PRESS RELEASE. AscendEX, one of the leading cryptocurrency trading platforms, is excited to celebrate Polygon (Curve) Yield Farming on its staking portal by offering increased APR for active participants. For a limited time, AscendEX users will earn additional income while cultivating yield with Polygon for all accounts below 10,000 USDC.
AscendEX initially announced the launch of Yield Farming with Polygon stablecoin in July. Starting this week, users can deposit their USDC into Polygon DeFi Yield Farming and receive interest paid in USDC, MATIC, and CRV, earning up to 20% APY with a 10% bonus September 1-7! Additionally, by farming on AscendEX, users benefit from zero gasoline costs and a seamless farming experience by providing a simple “one-click” solution.
Yield farming explained:
Yield farming can be a resource-intensive process where a user allocates capital to a supported DeFi protocol and is rewarded for their cash contribution. The rewards are given to the user in the form of various tokens, depending on the operating DeFi protocols.
Right now, one of the easiest ways to get involved in yield farming is through AscendEX. The AscendEX team manages all backend integration and removes technical hurdles associated with DeFi protocols, allowing users to simply click and farm using high quality tokens and take advantage of a timely return distribution mechanism. without a predetermined lockout period.
Polygon and the Ethereum blockchain
Most of today’s DeFi applications, including those from Polygon, are based on Ethereum, the world’s second largest blockchain of digital assets. Ethereum is unique because its blockchain facilitates the creation of different decentralized applications beyond simple transactions.
Polygon and DeFi Yield Farming:
Polygon is a protocol and framework for creating and connecting blockchain networks compatible with Ethereum. Aggregating scalable solutions and supporting a multi-chain Ethereum ecosystem, Polygon combines the best of Ethereum and sovereign blockchains into a full-fledged multi-chain system.
Polygon solves problems associated with blockchains, such as high gas costs and slow speeds, without sacrificing security. To celebrate the Polygon project, AscendEX users will now be able to participate in Polygon DeFi Yield Farming with an APR of up to 30% from September 1-7.
Users can start Yield Farming Polygon HERE.
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