Telos Fuel: Your DeFi Rewards Hub
Telos Fuel: Your DeFi Rewards Hub
The Telos Fuel initiative is transforming the Telos DeFi ecosystem by providing our users with an array of passive reward opportunities. If you’re new to Telos and not sure where to begin, we’ve got you covered!
In this article, we’ll give you a rundown of the protocols and platforms you can leverage, along with links to each one, to ensure your Telos DeFi journey gets off to a strong start.
Need a Bridge?
If you find that you don’t have enough crypto in your Telos EVM wallet to get started, don’t sweat it! Multichain lets you seamlessly bridge tokens from networks such as BNB Chain, Ethereum, Polygon, and others. Here’s an easy-to-follow guide to help you get started:
https://medium.com/telos-foundation/how-to-telos-x-apeswap-bridging-a1f984074338
Now that your tokens are in your tEVM wallet, you’re ready to participate in the Telos DeFi ecosystem and take advantage of some attractive APYs. Ready? Let’s go!
Stake ‘n Bake!
Telos is cooking up staking rewards with our innovative sTLOS Liquid Staking protocol. It offers the highest APY among other L1 networks and features a convenient 10-day lock-up period. You can also leverage your sTLOS to compound your rewards in farming pools — which will follow this section.
Staking guide: https://docs.telos.net/learn/defi_guide/staking_sTLOS/
Start staking here: https://www.teloscan.io/staking
To the Farm, We Go!
Our recent Telos Fuel partnership with ApeSwap started with a bang! There are currently 8 farming pools that DeFi users can leverage, which are the following:
- STLOS-USDC
- USDT-USDC
- STLOS-TLOS
- BANANA-TLOS
- ETH-TLOS
- BTC-TLOS
- USDT-TLOS
- USDC-TLOS
As mentioned previously, staking your sTLOS and then farming your rewards on one of our Telos Fuel farming pools can compound your rewards.
Pro Tip: Farming sTLOS — TLOS can help reduce the risk of impermanent loss as rewards generated from one pool could potentially compensate for the impermanent loss that may occur in the other.
You can find all Telos-ApeSwap farming pools and their corresponding rewards through the following link: https://apeswap.finance/banana-farms.
But Wait! There’s More!
Our Telos Fuel partnership with ApeSwap also welcomed several Treasury Bills too! Treasury Bills allow 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.
You can find all current T-Bill opportunities through this link:
https://apeswap.finance/treasury-bills
DeFi Lending & Borrowing: Say Hello to OmniDex!
Crypto lending and borrowing is an exciting new way to earn interest on your digital assets. By lending your cryptocurrencies to borrowers, you can earn interest income without having to sell your assets. And because the loans are collateralized by the borrower’s digital assets, there is minimal risk involved.
Our Telos Fuel partner OminDex facilitates both crypto lending and borrowing. So, whether you’d like to provide liquidity for borrowers or take out a collateralized loan for yourself, OmniDex is your all-in-one platform!
Visit OmniDex here: https://lending.omnidex.finance/markets
The Future is Telos
The Telos Fuel initiative continues to play an essential role in the ongoing growth and expansion of our DeFi ecosystem. However, as with any DeFi protocol, there are risks involved, and we encourage all users to thoroughly research them beforehand. Nonetheless, Telos DeFi continues to develop and partner with innovative products and services that provide immense value to our users. Stay tuned to our socials for more exciting Telos Fuel announcements!
About Telos
The Telos EVM is the most powerful and scalable Ethereum Smart Contract platform available today, built to power Web 3.0. Telos features a robust, third-generation, ESG-compliant evolutionary blockchain governance system inclusive of smart contracts, advanced voting features, and flexible and user-friendly fee models. Telos supports the blockchain ecosystem by serving as an incubator and accelerator for decentralized applications through development grants. Come build with us.
