After my last article about the Spartan Protocol that can be found HERE, the Spartan Protocol development has not been idle. The Spartan Protocol is a community-driven project that implements a simple yet efficient decentralized autonomous organization (DAO). The developers are a significant part of the community members that help #buidl the project.
The first thing that can be noticed straight away when visiting the Spartan Protocol site is the new landing page. It freshens up the UI utilizing community member artwork. The DAO has also updated the information on the various parts of the protocol. They did an excellent job because the text is easy to understand and explains how to use the product.
The new "LP positions" page lets you look at your LP tokens' state and value, showing the initial value, current value, and additions or bonds. This addition makes it easy to track your investment. The user-friendly AI allows users to reallocate their funds seamlessly.
Liquidity providers are granted incentives and transaction fees from the protocol. The APY (annual percentage yield) is now shown next to each respective asset pool. The APY is calculated on the historical data of the pool; the shown APY can change! At the moment of writing, all pools will give an APY of at least 124% up to 293%
There currently are 15 tokens pools, supported tokens being:
To join these pools, you will have to pair the token with the native $SPARTA token to create an LP token and start earning the fees and incentives.
The $SPARTA token is already tradeable on centralized exchanges (CEX) such as Binance and MXC. Decentralized exchanges (DEX) like PancakeSwap, BakerySwap, and Spartans own AMM have liquidity for the token as well. There will be another CEX added to the list, of which you can trade the $SPARTA token. The Indonesia-based TOKO exchange is a leading exchange. It has also listed the token, and it is tradeable in one pair BNB/SPARTA.
The TOKO exchange is collaborating with Binance and the Indonesian government regulatory authorities, building strong relationships.
Synthetics and lending are still in full development, and the team is making progress. A few things we can expect in the future are synthetics. Synthetic assets are pegged to another asset, making leveraged trades or lending possible.
A final release date is not given, but the developers are working on the protocol daily. It is only a matter of time before the products will be released. The Spartan team and community members are working hard to give us a safe and working product.
Spartan Protocol has made some nice improvements to the UI and made clear information on their website with the community's help. The APY's on the Pools is solid. The $SPARTA token is implemented into the protocol's liquidity. The token also maintains the project's governance token, something that gives the token use case and will also give some buying pressure for the token. Once the synthetics and lending contracts go live, the Spartan Protocol will have combined many different aspects of the De-Fi landscape. They utilize the best parts of other prominent protocols such as UniSwap, Thorchain, Synthetix, MakerDAO, and Vader/Vether Protocol.
The great community that has helped out a lot on various parts of the project keeps on growing. The Spartan Protocol will be a player of magnitude once their synthetics and lending products go live. The $SPARTA token will be the oil in the protocols machinery. Through its governance function, holders will have to think carefully before voting on propositions.
This all tells me that the future should be bright for the Spartans.
Are you interested in more information? Check out Spartan Protocol's website and social media.
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MDEX is the decentralized exchange (DEX) platform built on Heco, the Huobi exchange blockchain. It is strategically positioned as the optimal choice for Eco-token transactions and the largest DeFi ecosystem with DEX, IMO, and DAO integration.
It is a decentralized exchange based on Automated Market Maker (AMM) technology on the HECO and Binance Smart Chain (BSC) with a tune of over $5 billion in total value locked. They aim to create cross-chain compatibility between leading chains to create a composite DEX ecosystem.
MDEX became the first project to integrate a dual mining mechanisms into its ecosystem. It utilizes a Liquidity and Transaction mining mechanism:
Liquidity Mining: Various liquidity pairs are available on its LP mining platform, including LP and single stakes. Currently, the platform holds one of the largest TVLs on the Heco chain. They offer a wide range of LP tokens available in the Heco ecosystem.
Its APYs are the largest on the Heco chain and quite competitive with other Dexes available in other chains. Users can start accessing the LP mining incentives and APYs by connecting to the pool.
Transaction Mining: MDEX is the first platform to integrate transaction mining which rewards users for transacting on the platform. By trading using the DEX, users get rewarded for all trade actions done on the DEX.
