Peanut partners with SakeSwap to launch liquidity mining program with 150% APY.
02 Jun 2021, 10:00
Peanut partners with SakeSwap to launch liquidity mining program with 150% APY
We are excited to announce a new liquidity mining program together with SakeSwap team.
What is SakeSwap?
SakeSwap is the first DEX that shares arbitrage profits with liquidity providers to maximise rewards.
Instead of arbitrators acquiring all the slippage in Uniswap, liquidity providers in SakeSwap are enabled to capture profits otherwise captured by arbitrageurs with virtual trading curves. In the case of spatial arbitrage, the AMM collects 50 % slippage capacity from arbitrage traders. As a result, the other 50 % will be shared among liquidity providers. The 50 % slippage capacity for liquidity providers can enlarge LPs’ income up to ～200 % compared to transaction fee as income.
Stake NUX-ETH and get up to 150% APY in native SakeSwap token rewards.
https://app.sakeswap.finance/#/liquidity-offering