TrustSwap and CREAM Finance Kick-off a Yield Farming Program for YIELD App Token Holders
Last month, the DCTDAO Decentralized Exchange kicked off its Yield Farming Program. Using the DCTDAO DCTDEX, users added liquidity to the pool of predefined Avalanche Token pairs and received APY rewards by locking the liquidity pool tokens on TrustSwap.
This week we are ready to announce another exciting yield farming initiative, this time in collaboration with C.R.E.A.M. Finance.
For those who may not know, C.R.E.A.M. Finance recently announced lending and borrowing of SWAP starting from 2% annual, meaning for just $20, you can borrow $1,000 of SWAP to lock in higher launchpad allocations.
C.R.E.A.M. Finance and Yield App, in collaboration with TrustSwap, will now offer a yield farming opportunity for the SWAP token holders. The YIELD app conducted a public pre-sale of its YLD token via the TrustSwap launchpad, in December 2020.
YIELD is a DeFi app designed to provide the easiest way to invest in DeFi using crypto or traditional currencies, regardless of your financial or technological level of expertise.
With YIELD, retail investors can earn daily returns with a starting amount of as little as $100. Users simply deposit their assets and then with a click, select their earnings strategy. They can redeem their funds at any time and the guaranteed 10% APY can be boosted to 20% by holding YLD tokens.
How to take part in YIELD App’s farming pool and earn more YLD tokens?
The process is fairly straightforward:
- Head to the CREAM portal at https://app.cream.finance/
- Connect your Metamask or other Web3 wallet and supply your available amount of SWAP tokens
- Add the crSWAP tokens you get in return, to your Metamask wallet using the following contract address: 0x98e329eb5aae2125af273102f3440de19094b77c
- Head to the TrustSwap portal, locate the designated YIELD App farming pool in the Launchpad Farming pool section
- Lock your crSWAP tokens to receive YLD tokens
- Make sure you have enough ETH to cover the gas fees for locking your SWAP tokens on Cream Finance as well as for staking your crSWAP tokens in the YIELD App farming pool on TrustSwap.
This will be one of TrustSwap’s largest farming pools ever, and we are excited about the opportunity to provide this to our investors.
This Yield Farming Program kicks off at 9 am PST of 16th July, 2021.
TrustSwap is a multichain, full-service digital asset ecosystem that offers: P2P/OTC Escrow, Time-release payments, Launchpads, Incubator programs, NFT marketplace, Team token & Liquidity Locks and automated distribution protocol solutions. Their purpose is to build tools and applications that ensure the security of crypto for everyday HODLers and large venture capitalists alike. For more information, visit TrustSwap.org
About CREAM Finance
C.R.E.A.M. Finance is a decentralized lending protocol for individuals, institutions, and protocols to access financial services. Part of the yearn finance ecosystem, it is a permissionless, open-source, and blockchain agnostic protocol serving users on Ethereum, Binance Smart Chain, and Fantom. Users who are passively holding Ethereum or Bitcoin can deposit their assets on C.R.E.A.M. to earn yield, similar to a traditional savings account.
About YIELD App
YIELD App believes that everyone should have access to the best investment opportunities. Its mission is to unlock the full potential of digital assets, combine them with the most rewarding opportunities available across all financial markets and make these available to the world. To achieve this, the company provides an innovative wealth management platform that bridges traditional and decentralized finance in the easiest way possible. For more information, visit www.yield.app