CoinSwap Space Offering Huge Yields As They Launch New Token Pairs
CoinSwap Space, a suite of DeFi products for BSC, is delighted to be launching new farming pairs on its decentralized exchange today. Currently they are looking for liquidity providers to increase liquidity for these pairs. Users who are adding their capital into liquidity pools at an early stage, will be able to benefit from huge rewards.
For example, when providing liquidity and going for the BNB / ETH pair on CoinSwap then currently it is earning an already impressive 290% APR. However, those contributing to pools containing CoinSwap’s native liquidity pool token, CSS-LP, will benefit from truly astronomical returns. Returns between 1% and an incredible 4% per day are available on these pairs, yielding a total APR of around 825%. This kind of yields won’t last for much longer though, so users looking to benefit from them should act fast.
As BSC continues to grow in popularity, more and more projects are moving onto this chain, forming their own DeFi ecosystem. Until now, the most popular DEX on BSC has been PancakeSwap. However, CoinSwap is challenging PancakeSwap by offering even lower trading fees and stronger tokenomics.
Considering that BSC is where users go for the lowest fees, it should be worth noting that CoinSwap can offer transaction fees of just 0.2% as opposed to PancakeSwap’s 0.25%. This will prove attractive as traders look to maximize their profit margins.
To set the mind of would-be investors at ease, CoinSwap is one of the very few platforms that has been audited by Certik already before launch, a market-leading security-focused ranking platform. Certik are experts at analyzing blockchain and hacker resistant smart contract protocols. Using Formal Verification technology, CoinSwap’s protocol was scoured for weak points. CoinSwap’s successful completion of this audit demonstrates the security of their smart contracts.