Swamp Finance Releases 10 New Vaults

Swamp Finance announced it has added ten new PancakeSwap vaults to its platform. The yield optimization protocol announced the latest development on the 29th of April 2021 via Twitter, giving users more options to farm yields.

By
Utulu Hope
on
May 1, 2021
Category:
BSC News

Swamp Finance Announces Addition of 10 New Vaults 

In a Tweet made on Thursday, the 29th of April 2021, the yield optimization protocol disclosed the new vaults being added to the long list of PancakeSwap vaults available for staking. The new vaults added include: 

  • ALPACA/BUSD LP
  • HAKKA/BUSD LP
  • XED/BNB LP
  • SWINGBY/BNB LP
  • CGG/BNB LP
  •  SUTER/BNB LP
  • BROOBEE/BNB LP
  • HZN/BNB LP
  • ALPA/BNB LP
  • LTO/BNB LP

Users can stake these new vaults now!

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Swamp Vaults 

Swamp vaults are very effective in that they save users time and generate tremendous rewards. Through effective compounding, efficient gas utilization, and other creative automation, Swamp vaults ensure that users attain a high profit on their yields. When a user deposits into a vault, their tokens increase over time without requiring manual reinvestment of funds, leading to a simple and easy yield process for users.

SWAMP Token 

The Swampy (SWAMP) token is the native token of Swamp Finance, as earlier mentioned. The primary use of this SWAMP token is for participation in voting on swampDAO proposals. Also, users get SWAMP rewards as an incentive for depositing their assets in Swamp vaults. 

Introduction to Swamp Finance 

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Swamp Finance is a yield optimization protocol that promotes yield aggregation for both holders and users of its native SWAMP token, located on the Binance Smart Chain (BSC). The protocol uses vaults to ensure that yield farming and auto compounding are facilitated. In essence, vaults ensure effective utilization of gas, alongside different automated processes, and utilize numerous yield strategies to help grow users' assets via automation. 

The protocol is designed to encourage long-term yield farming through its optimal compounding strategy and effective pricing model. The provision of incentives for long-term holders is one of the main benefits that Swamp offers. By making a deposit on the vaults, users do not have to worry about manually reinvesting their staking rewards as everything is done automatically. 

Conclusion 

With over 100 vaults available on Swamp Finance, the addition of the above-listed vaults will lead to even more adoption by new users. Swamp has been steadily increasing their Total Value Locked (TVL) with the current bull market, and aims to be a premier yield optimizer on the BSC for years to come.


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Utulu Hope

UC Hope is a passionate fan of crypto who could weave the latest event into sparks of inspiration and information. He leaves no stone unturned to get to the core of a story. Aside from writing, he spends his hours poring over algorithms and protocols, preparing for a future career as a computer programmer.