SmarDex Announces Significant Changes to Token Farming Mechanics
SmarDex Announces Significant Changes to Token Farming Mechanics
馃敟 SDEX Farming Gets Spicy
SmarDex ($SDEX) is implementing major changes to its token farming system:
- Farming difficulty will double within 24 hours
- Only 9% of total supply will be available for earning over the next 8 years
- New ecosystem updates will introduce permanent token burning mechanisms
These changes aim to create a more sustainable tokenomics model. The reduced token distribution rate, combined with burn mechanics, suggests a strategic shift in $SDEX's long-term supply management.
Less than 24 hours away. $SDEX farming will be twice as hard. < 9% of supply to earn in the next 8 years while more and more ecosystem updates will burn tokens permanently.
New Farming Opportunity on Curve Finance with USDN-fxUSD LP Staking
A significant threshold has been reached on Paladin Vote, opening a new yield farming opportunity. Users can now: - Provide liquidity for USDN-fxUSD pair on Curve Finance - Stake LP tokens on Protocol FX - Earn dual rewards: * 2030% APR from USDN rebase * Up to 65% additional rewards in FXN tokens The farming interface is accessible through [Aladdin Club](http://fx.aladdin.club/earn). This follows earlier successful farming initiatives on SwapBox L2, which offered various LP staking options with APRs ranging from 21% to 39%.
SmarDex Token Distribution Halving Approaches
The $SDEX token distribution is set to undergo a significant reduction in approximately two hours, cutting the distribution rate by 50%. This halving event will impact farming across multiple chains. Key points: - Farming difficulty will double after the halving - Only 9% of total supply remains for distribution over next 8 years - Ecosystem updates include permanent token burning mechanisms This adjustment marks a major milestone in $SDEX tokenomics, potentially affecting yield farming strategies across supported networks.
SmarDex Launches sUSDN Farming Campaigns with Enzyme Finance
SmarDex introduces sUSDN (seed USDN) tokens ahead of USDN's January launch, partnering with Enzyme Finance. Key features: - Each sUSDN is backed by sUSDe, offering dual yield potential - Trading available on SMARDEX.io/swap at ~$1.12 per token - Two farming campaigns launched: 1. sUSDN/SDEX Liquidity Pool 2. sUSDN Staking Pool *Note*: Users should monitor price impact due to initial limited liquidity. A minor display bug in the staking campaign interface is being addressed, though smart contracts remain unaffected. By early 2025, backing will transition from sUSDe to USDN.
SmarDex Launches Enhanced LONG Module for ETH Perpetual Trading
SmarDex has released an upgraded LONG module for their Decentralized ETH Perpetual trading platform. This follows October's testnet updates which included: - Funding Rate history tracking - Asset price display improvements - Enhanced leverage controls - Wallet token address integration The platform continues to build on its multi-chain DEX infrastructure, focusing on mitigating impermanent loss risks. Visit smardex.io/USDN to explore the new features.