Access new yield farming pools on Bitrue with up to 90% annual return percentage in rewards. The new pools will support coins like Cardano’s ADA, Binance’s BNB, and PancakeSwap’s CAKE. Pools go live May 24 at 13:00 UTC.
Launched back in 2018, Bitrue is currently one of the leading crypto exchanges in the market, which is characterized by various DeFi services. The exchange’s portfolio of services includes lending, investing, trading, and so on. Additionally, Bitrue has a sophisticated platform that makes DeFi opportunities accessible to cults around the world.
To that end, Bitrue has expanded its yield farming portfolio to include some of the widely used currencies in DeFi. Users can now access yield farming pools using Binance’s BNB, Cardano’s ADA, and PancakeSwap’s CAKE token. What’s even more exciting, the pools can generate up to a 90% annual percentage return for said tokens.
For those looking to hold these cryptos for the long-term, Bitrue yield farming pools would be the way to increase their holdings. The yield farming pools are high-risk, high-reward profit opportunities used in DeFi. The pool win varies depending on the pool selected.
The exchange has announced nine new yield farming pools, each with 3 tokens assigned. Here is the list of new pools added by Bitrue.
ADA Pools: –
- ADA investment for 30 and 60 days lockup with 7% and 7.5% APY respectively. It comes with a cap of 10,000,000 tokens and rewards received in ADA tokens.
- ADA investment for 30 and 60 days lockup with 7.5% and 8% APY respectively. It comes with a cap of 10,000,000 tokens and rewards distributed as BMAX tokens.
- ADA investment for a 90 day lock-up period at 20% APY. It comes with a 200,000 cap and offers BMAX rewards.
BNB pools:-
- BNB facility for 30 and 60 days lockup with 5.5% and 6% APY respectively. It comes with a cap of 20,000 tokens and rewards received in BNB tokens.
- BNB facility for 30 and 60 days lockup with 6.5% and 6.5% APY respectively. It comes with a cap of 20,000 tokens and rewards distributed as BMAX tokens.
- BNB investment for a lock-up period of 90 days with 20% APY. It comes with a 500 token cap and offers BMAX rewards.
CAKE Pools:-
- CAKE investment for 30 and 60 days lockup with 24% and 25% APY respectively. It comes with a cap of 1,000,000 tokens and rewards received in CAKE tokens.
- CAKE investment for 30 and 60 days lockup with 25% and 26% APY respectively. It comes with a cap of 1,000,000 tokens and rewards distributed in BMAX tokens
- CAKE investment for a 90 day lock-up period at 90% APY. The pool is capped at 5000 tokens and the rewards are offered in BMAX.
The BMAX pools will go live at the same time as the regular pools and users will need to make their payment as soon as they go live to ensure proper lockdown. The exchange will soon list more pools as per community expectations.
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