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

Timechain’s decentralized financial ecosystem announced that it launched new features to the DEX, its decentralized currency (DEX), on Monday. This brings the Decentralized Finance (DeFi) world to its users. DeFi’s new features include decentralized finance, such as staking and liquidity pools. They also allow for yield farming and permissionless borrowing and lending. You will also have the ability to trade thousands of cryptos on different blockchains such as assets on Binance Smart Chain or Ethereum.

DeFi has seen an exponential increase in its value since the beginning of 2020 as new developers have introduced ways to help users make capital work. The industry exploded in 2021 when Layer 1 solutions like Solana, Fantom and Polygon were created on Etherum. This greatly reduced transaction costs and time.

DeFi Pulse data indicates that DeFi’s total lock value (TVL), rose from $10.5 million in January 2020, to an all-time high of $112,000,000 in November 2021. That is almost 10X more growth in just a short time. The rise of Automated Market Makers, also known as AMMs, is one of DeFi’s key applications in supporting this enormous growth. These token holders and investors can use their tokens for liquidity and returns, and to increase the demand for native token exchanges.

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 offer liquidity for the platform and support $TCS as its native utility token. They also promote tokens that can leverage it’s 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.

In order to increase liquidity in liquidity pools users must provide equal values of each pair of tokens. To illustrate, if you are in the TCS/FTM Pool, then you need to supply 50% of TCS and 50% of FTM. 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. TCS/FTM is available at launch.

To earn $TCS additional rewards, these LP-tokens can be deposited to yield liquidity farmers.  Liquidity farms were created to encourage users to offer liquidity to TimechainSwap to offset any risk of permanent loss. The rewards will be available to users at any moment.

With the DeFi ecosystem revolutionizing finance, the platforms are constantly innovating in order to provide liquidity and rates that users can rely on. The timechain swap feature will allow users to put their $TCS into a $TCS single asset stake pool (SSP) in order to earn $xTCS over the course of time. By staking rewards, you can earn rewards

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