TimechainSwap Unveils Yield Farming and Liquidity Pools on Its DEX

TimechainSwap, a decentralized exchange (DEX) aggregator across the leading smart contract platforms such as Binance Smart Chain, Ethereum, and Fantom today announced the launch of yield farming and liquidity protocols on the platform.

Farming and Liquidity Pools Live on TimechainSwap

Timechain, a DEX aggregator and permissionless lending and borrowing protocol today launched Automated Market Maker (AMM) liquidity pools, yield farming, and staking functionality on its TimechainSwap DEX.

For the uninitiated, TimechainSwap is a leading DEX aggregator across the Fantom, Binance Smart Chain, and Ethereum ecosystems. TimechainSwap essentially connects a wide variety of DEXs into a single platform.

Notably, TimechainSwap is also a DEX platform and has recently added a swathe of DeFi features such as liquidity pools, support for its native TCS token, and a mechanism to promote other tokens that wish to benefit from the protocol’s infrastructure.

DeFi enthusiasts understand the significance of liquidity provision, yield farming, and staking for any DEX. These features enable the DEX’s users to generate passive income for safeguarding the network and validating the protocol’s transactions.

Importantly, the newly launched liquidity pools on TimechainSwap will incentivize users to provide liquidity to the DEX. In return, liquidity providers (LPs) will be rewarded with fees generated by trades on the platform.

In addition, LPs will also receive LP tokens that can be deposited into farming pools to generate additional returns. The DEX applies a fee of 0.3 percent to each trade out of which 0.2 percent is returned to LPs while the remaining 0.1 percent goes to Timechain’s TCS Buyback program.

Besides, users can add liquidity to available pools by providing the equal value of the two tokens within the pair and, in turn, receive LP tokens that represent their share of the liquidity pool. Notably, the LP tokens earn fees proportional to each user’s share of the pool and can be redeemed at any time.

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