Omnidex and Elk: Telos Together
Omnidex has added support to ElkDex through liquidity incentives in $CHARM to help enhance $TLOS-$ELK liquidity
Elk Finance has added a liquidity mining partnership on Telos EVM ElkDex. A boosted farm for the $TLOS-$ELK pairing, awarding both $CHARM and $ELK, is available for participating liquidity providers.
Furthermore, a $KARMA-$ELK farm is opening on Omnidex.finance, emitting $CHARM rewards. Omnidex also have a single stake pool opening too: Stake $KARMA and earn $ELK. It’s all go!
New from today is the Omnidex $KARMA token. This will allow those staking their $CHARM in the Karma Pool single stake the chance to earn even more.
($KARMA is the receipt token you receive for $CHARM staking in the Karma Pool.)
We are delighted to support Omnidex, the main DEX on Telos EVM sidechain. We hope this is just the start of a relationship that will help drive awareness of what the Telos can offer the Elks DeFi herd:
Telos is already renowned for:
- 0.5s block times
- Anti-frontrunning
- Scalable and affordable
Telos and Omnidex, what a pair! And Elk is pleased to offer a bridge to their ecosystem. Jump in, the liquidity is lovely.
Impermanent Loss
Elk’s Impermanent Loss Protection is active and ready to enhance the LP process for those new to supporting our DEX. It’s a great way to earn while minimising the risk usually associated with DeFi farming. More information can be found at https://docs.elk.finance/features/impermanent-loss-protection
Keep an eye on Twitter, Telegram and Discord for further information…
About Omnidex
OmniDex is an automated market-making (AMM) decentralized exchange. Swap, Farm and earn rewards. Omnidex continues to build a suite of decentralized financial tools and maintains its goal of providing a full service trading platform for the Telos ecosystem. Stay up to date with the latest news and updates happening at Omndiex by following us on our social media channels!
- Join the Omnidex community: https://t.me/omnidex1
- Follow Omnidex on Twitter: https://twitter.com/OmniDex1
- Subscribe to the Omnidex: https://medium.com/@Omni-Dex
- Send email to Omnidex: team@omnidex.finance
About Elk Finance
Elk Finance is a decentralized network for cross-chain liquidity. ElkNet, its cutting-edge multi-chain protocol, makes it easy for anyone to move value and exchange cryptocurrencies across blockchains quickly and securely at a low cost.
The ElkNet framework also lets developers imagine and build novel cross-chain applications. To date, ElkNet supports Avalanche, Polygon (Matic), Fantom Opera Network, Huobi ECO Chain, xDAI, Binance Smart Chain, HOO Smart Chain, KuCoin Community Chain, Harmony One, Okexchain, Elastos & Moonriver.
Visit ElkDex & ElkNet: https://app.elk.finance/#/
Visit the ElkNet Dashboard: https://dashboard.elk.finance/
