$NFTY Treasury Bills via ApeSwap
NFTY Labs & NFTY Network are bullish about innovative products. On Jun 16, 2022 at 18:00 UTC, ApeSwap released their unique DeFi product, Jungle Bills also known as Treasury Bills, to a few select partners and NFTY is one of them! We are excited to offer this unique token utility to our users, let’s dive into how you can benefit from Jungle bills and how they work.
What is a Treasury Bill and how does it work?
According to ApeSwap, “Treasury Bills allows users to access tokens at a discount in exchange for their liquidity provider (LP) tokens. Each Treasury Bill is a unique NFT that represents the contract and its respective reward tokens, which vest over a certain amount of time.”
This unique use case for tokens allows users to get an amazing discount through a utility driven, yield bearing NFT. Users can get this NFT, which comes with a simple agreement for future tokens(SAFT), by creating a liquidity provider token(LP token) on Apeswap. This is done by combining the partner token with either BNB or BUSD tokens. Users can then make their way to the NFTY Treasury Bill page where they can purchase a NFTY Jungle bill, this Jungle Bill represents $NFTY Tokens purchased at a discounted price which will be available for redemption after the allotted vesting period of 14 days.
We congratulate ApeSwap for creating a clever way that is a win for investors and partners alike and we are proud to be one of the first to offer the NFTY Treasury bill to our supporters! June 16th is bound to be a great day!