Plenty Pairs and Farms for uUSD/wUSDC, uUSD/YOU and uUSD/uDEFI
Following the YIP-001 proposal vote, 10,000 YOU tokens per week are allocated as incentives for liquidity.
Dear youves community,
In an ongoing effort to improve the youves platform, we look to improve the liquidity of the youves tokens uUSD, YOU and also the brand-new uDEFI which was finally launched today.
As decided in the YIP-001 proposal on 19 October 2021, 10,000 YOU tokens per week are allocated to incentivizing liquidity of the youves tokens. uUSD will be listed against wUSDC from Bender Labs and also against YOU and uDEFI.
These pairs are now listed on Plenty with the respective incentives on their farms.
This further deepens the collaboration between Plenty and youves and we look forward to many more projects.
We believe that this step will significantly improve the liquidity of our tokens and as a consequence improve their utility and allow the youves platform to further grow and solidify its position as a leading DeFi project on the Tezos blockchain.
About youves:
youves is a decentralized, non-custodial, and self-governed DeFi platform on the Tezos ecosystem. It aims to give users access to synthetic assets which can be created on the platform. Users are free to decide where to bake with their locked collateral. There were no preminted governance tokens at launch time.
About Plenty DeFi:
Plenty is the biggest DeFi platform on Tezos in terms of liquidity and unique active wallet users, with $PLENTY being the most liquid token on Tezos. The goal of Plenty is to expand DeFi use cases on Tezos towards a full-scale decentralized financial ecosystem. Plenty aims to become a platform governed by the $PLENTY token, empowering traders, liquidity providers, and developers to participate in an open financial marketplace.
