AscendEX, a leading cryptocurrency trading platform, is excited to celebrate Polygon (Curve) yield farming on its staking portal by providing an elevated annual share fee for active members. For a limited time, AscendEX users will earn additional returns while yielding farming with Polygon for any accounts under $10,000 worth of USD Coin (USDC).
AscendEX initially introduced the launch of yield farming with the Polygon stablecoin in July. Beginning this week, users can deposit their USDC into Polygon decentralized finance yield farming and obtain curiosity paid in USDC, Polygon (MATIC) and Curve DAO (CRV), incomes an annual percentage yield of as much as 20% with a 10% bonus from Sept. 1 to 7. In addition, by farming on AscendEX, users enjoy the benefits of zero gas fees and seamless farming expertise by providing an easy “one-click” solution.
Yield farming explained
Yield farming generally is a resource-intensive course of the place a consumer allocates capital to a supported DeFi protocol and is rewarded for their liquidity contribution. The rewards are granted to the user in various tokens, relying on the working DeFi protocols.
Right now, one of the best ways to participate in yield farming is through AscendEX. The AscendEX staff handles all back-end integration and removes the technical hurdles associated with DeFi protocols, allowing customers to simply click and farm using high-quality tokens and enjoy a well-timed yield distribution mechanism with no predetermined lock-up interval.
Polygon and the Ethereum blockchain
Most current DeFi applications, together with Polygon’s, are built on Ethereum, the world’s second-largest digital asset blockchain. Ethereum is exclusive as a result of its blockchain makes it easier to create different decentralized applications past easy transactions.
Polygon and DeFi yield farming
Polygon is a protocol and a framework for constructing and connecting Ethereum-compatible blockchain networks. Aggregating scalable options and supporting a multichain Ethereum ecosystem, Polygon combines the very best of Ethereum and sovereign blockchains right into a full-fledged multichain system.
Polygon solves ache factors related to blockchains resembling excessive fuel charges and gradual speeds without sacrificing safety. In celebration of the Polygon challenge, AscendEX customers will now be capable of taking part in Polygon DeFi yield farming with as much as a 30% APR from Sept. 1 to 7.
Customers can begin yield farming Polygon here.