsed or promoted by Baryon Network. Any information provided is given only for informational purposes. Baryon is not liable for any financial losses or other damages incurred from utilizing the initiatives mentioned above, platforms, or cryptocurrencies.