Ternoa ($CAPS), how to grow your tokens with the ApeSwap protocol?
The Ternoa blockchain token $CAPS continues to expand and is now available on ApeSwap, an automated market maker based on the Binance Smart Chain (BSC). Using this platform, $CAPS holders can generate interest on their funds and easily accumulate new tokens.
Ternoa’s CAPS lands on ApeSwap
The Ternoa blockchain ecosystem continues to evolve. After the listing of its $CAPS token on Uniswap, Gate.io and PancakeSwap, it is now available on ApeSwap. Thanks to this new listing, $CAPS token holders can now generate interest on their assets.
Based on the structure of PancakeSwap, ApeSwap is a Binance Smart Chain (BSC) based platform that you can use for yield farming and staking of BEP-20 tokens, the BSC token standard.
The platform is very similar to Uniswap and SushiSwap, as it is based on the very foundations of all automated market makers (AMM).
In addition to BSC, ApeSwap has recently started its cross-chain operations by introducing Polygon (MATIC), Ethereum’s famous sidechain.
Regarding the security of this platform, ApeSwap has been audited by 3 separate companies: CerTik, BSC Gemz and DeFiYield. You can find all the audits on this page.
How to generate interest with the staking of your CAPS?
ApeSwap’s native token, the $BANANA is necessary to carry out almost all operations on the platform. Thus, to participate in a liquidity pool or any other activity, you should have a few $BANANA in your wallet!
And to cover trading fees, make sure you have a small amount of BNB, the Binance utility token, in your wallet.
For $CAPS holders, it is worthwhile to make your assets grow, instead of letting them sleep in your wallet. For example, you can stake $BANANA tokens to receive $CAPS tokens. Currently, almost the equivalent of 1 million dollars are deposited in this pool, and the annual interest rate is over 135%.
At the time of writing, it is also possible to trade $BANANA tokens with LP $CAPS-BNB tokens at an annual interest rate of over 400%.
Using ApeSwap is relatively simple. All you need is a Binance Smart Chain compatible wallet and to visit ApeSwap.Finance. We strongly suggest that you use MetaMask, which you will need to set up first to access the BSC. Here is a full tutorial dedicated to this.
When your wallet is set up, you can start swapping tokens, staking funds or participating in liquidity pools. Once you have selected one of these options, you will be asked to unlock your wallet. Then follow the further instructions and start trading!
Note that you can withdraw your liquidity from the ApeSwap pools at any time and get your earnings back in $CAPS or $BANANA tokens.
This is a translation of the French article written by Cryptoast.