High APY revenue of transaction mining up till 26th Feb 2021 (source: mdex.com)
Decentralized Autonomous Organization (DAO): MDEX runs a DAO structure using its token MDX to achieve governance. MDX holders can propose to initiate a token listing by voting or collateralizing.
Initial Miner Offering (IMO): Similar to the Initial Coin Offering (ICO) on the Ethereum chain and the Initial Dex Offering (IDO) on BSC Dex chains, MDEX will standardize fundraising activities. Fundraising will be facilitated through its IMO platform. The token will help achieve a standard fundraising token based on the HT-IMO, the decentralized fundraising protocol on MDEX.
The platform is active with various incentives mechanism for its numerous LP pools, listings, and pairs. By interacting with its official Medium handle, can stay updated with the new pools, revised reward mechanisms, and new additions and information.
Four days ago, the platform passed its Certik audit, according to the team, “with flying colors.”
The project has a 93/100 score which shows a healthy indication of its codes and its platform features as safe for use.
MDX token distribution
The project is dubbed the “DeFi Golden Shovel” in Chinese cryptocurrency circles. The immediate roadmap plan is on achieving cross-chain interoperability with various chains.
The platform is looking prime to go multichain with the integration of top chains such as BSC and ETH to achieve a multi-chain era in DEX. According to its released Medium post:
“MDEX will gradually support ETH (layer 2 network), BSC, OKExChain, DOT, NEAR, and other public chains so that assets are inter-connected. In this way, we seek to build a pan-eco transaction protocol.”
On January 6, the project went online.
On January 19, liquidity mining & trading mining were open; the liquidity of the day reached US$275 million; and the transaction volume amounted to US$521 million.
On January 24 (18 days after its launch), the single-day transaction volume exceeded US$1 billion.
On February 1 (26 days after its launch), the liquidity exceeded US$ 1 billion.
On February 3, the Boardroom (Board of Directors) mechanism was launched, and the MDEX ecological fund, worth $15 million USD in MDEX was established.
On February 19, the single-day transaction volume exceeded US$2 billion.
On February 25th, MDEX ranked first in the CoinMarketCap global DEX rankings. It accounted for 53.48% of global DEX trading volume. The daily transaction volume reached a whopping $5 billion USD.
March 10 marked 51 days of MDEX being live. The cumulative transaction volume exceeded $100 billion USD.
On March 12, the total amount of repurchased and burnt MDX exceeded 10 million.
On March 16, MDEX Version 2.0 was released.
On March 18, the 24-hour transaction volume exceeded US$2.2 billion.TVL exceeded US$2.3 billion which builds a new record.
On March 19, in total 143 million MDX are distributed in the form of transaction mining subsidies + liquidity mining rewards, worth US$577 million.
The transaction fees over the first two months were over US$340 million. The platform's 7-day transaction fees rank 3rd, only after Bitcoin and Ethereum.
On Apr 8, Mdex launched on BSC, supporting single currency mining, liquidity mining, trading mining and asset cross-chain.
Within two hours of launch on Binance Smart Chain, the TVL of MDEX exceeded $1.5 billion. The total transaction volume exceeded $268 Million and the TVL on HECO and BSC is now over 5 billion.
The high transaction fees on the Ethereum saw a slice in ETH dominance. Many users in the DeFi sector have gravitated to other blockchain infrastructures like Huobi and Binance Smart Chain.
MDEX integration of other chains like ETH and BSC in the future will make it a multichain DEX service. It will offer unique features like transaction mining and an increase in TVL. Due to the user incentive mechanism of transaction mining and repurchase rewards, MDEX currently has relatively low transaction costs, and users benefit from transactions. Overall, MDEX presents low fees, incentives for transactions, low slippage, and ever-increasing LP pairs will make the platform attractive to users and maintain its dominance as the leading DEX in the ecosystem.
Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
For those who wish to learn more about MDEX, check out the following resources and media pages:
bFolio will be the primary tool used by bEarn users to browse and manage their assets. It will be the dashboard upon which users can track their investment in bEarn Fi and other integrated platforms.
