Dot.Finance popularly known as The House of DeFi announced today the listing of its PINK token on MXC.
As per the announcement trading of PINK, the native token Dot.Finance will go live on July 20. Listing the token on MXC will reportedly help create more liquidity for PINK while at the same time highlighting Dot.Finance’s potential for the Polkadot ecosystem.
While announcing on Twitter, the exchange explained:
“MEXC Global is happy to announce one of our upcoming listings, Dot.Finance Dot.Finance is a DeFi Aggregator for the Polkadot Ecosystem where you can maximize your returns with innovative yield optimization strategie.”
The team is also planning to add new maximizers pools to the Dot.Finance platform. These changes will apply to the current pairs, including DOT – BNB, USDT – BNB, BUSD – BNB, LINK – BNB, USDT – BUSD, and DAI – BUSD.
In addition to the two new developments, the team is also planning to publish a new staking pool for the PINK token. The staking pool will reportedly help create extra passive income for PINK holders. The new staking pool will also help increase Dot.Finance’s overall APY returns by adding another layer of value.
Notably, PINK incentivizes liquidity provision. The token also helps increase returns when using the Dot.Finance platform. Also, yield farmers can use the token as an APR multiplier when claiming profits.
Another thing to note is the PINK staking system. Dot.Finance created a separate staking system that allows users to stake their tokens and receive a share of PINK distribution profits. These profits will come from the vault’s performance fee, the original 30% converted to newly minted PINK tokens.
PINK tokens are minted for every 1 BNB earned in the performance fees. This was designed as part of the PINK distribution process, rewarded as part of vaults APY earnings. PINK’s max supply is not capped but will start with a supply of 100 million.
Dot.Finance is created with an aim of bringing DeFi to a wide range of users and will help increase user exposure to the many benefits of the Polkadot ecosystem. This will help grow the adoption of the Polkadot framework and the many new DeFi products and services that Dot.Finance is building on top of Polkadot’s safe, secure, and resilient architecture.
Dot.Finance, through its native yield aggregator, allows yield farmers to earn the highest returns possible. In addition, the project is built on the Binance Smart Chain, making it possible for users looking to compound their interest automatically to enjoy low fees.