2022 turned into a real challenge for the cryptocurrency industry as leading assets fell and massive projects and empires were destroyed. We all remember the collapse of Terra, the bankruptcy of Sam Bankman Fried’s companies, and the market chaos that followed.
However, despite the ongoing crypto winter, many experts and users are still bullish on Bitcoin, believing that the underlying technology behind cryptocurrencies will thrive and become an integral part of future economies.
Sentiment in the industry appears to be condensing into a widespread distrust of large centralized platforms and a belief that the current conditions are a storm that can be weathered. The question, however, is how best to navigate the current bear market.
With trust in centralized institutions at an all-time low, DeFi is a sector that has experienced something of a revival. Users who have been disappointed the failure of CEXs Purists and skeptics, always opposed to the conjugation of traditional finance with the technology originally introduced in response to its failure, have banded together to deliver on their promises.
Those who have taken the plunge into DeFi have found a burgeoning industry filled with both opportunity and risk. Additionally, careful navigators have found that the right DeFi projects represent the best places not only to sit out the current choppy waters of the market, but also to earn and make the most of the situation.
FlatQube offers a potential way forward
One of the DeFi ecosystems that has seen an influx of users recently has been the Everscale network. Everscale has established itself as one of Asia’s leading blockchains in recent years, largely due to its ability to scale to any required load and the impressive DeFi platforms that have been built around it.
One such platform is FlatQube, a DEX operated by the Broxus development team, which has been responsible for creating and deploying much of the Everscale ecosystem’s offerings. Aside from exchanging assets, users can take advantage of some of the numerous farming and staking opportunities on the platform highest effective annual interest rate in the industry.
Unlike Uniswap or other Ethereum-based DEXs, FlatQube operates on the Everscale network and benefits from its asynchronous execution, high throughput and fast finality.
The best features on FlatQube
stable pairs
Today, with the bear market conditions, the ongoing decline in investment prices and the collapse of the biggest players in the crypto industry, people are afraid to risk their fortunes. In this case, stablecoins, which are designed to maintain their price pegs regardless of what’s going on in the crypto market or the broader economy, will become a preferred safe haven among crypto users to protect their holdings from market volatility.
By entering a stable pair, users lose nothing and even get an opportunity to gradually earn and increase the profitability of their pools Voting on the DAO, For example. FlatQube offers users some of the highest APR rates – for the USDT-USDC pair, rates can range from 29% to 75% depending on DAO voting.
yield farming
FlatQube offers a unique yield farming and aggregation tool with an active development team working on new strategies to constantly bring higher yields to users.
FlatQube works as a DAO, so the management of the earning mechanisms on the platform has actually shifted to its users – liquidity providers and QUBE owner. Polling allows users not only to influence the governance of the network, but also to control the profitability of FlatQube farming.
Every two weeks, the DAO coordinates the awards paid out in QUBE, the platform’s native governance token, for the farming pools participating in the voting. The pool with the most votes will receive the highest awards in the next farming period.
If users don’t want to own a token to participate in the life of the community, they can increase their farming to maximize their income. By inserting LP tokens Agriculture, users can block them for any period up to two years. The longer users keep their tokens in the pool, the higher their APR. The maximum farming boost is 1.5x the nominal APR when LP tokens are locked for two years.
To allow users to visually see how boosted farming works, the FlatQube team developed the Farming Boost Calculator. It is an interface built into FlatQube that allows users to assess potential agricultural gains in an understandable way.
Use the Farming Boost Calculator
- You can use Farming Boost Calculator here!
STEVER
Deploying with Depools allows users to get the most out of a pool’s APR. However, profitability changes depending on the level of liquidity and the number of users staking. Prices fluctuate daily and depending on how long you lock up your tokens, you could end up getting a lot less back than you initially thought. stEVER tokens drastically reduce this risk with the help of a balancer mechanism.
It is designed to keep the APR as high as possible. For this purpose, the balancer manages the distribution of shares between the depooling contracts. It ensures that the laps are not overloaded and the pools operate at peak efficiency.
Liquid staking is a new income method for EVER token holders. With this, you no longer have to lock tokens for a certain period of time in order to receive rewards. If you choose the liquid staking option, you can do both at the same time.
Stake EVER, get stEVER (staked EVER) tokens and participate in DeFi to generate additional returns or EVER DAO to vote on proposals.
npools
In addition to the typical two-token pools, FlatQube also offers N pools. They can hold three or even more tokens, allowing users to collect all of their liquidity in one pool. This makes selecting an investment pool easier while reducing the slippage rate.
safety first
The key to all this work is that everything is user controlled; Users choose the length of time their assets are locked in farming pools and have control over platform governance.
Farming on FlatQube is available in user wallets, meaning there is no need to hand assets over to a third party and no one needs to take a leap of faith in participating, which has proved crucial in light of recent events.
Of course, FlatQube isn’t the only platform currently offering beneficial farming opportunities, but its model has garnered attention, especially now, as a potential way forward out of the dark forest the industry finds itself in.
The current crisis of faith is likely to fundamentally reshape the cryptocurrency space. However, if it is to have a sustainable future, it must redeem what got people into it in the first place, which is its potential as a vehicle for economic reform.
Links:
Website | Twitter | discord | Telegram | Medium | GitHub
Disclaimer
All information contained on our website is published to the best of our knowledge and for general information purposes only. Any actions taken by the reader based on the information contained on our website are entirely at your own risk.
Learn Crypto Trading, Yield Farms, Income strategies and more at CrytoAnswers
https://nov.link/cryptoanswers
Comments are closed.