QuickSwap Launches a Dragon’s Syrup Pool for Orbs – CoinCheckup Blog
Another step forward for blockchain domination by Orbs, who are swiftly partnering up with all the major Layer 1 and 2 chains and forming key integrations with many exchanges and platforms. The latest news comes from QuickSwap, which has launched a Dragon’s Syrup Pool for Orbs, which seems to be one of the sweetest things in the staking realm right now.
Here’s how it works:
Orbs holders can now stake their holdings inside ORBS Pools’ on QuickSwap to earn Liquidity Provider tokens as a reward and they’ll also get 0.25% share of all trading fees conducted inside the pool. With those LP tokens, a user can engage in Quick liquidity mining to earn a second source of passive income via QUICK. From here, the user can stake those QUICK tokens inside Dragon’s Lair in exchange for dQuick, which then gives users a slice of all trading fees generated across QuickSwap.
By following these three steps, the user has the opportunity to receive a large amount of token rewards in a number of ways. One of which comes from farming $dQuick, alongside the existing stakes from the ORBS pools.
Here’s what Orbs had to say about the development, “We are thrilled about this special launch on QuickSwap’s Dragon’s Syrup, as it is expected to support and strengthen Orbs position in the DeFi space, as well as enhance exposure for the Orbs project to the Polygon ecosystem.”
The sweetest thing about Dragon’s Syrup
QuickSwap is a decentralized exchange that runs on the Polygon Network, and promises cheaper and faster transactions on ETH. It’s native token QUICK is a governance token for voting rights and staking for a share of trading fees on the popular exchange.
The “Dragon’s Syrup” enables $QUICK token holders to stake their tokens as $dQUICK (they are given these once depositing QUICK intro staking pools, in order to earn tokens that are listed on QuickSwap. The value of his $dQuick tokens grow as more trading fees are generated on the DEX. Those who use Dragon’s Syrup can spread their QUICK tokens to stakers, thus gaining an extra source of yield.
David is a crypto enthusiast and an expert in personal finance. He has created numerous publications for different platforms. He loves to explore new things, and that’s how he discovered blockchain in the first place.