GMX distributes 100,000 ARB incentives to ecological project Vaultka

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Cointime2023/12/01 09:51

By:Cointime

According to official sources, GMX announced that it will distribute 100,000 ARB incentives to Vaultka, all of which will be used for USDC lending pool rewards for a period of 12 weeks. It is understood that Vaultka offers a different income strategy based on LP tokens, which achieves higher returns by leveraging long LP tokens. For lenders (users who provide stablecoins), they can not only receive basic annual percentage yield (APR) returns, but also share a portion of the income based on the leverage multiple selected by the strategy user. Currently, the deposit interest rates on the Vaultka platform are as follows: BTC 14% (coin-based), ETH 14% (coin-based), USDC 20%+45% esVKA emission, of which 10% of USDC income is provided by GMX.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Cryptopolitan•2024/11/28 12:33