$WELSH LP Pool reward available on Stackswap!
Hello World! We are very excited to present our latest partnership with Stackswap that has been in the works for quite some time. Following Stackswap’s last STX-WELSH liquidity pool launch, we are happy to announce the launch of STSW-WELSH LP Token Staking! You can now stake the cutest LP tokens on Stacks and harvest additional benefits.
Stackswap is the most diverse tokens’ AMM on the Stacks Network, and we are honored to be a project that brings LP farming to their platform. Getting recognition for all the efforts of rising above a memecoin is vital, and we are ready to conquer new heights and continue to grow.
The pairing of choice for the liquidity pool is STSW-WELSH. We felt that a STSW pairing would be way more beneficial to our holders compared to STX. With the market as volatile as it has been during the recent weeks, and possibly in the days to come, such a pairing is less susceptible to impermanent loss as both tokens follow the market movement together. The safer and more lucrative option is always a priority for our holders.
We defined 1Billion $WELSH (10% of total supply) from community treasury to be gradually released, and those are the tokens being used for rewards emission in the LP staking pool. The emission of these rewards will last at least 2 years.
So, how does it all work?
To use the LP Token Staking, you will first need to provide liquidity in the new STSW-WELSH pool. By doing so, the received LP tokens present your share in the pool and earn rewards from the collected swap fees.
You can then head on to the LP Token ‘Group’ Farming list and stake those LP tokens in the STSW-WELSH pool.
By staking LPs, you are rewarded with additional WELSH tokens depending on the amount of LPs you stake. It’s important to know there is no minimum allocation to the pool, and you can stacke as many cycles as you want.
We are proud to work with Stackswap and bring you additional ways to put your WELSH tokens to work within the Stacks ecosystem. We are glad to have been recognized as a serious project by such a strong partner, proving that WELSH has come a long way from its memecoin beginning.
We are also grateful for such a supportive community, and we hope you will both have fun and success with the LP Token Staking and enjoy using it.
Follow Welshcorgicoin official channels for upcoming updates.
- Official Website: https://www.welshcorgicoin.com
- Join the discussion on Discord: http://discord.gg/VTdRpW7ckk
- Follow us on Twitter: https://twitter.com/welshcorgi_coin
- Follow Welsh’s StackCast: https://t.me/welshs
