Partnership announcement between 🐝🐝🐝DeHive and Peanut🥜🥜🥜

Team DeHive
DeHive
Published in
1 min readMar 2, 2021

We are thrilled to announce the DeHive partnership with Peanut protocol. Peanut.trade🥜 is an automated price balancer for AMM-like DEXes. Peanut protocol helps to prevent impermanent loss and reduce slippage for large exchanges like Uniswap and Curve.

The DeHive platform provides its users with the opportunity to stake the DeHive Index and benefit from yield farming. After the unstake, the user gets his index back along with the yield farming reward converted into the index as well.

| Find out more about DeHive Index staking and protocol tokenomics in this article |

DeHive will use Peanut protocol to align the portfolio after getting the reward from the yield farming. Peanut algorithms will be used to rebalance the amounts of underlying assets from yield which back the additional index for the user.

Stay updated with DeHive media channels to keep up with upcoming product releases and the following features.

👉🏼ENTER OUR HIVE

• Website: https://dehive.finance/

• Twitter: https://twitter.com/dehive_finance

• Telegram Chat: https://t.me/DeHive_chat

• Telegram Announcement Channel: https://t.me/DeHive_ann

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Team DeHive
DeHive

An experienced team of blockchain enthusiasts behind the growth and development of DeHive DeFi protocol