How To Invest In Cryptocurrency π₯ What is the Best Decentralized Exchange?
141How To Invest In Cryptocurrency | What is Defi | How to Buy Crypto
π Minswap Labs Twitter: https://twitter.com/MinswapDEX
π Get Your own Binance Account from Here: https://bit.ly/Binance-Register-Now
π Best Hardware Wallet (Trezor): https://bit.ly/Trezor-Cold-Wallet
π¬Watch our most recent videos:
π₯Crypto Market π₯ What is the Best Web3 Investment?π
https://www.youtube.com/watch?v=0BRp6E7VaEo
π₯Best Crypto To Buy Now π₯ What's the Best Cryptocurrency to Invest in Now?π
https://www.youtube.com/watch?v=G396zGoaTck
_____________________________________________________________
Links mentioned in the video:
β
Best Hardware Wallet (Ledger Nano): https://bit.ly/Ledger-Cold-Wallet
β
Best Hardware Wallet (Trezor): https://bit.ly/Trezor-Cold-Wallet
_____________________________________________________________
Welcome to our How To Invest In Cryptocurrency Video!
About Minswap:
Minswap is a Decentralized Exchange (DEX). The purpose of a DEX is to enable permissionless trading of token pairs. For each swap, a fee is taken, which goes to the Liquidity Providers (LPs). Anyone can provide Liquidity as well, hence profits are decentralized. Minswap is a community-centric DEX, in that our tokens are fairly distributed, without any private or VC investment. Minswap has pioneered several ideas in the Cardano ecosystem such as the FISO model (touted as the fairest ISO model in the Cardano community) the MINt Token, and has continued developing several value adding features.
What is Yield Farming?
Yield Farming is an initiative used by protocols in DeFi to incentivize liquidity and utilization by rewarding users in governance tokens (such as MIN). The idea is to acquire users by giving them ownership of the protocol itself, in accordance with the ethos of decentralized protocols that are wholly owned by their users.
In Minswap, this translates to distributing MIN token rewards to users who Provide Liquidity on our DEX and stake their Liquidity Provider Tokens (LP Tokens or LPTs). Staking LPTs will earn you MIN rewards in proportion to how much the share the LPTs you are staking is compared to the total LPTs staked in the particular farm. Minswap will aim to have an effective system for farming yield, while also offering the best user experience.
Yield Farming Vesting Schedule
Bootstrapping Phase
During the first 5 months after deployment of the DEX, Minswap went through a Bootstrapping Phase using a predictable and aggressive Yield Farming Schedule to bootstrap users and TVL.
1st month (16th March 2022 to 15th April) : 1.2% total supply = 60 million MIN β 2,000,000 daily.
2nd month (15th April 2022 to 15th May) : 1.1% total supply = 55 million MIN β 1,833,333 daily
3rd month (15th May 2022 to 14th June) : 1% total supply = 50 million MIN β 1,666,666 daily.
4th month (14th June 2022 to 14th July) : 0.9% total supply = 45 million MIN β 1,500,000 daily.
5th month (14th July 2022 to 13th August) : 0.8% total supply = 40 million MIN β 1,333,333 daily.
In total, to bootstrap liquidity and to ensure early supporters of Minswap are maximally rewarded, 5% of total supply was allocated towards Yield Farming in the first 5 months. We welcome any community input regarding pools that could be added and schedule adjustment in our Forum.
Minimax Phase
After the Bootstrapping Phase, the Minswap DEX will enter the "Minimax Phase" with a Dynamic Schedule approach for a 4-month Period meaning from August 13th 2022 to November 13th 2022. While at first this process will be conducted off-chain, the endgame of a Dynamic Schedule would be to have the Emissions Schedule be determined completely on-chain and for Emissions to be determined according to an algorithmic formula coupled with on-chain voting.
____________________________________________________________
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses a considerable risk of loss. The speaker does not guarantee any particular outcome.
I hope you found value in our How To Invest In Cryptocurrency video. Make sure to leave a like on the video if you gained value from it!
#Invest #Defi #Crypto #nftcommunity #nftcollectors #nftmint #racinggame #nftdrop #cryptogame #game
#games #nextbigthing
ππ For Collaboration Contact Us At: collab@top-crypto.io
π₯ π₯ For More Crypto News Check Out Our Site: https://top-crypto.io
________________________________________________________________________
β°Timestampsβ°
00:00 - what is defi Introduction.
00:10- what is defi summary.
03:47- what is defi project outro.