The tool is a smart Yield farming dashboard focusing on monitoring your profit performance throughout the platform and other partners. Users can more easily calculate the complicated Impermanent Loss associated with Liquidity Provision (LP) when investing in bEarn Fi and other projects. No more will users have to browse through several links, as all information will be in one glance.
For the initial launch, bEarn will integrate the following:
Users are able to propose and vote for the next projects to be added to bFolio!
The tool does not store user data, neither does it require user information for access. There is no need to signup or register; simply connect and use. Data is fetched from the blockchain and Bscscan, connecting on the first interaction with the tool.
Connect to the platform in the following steps:
For users:
For projects:
bEarn Fi is a cross-chain product in Decentralized Finance (DeFi). The project provides Yield generation, algorithmic stablecoin, gaming aggregation, bridge, treasury, and governance on multiple chains: Binance Smart Chain blockchain (BSC) and Ethereum blockchain.
The platform features include a governance vault where governance stakers receive 50% of all games profit, 20% of vault farming rewards, and BFI rewards (up to 60% APY).
The bFolio tool will allow users to interact with their wallet on a more organized level and track their portfolio performance both on the bEarn Fi platforms and other partner protocols with a straightforward and easy approach.
The Spartan Protocol is an automated market-making (AMM) protocol providing incentivized liquidity and synthetic assets on the Binance Smart Chain (BSC).
After my last article about the Spartan Protocol that can be found HERE, the Spartan Protocol development has not been idle. The Spartan Protocol is a community-driven project that implements a simple yet efficient decentralized autonomous organization (DAO). The developers are a significant part of the community members that help #buidl the project.
The first thing that can be noticed straight away when visiting the Spartan Protocol site is the new landing page. It freshens up the UI utilizing community member artwork. The DAO has also updated the information on the various parts of the protocol. They did an excellent job because the text is easy to understand and explains how to use the product.
The new "LP positions" page lets you look at your LP tokens' state and value, showing the initial value, current value, and additions or bonds. This addition makes it easy to track your investment. The user-friendly AI allows users to reallocate their funds seamlessly.
Liquidity providers are granted incentives and transaction fees from the protocol. The APY (annual percentage yield) is now shown next to each respective asset pool. The APY is calculated on the historical data of the pool; the shown APY can change! At the moment of writing, all pools will give an APY of at least 124% up to 293%
There currently are 15 tokens pools, supported tokens being:
To join these pools, you will have to pair the token with the native $SPARTA token to create an LP token and start earning the fees and incentives.
The $SPARTA token is already tradeable on centralized exchanges (CEX) such as Binance and MXC. Decentralized exchanges (DEX) like PancakeSwap, BakerySwap, and Spartans own AMM have liquidity for the token as well. There will be another CEX added to the list, of which you can trade the $SPARTA token. The Indonesia-based TOKO exchange is a leading exchange. It has also listed the token, and it is tradeable in one pair BNB/SPARTA.
The TOKO exchange is collaborating with Binance and the Indonesian government regulatory authorities, building strong relationships.
Synthetics and lending are still in full development, and the team is making progress. A few things we can expect in the future are synthetics. Synthetic assets are pegged to another asset, making leveraged trades or lending possible.
A final release date is not given, but the developers are working on the protocol daily. It is only a matter of time before the products will be released. The Spartan team and community members are working hard to give us a safe and working product.
Spartan Protocol has made some nice improvements to the UI and made clear information on their website with the community's help. The APY's on the Pools is solid. The $SPARTA token is implemented into the protocol's liquidity. The token also maintains the project's governance token, something that gives the token use case and will also give some buying pressure for the token. Once the synthetics and lending contracts go live, the Spartan Protocol will have combined many different aspects of the De-Fi landscape. They utilize the best parts of other prominent protocols such as UniSwap, Thorchain, Synthetix, MakerDAO, and Vader/Vether Protocol.
The great community that has helped out a lot on various parts of the project keeps on growing. The Spartan Protocol will be a player of magnitude once their synthetics and lending products go live. The $SPARTA token will be the oil in the protocols machinery. Through its governance function, holders will have to think carefully before voting on propositions.
This all tells me that the future should be bright for the Spartans.
Are you interested in more information? Check out Spartan Protocol's website and social media.
