• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
  • Spin & WinTry
No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
  • Spin & WinTry
No Result
View All Result
NewsBTC
No Result
View All Result
timechain
Nexo Logo

Timechain DEX Introduces Liquidity Pools & Farming Features on Its Automated Market Maker (AMM)

NewsBTC by NewsBTC
4 months ago
in Company News
Reading Time: 2 mins read
Advertisement

Decentralized financial ecosystem, Timechain announced the launch of new features to its decentralized exchange (DEX), this Monday, bringing the world of decentralized finance (DeFi) to its users. The new DeFi features include staking, liquidity pools, yield farming, and permissionless lending and borrowing. Additionally, users will be able to swap thousands of cryptocurrencies on multiple blockchains including assets on Binance Smart Chain, Ethereum, and Fantom ecosystems.

Since the start of 2020, the DeFi ecosystem has soared exponentially in value as developers introduced new ways for users to make their capital work. In 2021, the industry further blossomed as Layer 1 scalability solutions such as Solana and Layer 2 solutions including Polygon, Fantom, and Avalanche were built on Etherum, reducing the gas costs and transaction times greatly.

According to DeFi Pulse data, the total locked value (TVL) DeFi ecosystem has grown from $10.5 billion in January 2020 to a high of $112 billion in November 2021, representing almost 10X growth during the period. One of the leading applications of DeFi supporting the gargantuan growth is the rise of automated market makers, or AMMs. They allow investors and token holders to use their tokens to provide liquidity, earn returns and concurrently increase demand for the native token exchange.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

The latest upgrades on Timechain’s DEX are set to improve the efficiency of its AMM while offering an industry-spread aggregator to enable users to find the best and cheapest swapping routes across all integrated platforms. As mentioned above, the DEX also introduced AMM liquidity pools, staking functionalities, peer-to-peer lending & borrowing services, and yield farming. These services provide liquidity to the platform, support its native utility token, $TCS, and promote other tokens that wish to leverage its infrastructure.

Timechain’s new liquidity pools will also offer users who stake on the platform rewards, paid out in $TCS, from the fees generated by trades on the platform. The base trading fee of 0.3% will be applied to each trade, with 0.2% returned to liquidity providers and 0.1% going to Timechain’s TCS Buyback program.

To add liquidity to the liquidity pools, users will need to provide an equal value of the two tokens within the pair, for instance, on the TCS/FTM pool, you will need to provide 50% TCS and 50% FTM, of the value you have. You’ll then receive LP tokens that represent your share of the pool, These LP tokens then generate rewards, proportionally to the trade fees generated. Available liquidity pools at launch include TCS/FTM, TCS/USDC, TCS/DAI, FTM/USDC and FTM/DAI.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

Furthermore, these LP tokens can also be deposited on yield liquidity farms to earn additional rewards in $TCS.  The liquidity farms are designed to incentivize users to provide liquidity to TimechainSwap and offset the risk of impermanent loss. Users will be able to harvest their rewards at any time.

Finally, with the DeFi ecosystem revolutionizing the finance industry, platforms in the industry are continuously innovating to give users the best possible rates and utility for providing liquidity. Timechain swap staking feature, will give users a way to stake their $TCS into the $TCS single asset staking pool (SSP) and earn $xTCS rewards over time. This means you will earn rewards by staking your rewards!

Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
NewsBTC

NewsBTC

Related Posts

Sneakmart Brings Its Web3-oriented Metakicks NFTs To Market In June 2022

Sneakmart Brings Its Web3-oriented Metakicks NFTs To Market In June 2022

1 day ago
The Evolution of Gaming and Its Integration into the Crypto Universe

The Evolution of Gaming and Its Integration into the Crypto Universe

1 day ago
Unizen Grows Its CeDeFi Exchange, Adding ZCX/USDT Trading Pair Into The Mix

Unizen Grows Its CeDeFi Exchange, Adding ZCX/USDT Trading Pair Into The Mix

2 days ago
How Web 3.0 Can Help YouTube Content Creators

How Web 3.0 Can Help YouTube Content Creators

2 days ago
Taki Enters The Indian Market with First of its Kind Engage-to-Earn Crypto Economy

Taki Enters The Indian Market with First of its Kind Engage-to-Earn Crypto Economy

2 days ago
Amidst the Mounting Risks to Bridge Security, A New Non-custodial Liquidity Bridge Focuses on Decentralization

Amidst the Mounting Risks to Bridge Security, A New Non-custodial Liquidity Bridge Focuses on Decentralization

3 days ago

Premium Partners

Top Brokers

PrimeXBT

PrimeXBT

Review · Visit

Top Casinos

BitStarz

BitStarz

Review · Visit
7BitCasino

7BitCasino

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Wildcoins Casino

Wildcoins Casino

Review · Visit
CryptoSlots

CryptoSlots

Review · Visit
mBit

mBit

Review · Visit
CryptoGames

CryptoGames

Review · Visit
Bspin

Bspin

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit

Can Gnox (GNOX) become a crypto giant like Cardano (ADA)?

May 19, 2022

Terra (LUNA) and Binance (BNB) Experienced a Terrible Week While Presale Crypto Chronoly (CRNO) Is Flying High

May 19, 2022

3 Years, 6 Lamborghinis: FreeBitco.in’s “Biggest Giveaway in Crypto” Continues Its Legacy

May 19, 2022

SFUND To Be Listed On The Leading Global Crypto Exchange Huobi Global

May 19, 2022

Diversify your crypto portfolio with Pac-Man Frog (PAC), Monero (XMR), and Aave (AAVE)

May 19, 2022

ABOUT US

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

COMPANY

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

LINKS

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

© 2021 NewsBTC. All Rights Reserved.

  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play Games
  • Bet & Win
  • Spin & Win

© 2021 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.