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Start ASH rewards for APUSDC/USDC Farm #23

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phanletrunghieu opened this issue Feb 21, 2024 · 0 comments
Open

Start ASH rewards for APUSDC/USDC Farm #23

phanletrunghieu opened this issue Feb 21, 2024 · 0 comments

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@phanletrunghieu
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Summary

AshPerp is a decentralized perpetual trading platform on the MultiversX network developed as a DeFi module alongside AshSwap. It offers high-leverage trading (up to 100x), supports various asset pairs, and aims to meet the demand for decentralized futures trading on MultiversX.

Participants who contribute capital to AshPerp's Perpetual Vault are compensated with apUSDC tokens. These tokens are designed to accumulate value progressively by integrating the profits and losses of the trading activities.

Motivation

The creation of a liquidity pool pairing apUSDC with USDC presents multiple benefits:

  • It grants stakers immediate liquidity by allowing them to convert apUSDC back to USDC at will.
  • It introduces the possibility of earning extra yield through liquidity provider (LP) farming, incentivized by the distribution of $ASH rewards.
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