More unique features in bRing’s portfolio!
Today we would like to spotlight a very interesting feature coming soon to bRing platform.
We are going to offer something new to our users — Liquidity Provider token staking. By providing the liquidity to bRing and our partners at Uniswap and PancakeSwap exchanges, you are rewarded with LP tokens. With the help our platform, these tokens could then be used for staking within our Rings to generate additional rewards.
Usually, APY for LP tokens does not offer significant rewards, which is why staking LP with bRing provides you with greater bonuses. In exchange for staking, users will be able to receive rewards in BRNG tokens as well as in tokens of projects involved in the current Ring.
At first, the feature will be available on Ethereum pools only, but with the upcoming cross platform bridge to BSC, we will increase the availability of pools and you will be eligible for more rewards.
Keep in mind that this will occupy a separate pool and you do not necessarily need LP tokens to benefit from bRing’s platform. What we offer here is an additional choice in the form of LP staking to diversify our services.
Our partners will be able to benefit from the liquidity offered by users staking their project’s tokens. This will also provide them with additional stabilizers to the exchange rate and free up a percentage of their funds for further use.
With the upcoming release of our platform, LP token staking will launch soon after. We hope you enjoyed this recent spotlight, as we are rolling out the first Ring. Stay tuned for more news at our channels!