Stake, Farm and Earn LP tokens on XcelSwap

XcelSwap
XcelPay Magazine
Published in
2 min readMay 10, 2022

XcelSwap, an essential component of the Xcellab ecosystem, is a decentralized exchange that employs the AMM model, a protocol that enables peer-to-peer trading on its platform. It aims to make DeFi accessible to all by mitigating the current issues related to UI complexity and product operability. XcelSwap allows for faster transaction settlements and efficient trading services,at a cost that goes as low as $0.2.

XcelSwap Features

Liquidity Pool

XcelSwap provides its users with the ability to contribute to liquidity pools. It is a pool of locked tokens in a smart contract. i.e. a self-executing program based on the agreements between the buyer and seller.

Users can add a pair of any amount of token into the liquidity pool and earn XLD as rewards. Liquidity providers can earn up to 600% Annual percentage yield (APY). For detailed information on how to add liquidity to XcelSwap, follow these step-by-step guides.

Farming

Users receive the Liquidity Providers (LP) tokens for providing liquidity into the liquidity pool. The amount of reward in LP tokens is based on the amount of shares that users have contributed to their respective pools. These LP tokens can then be farmed to earn additional tokens. Right now, there are three pairs available for farming: XLD-BNB, BUSD-BNB and B&B-BUSD. You can add an amount to the farm as well as harvest your earnings at any given time, so you have full access to your funds. Learn step-by-step methods for farming from this article.

Staking

XcelSwap also supports staking of its governance token, Xceldefi ($xld). The minimum staking period in XcelSwap is only 72 hours, which is relatively new in the industry, as most decentralized exchanges set the minimum staking period as high as 14 days. The benefits of staking in XcelSwap include a 30 percent APY reward for early withdrawal, and 100 percent APY for full maturity.

Users receive the rewards in native token of Xcellab Ecosystem XLD itself.

XcelDefi is the native token of the XcelLab Ecosystem as well as the governance token of XcelSwap itself. XLD is listed on leading exchanges such as BW Exchange, LATOKEN, Coinsbit, XT.com, BW Exchange, XcelSwap, PancakeSwap, ApeSwap, MDEX Swap, DODO, 1inch Exchange. The token is getting listed in other major exchanges around the world like Binance, Kucoin, Coinbase, Kraken and others.

Learn more about the token with the biggest mass adoption and largest used cases XLD here.

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XcelSwap
XcelPay Magazine

XcelSwap- a decentralized exchange built to increase utilities and trustless (permissionless) transactions using smart contracts.