It’s great that a pool that includes VNX Euro opened on Curve Finance — one of the largest decentralised exchanges and liquidity provider platforms out there, specialised in stablecoins.
VNX Euro is paired with Angle Euro stablecoin (Pool agEUR/VEUR) with an APR of 43.68%.
*Angle Euro is a capital-efficient, decentralized, over-collateralized stablecoin protocol behind agEUR
🌟How Does it Work?
Liquidity pools use automated market makers (AMMs) to connect users willing to trade pairs with the appropriate smart contracts for them, at the most accurate market prices. Before liquidity pools can do so, however, they need tokens from liquidity providers. By becoming a liquidity provider, you are doing good for the market, and getting remunerated for it!
👉How to Become a Liquidity Provider:
- Go to: curve.fi/#/ethereum/pools/factory-v2–297/deposit
- Connect your wallet
- Add coins in a balanced proportion (agEUR/VEUR)
💰What You Get as a Liquidity Provider:
- Commissions for exchange transactions within the agEUR/VEUR pool, proportionate to your pool share
- CRV rewards
Stay Tuned for Updates🚀
