Partners: MetalSwap x ACryptoS
Commodity swaps were introduced in the mid-1970s to allow producers and consumers to hedge price risks in certain markets, with a contract between two parties that targets to set the price of a certain commodity.
MetalSwap aims to be a strategic key feature in the DeFi AMM space, decentralizing Financial Swaps on both crypto pairs and metal synthetic assets.
Through a set of smart contracts, MetalSwap makes it possible to execute the above without the need for intermediaries, at reduced costs and without time restrictions.
Having initially launched on ETH, they’ve opted to partner with ACryptoS to launch their first farming pool on BSC #BNBChain. Read on to understand more about the dual token farm on our DEX, Acsi.Finance!
Dual Token Farming: $80,000 XMT + ACSI!
Acsi Finance will be launching a new XMT-BNB Liquidity Pool (LP). Read more here on the many unique points that our Next-Gen AMM offers.
$50,000 XMT+ $30,000 ACSI is allocated for the farm, and they will be distributed over a period of 90 days. Be the first in, and enjoy the $80,000 yield farming rewards!
Bonus: MetalSwap has also provided $30,000 of $XMT to be distributed to our ACS-ACSI-BNB-BUSD Onsen Pool. A2B2 Pool LP providers will now receive $XMT as well for 90 days. No action required.
One of the perks for investing in our Onsen pool. Farm multiple tokens at the same time and learn about partner protocols.
*Currently farming $ACSI + $ONT + $XMT
How to farm the $80,000 Rewards?
Two simple steps:
1. Provide liquidity in the XMT-BNB Liquidity Pool (50% XMT | 50%BNB)
Users can deposit the 2 tokens in the listed proportions above, or they can deposit 1 single token (eg: XMT or BNB) and Acsi.Finance will take care of the rest in the background, balancing those tokens for you.
2. Stake the pool tokens received on the ACryptoS farm
After providing liquidity (investing) in the XMT-BNB LP, users will receive proof-of-stake tokens, and they will be able to stake those tokens in the XMT-BNB farm on ACryptoS.com — That’s where you’ll earn those awesome Double Rewards (XMT + ACSI)!
On top of the farm APY, you’ll also be earning Swap APY. This comes from the swap fees of all the trades happening in the XMT-BNB pool. 😉
Scroll down for a full step-by-step guide.
Full Guide — Dual Token Farming
Taking part in this new LP is a simple process:
Make sure your wallet has XMT (50%), BNB (50%) in the correct proportions (or close to it)
*Staking with just one token is possible as well, read on for more details.
- Go to app.Acsi.finance
- Single currency/multi-currency deposits on Acsi Finance
- Select XMT-BNB
- Select the currency and amount to be deposited, or click “MAX” to deposit all
*You can stake a single currency, and the protocol will automatically convert the currency into the other currencies in the XMT-BNB LP.
Hint: make smaller deposits at one time if price impact is too high.
- “Approve” the transaction (the number of approvals depends on the types of currency staked)
- After clicking “Invest”, approve the transaction in your wallet to complete the deposit and get the LP tokens.
If you want to unpair the LP, click “Withdraw” to choose the withdrawal method. Click “Best price” to receive 2 types of equivalent currencies;
Click “Single token” to choose one of the 2 single currencies to withdraw.
3. Stake LP on app.acryptos.com/acsi
- Look for the Acsi.Finance XMT-BNB farm, click “Stake”
- Click “Max” and confirm
You will start earning $XMT+ $ACSI 🔥
Quick Guide — Swapping $XMT on Acsi.Finance
Once there is sufficient liquidity in the new LP, you will be able to swap XMT on Acsi.Finance by navigating to the Trade interface. You will be able to swap any cryptocurrency listed on Acsi.Finance for XMT tokens with the best swap fees and maximum returns.
- Click “Trade” on app.Acsi.Finance
- Choose the currency and quantity you want to exchange
- Click “Preview trade” — “Confirm trade”
About MetalSwap
MetalSwap is a decentralized platform that allows hedging swaps on financial markets with the aim of providing a coverage to those who work with commodities and an investment opportunity for those who contribute to increase the shared liquidity of the project. Visit https://metalswap.finance/ to find out more.
Twitter: https://twitter.com/MetalSwapNet
Telegram: https://t.me/metalswap
