Wault x Eleven Finance Partnership as WSwap Nears 200M TVL

WSwap users now have an easy option to create Liquidity Pools (LPs) and add them to the corresponding vault using Eleven Finance. Users can stake LP tokens in the Eleven Finance vaults and earn ELE for increased rewards.

By
Utulu Hope
on
May 4, 2021
Category:
BSC News

Eleven Finance Announces Partnership With Wault

Since its inception, Eleven Finance has focused on improving the Binance Smart Chain (BSC) ecosystem via yield optimization and vault strategies. The platform has supported vaults and strategies for various projects and has added Wault Finance’s WSwap to its growing list. Eleven Finance aims at improving the value it offers projects even more with the launch of WSwap and WEX token. 

Source


What Will the Partnership Bring? 

With this partnership, users will gain a lot of benefits. For WSwap users, they will have an easy option to add Liquidity poos (LPs) which can be deposited in a corresponding Eleven Finance Vault. The LP positions are autocompounded to maximize Annual Percent Yield (APY). Also, WSwap users can stake LP tokens in the Eleven Finance vaults and earn ELE for increased rewards. 

WSwap LP vaults have integrated a harvest fee of 2.5%. What this means is that whenever compounding takes place, 2.5% will be deducted from the pending rewards. This will eventually be split and used to buy-back and burn  WaultX and ELE token. 


Wault Finance Reaches 200M TVL

The De-Fi protocol took to Twitter to laud its recent achievements. Wault Finance disclosed that they have climbed to 200M in Total Value Locked (TVL). Additionally, the platform becomes part of the top 10 list of all decentralized exchanges in the crypto market. 


Tags:
No items found.
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.