GM PancakeSwap Community,
We're thrilled to announce the launch of Farms on Polygon zkEVM PancakeSwap. As we continue to elevate your DeFi journey to unparalleled heights on this groundbreaking L2 network, we’re thrilled to introduce the next addition along with Swap and Liquidity Provisioning: Farms for major trading pairs such as WETH-USDC, WETH-USDT, USDT-USDC, WETH-MATIC on Polygon zkEVM PancakeSwap! With Farms, users can stake LP tokens and earn CAKE rewards to grow their crypto holdings while keeping a position in the LP tokens. But first, let’s take a moment to understand the tremendous benefits of the Yield Farming product.
What is Yield Farming?
Yield Farming, known as liquidity mining, allows users to earn CAKE by staking their LP tokens in liquidity pools. Farming allows you to earn rewards while keeping a position in your other tokens. If you are new to yield Farming, check out our How to Use Farms guide to get started. By providing liquidity, users contribute to the smooth operation of decentralized exchanges while earning passive income through additional tokens.
Introducing Farms on Polygon zkEVM PancakeSwap
Now, let's dive into the exciting features of Farms on Polygon zkEVM PancakeSwap. Launching Farms for major trading pairs such as WETH-USDC, WETH-USDT, USDT-USDC, WETH-MATIC offers you many opportunities to earn rewards while participating in the vibrant DeFi ecosystem.
Stake your tokens in the designated liquidity pools and watch your holdings grow. As a liquidity provider, you facilitate smooth trading and earn additional tokens to reward your contribution. By actively participating in Farms, you seize the chance to maximize your yield, optimize capital efficiency, and unlock the full potential of your crypto holdings. In addition, incentives will be ramped up over time!
Welcome Projects to Incentivize Liquidity
At PancakeSwap, we believe in collaboration and fostering a thriving ecosystem. We welcome projects that want to incentivize their liquidity on Polygon zkEVM PancakeSwap through our Farms.
If you're interested in partnering with us to provide incentives for liquidity providers and contribute to the growth of the PancakeSwap ecosystem, please get in touch – we can be reached on Telegram.
Together, we can create an even more vibrant and rewarding DeFi landscape.
Reminder: Swap and LP on Polygon zkEVM PancakeSwap
Swap and Liquidity Provisioning were launched in our initial deployment of Polygon zkEVM PancakeSwap on June 29th 2023, providing users with lower fees and faster transactions on the zkEVM network when trading their favorite tokens and participating in liquidity provisioning directly on the platform. With Swap, users can experience the most competitive fee tiers in the industry, as low as 0.01% on PancakeSwap V3. And with the capital efficiency of V3, liquidity providers can achieve a capital multiplier of up to 4000x through concentrating their capital within specific price ranges where most trading occurs. For more details on how to get started with Swap and LP on Polygon zkEVM PancakeSwap, check out our detailed guide here.
Reminder: “Traverse the Treasure Islands” on Galxe
Since announcing Polygon zkEVM as the first destination in our "Traverse the Treasure Islands Galxe" campaign, users have seized the opportunity to explore and experience the power of PancakeSwap in this innovative ecosystem. So far 13,659 Polygon zkEVM Island Hoppers have joined us to complete Swap, LP, and social media tasks to earn loyalty points and unlock exclusive NFTs. We invite you to join the adventure to unlock exclusive rewards if you haven’t already done so, as the Polygon zkEVM quest concludes on August 17th 15:00 UTC. Don’t miss out and get started here. For more details on the Traverse Polygon zkEVM quest, visit here.
Join Us in this Exciting Phase
We are beyond excited about the possibilities as we launch Farms on Polygon zkEVM PancakeSwap. Our commitment to innovation, collaboration, and user-centric solutions propels us to push the boundaries of DeFi. By leveraging the power of Polygon zkEVM, we aim to provide you with an unparalleled Farming experience where you can grow your crypto holdings and reap the rewards of your participation.
Stay tuned for more updates and announcements on Polygon zkEVM PancakeSwap, and as the journey continues, we're grateful to have you on board as we revolutionize DeFi together!
Stack 'em,
The Chefs