🧑🌾Farming
Last updated
Last updated
Since Revuto is regularly exploring new ideas to provide additional benefits for REVU holders, we have determined that one way we can support Cardano projects and bring value to REVU token-holders at the same time is by creating farming pools that give users the opportunity to earn promising Cardano-native assets by staking REVU tokens.
As a member of the Revuto community, you will be among the first ones who will be able to earn gem-potential Cardano tokens by staking REVU tokens in the Revuto app.
REVU/SUNDAE farming pool gives users the chance to stake REVU in order to earn SUNDAE, the governance token of the first and most popular decentralised exchange on Cardano’s mainnet, SundaeSwap. As a pioneer project on Cardano with a large base of community members, we thought it made sense to promote the first decentralised exchange (DEX) with automated market maker (AMM) protocol. Not only is it good for Revuto and SundaeSwap, but it’s also great for the overall Cardano ecosystem.
• Staking Pool Hard Cap: 2,500,000 REVU (first-come, first-served)
• Maximum staking amount per user: 100k REVU, (minimum 2k REVU)
• Subscription period: 7 days
• Staking period: 90 days
One user = one transaction. The staking period started on 26.02.2022. at 11:00 UTC and will last for 90 days. On the starting day, the APR will be 20%, which can change later on based on the price volatility of both tokens (REVU and SUNDAE) during this 90 day period.
A member of the Cardano DeFi Alliance, VyFi recently made its debut on the smart contract platform and aims to vastly enhance the network’s existing DeFi stack. The fast-growing protocol offers users a range of passive staking opportunities including the ability to stake NFTs to earn coins from emerging DeFi projects. Later this year, VyFi will launch its very own decentralised exchange (DEX) as well as a novel ‘Neural Net Auto Harvester’ that promises to help users maximise returns when investing in different liquidity pools.
At Revuto we’ve always had a burning passion for supporting other projects building on the Cardano blockchain. It’s why we launched our $2 million R Fund, which is dedicated to bootstrapping ventures that meet a genuine need. VyFi, though, is one project we’ve watched particularly closely.
VYFI Staking Pool Overview:
• Staking Pool Hard Cap: 2,500,000 REVU (first-come, first-served)
• Maximum staking amount per user: 100k REVU, (minimum 2k REVU)
• Subscription period: 7 days
• Staking period: 90 days
As of 01.03.2022, you can earn VYFI tokens by staking your REVU. The minimum threshold is 2,000 REVU while the maximum is 100,000. As for the APR, it’s a cool 20% with the lock-up period fixed at 90 days.
Please note that Sundae and VYFI pools have reached their hard cap and you cannot stake in them anymore.
For any additional questions please check the FAQ.
