Introducing FX-Swap Yield Farming Vault
It has been a month since our f(x)Core Delegation Vault, and more than $5 million TVL has been deposited into Baklava’s vault pool. We are committed to building on the Function X blockchain and want to announce our latest product, the FX-Swap Yield Farming Vault.
What is the FX-Swap Yield Farming Vault?
FXSwap is the major AMM DEX on f(x)Core, where users are able to exchange tokens on the chain simultaneously. Users are also able to provide liquidity pairs to FXSwap and earn trading fees. As of today, FXSwap has reached $1.5 million in liquidity.
The Baklava Space team will support the Top 5 liquidity pairs on FXSwap and auto-compound the rewards for FXSwap liquidity providers. On top of the auto-compounded FX rewards, the stakers can also get BAVA tokens as additional rewards. Here is the list of supported liquidity pairs:
- BAVA/FX
- PUNDIX/FX
- PURSE/FX
- USDT/FX
- WETH/FX
How to delegate to the FX-Swap Yield Farming Vault?
Users need to visit https://baklava.space/vaults/fxswap/to deposit their FXSwap LP tokens. Here are the steps:
- Provide your liquidity to FXSwap
Visit https://fx-swap.io/#/pool to deposit liquidity to FXSwap. - Deposit your LP tokens to Baklava Space.
Select the liquidity vault on https://baklava.space/vaults/fxswap/ and deposit the LP tokens.
3. Sit tight and enjoy the auto compounded rewards.
You can check your position on the vault page and withdraw the LP tokens anytime.
The fees on Baklava Space
There are 3 types of fees on Baklava Space’s f(x)Core Delegation Vault:
- Withdrawal fee: 0.5% of the withdrawal amount.
100% of the withdrawal fee will be redelegated back to the vault. - Platform fee: 5% of the yield.
- Compounder fee: 1% of the yield.
100% of the compounder fee will be rewarded to the person who initiates the compound transaction.
That’s it. Thank you for all your support for Baklava Space. We will share more information on Twitter and in our thread on the Starscan forum. Do not forget to follow it for the latest updates. Enjoy your Baklava dessert, and see you there!
