Farming pools have arrived on Xion Finance, where you can stake single asset or liquidity pool tokens and earn up to 2 types of rewards tokens. It’s the perfect opportunity to stake some tokens and earn huge crypto rewards!
Xion Finance is a one-click to DeFi protocol that offers cross-chain staking, farming and crypto shopping options with up to 100% cashback rewards.
Xion first released cross-chain liquidity pools, single asset XGT staking with massive fixed APY of 150%, an AR marketplace, lending protocols and now the latest farming pools for the xDAI & BSC chain.
The Xion Finance farming pools were created to boost the utility of XGT being staked as either as a single asset staking pool or a joint liquidity pair with 1–2 rewards tokens. Not only is this designed to bolster the utility of XGT but increase token holders for various projects, awareness, liquidity and overall…
The features/functions of the pools are as follows:
- Time limited pools (30d, 60d, 90d, 120d or unlimited)
- Fixed APY (e.g. reward token 1 = 85%, reward token 2 = 90%, etc.) or variable APY(the more that’s staked, the less APY)
- Auto-compounding for single asset XGT pools, where the stake token is XGT and the reward token is XGT, means any harvest will auto-reinvest everyones rewards into the pool(auto-compounding doesn’t apply to LP staked tokens)
- LP pool harvest sends tokens into the user wallet and calculates how many rewards other users will get, so their amount of rewards updates to harvest (based on how much LP they have staked)
- Call fee reward = 0.25% applies to any farming pool when harvested, so it calculates how much everyone gets to harvest and takes 0.25% of those total rewards, which then gets sent into the user/harvester wallet if its LP staked token pool. If it’s a single asset XGT pool(with XGT rewards) they are harvesting, then that 0.25% + user harvest gets reinvested and reinvests everyone else’s rewards as well(auto-compounding).
- Performance fee = 2%(fee on the reward token(s), which goes into the fee wallet. If one of the rewards tokens is XGT it will go (only for xgt) into the freezer contract)
- Early Withdrawal fee = 0.1%(fee on the stake token, which goes into the fee wallet, if the stake token is XGT, it will go into the freezer contract)
- BSC & xDAI farming pools
- Specific NFT owners will get boosted APY in any listed pools
Then there are other functions such as the afterHourCleanUp() which basically gives any leftover tokens back to the owner of the contract, after the pool is over, leaving enough in the contract for folks to withdraw their earnings and any remainder tokens sent back to the project that’s part of the pool.
Staking Referral Program
This is the perfect way to raise awareness and increase token holders for any farming pools listed on Xion Finance. It’s an organic way for new or existing projects to massively boost their liquidity and overall token holders by leveraging off XGT referral rewards.
How it works:
- Users stakes a minimum of $50 for a minimum of 1 week(7 days)
- After the minimum requirements have been met then the user can retrieve a referral link to share with their friends(at this point the referral is stored but not activated yet)
- Once the users friend matches the minimum requirements($50 staked & min 1 week staked) using the referral link they received, then the referral is counted and both the referrer and referee are rewarded with $25 USD in XGT
- The referral rewards are sent into each users e-commerce balance in the Xion Global subscription contract that allows them to only spend their XGT at selected merchants(e.g. purchasing products off Xion Finance marketplace)
The referral program was designed to not only boost token holders and awareness for XGT and listed projects but reduce XGT selling pressure by only allowing referral rewards to be spent at selected merchants.
Now you have a massive surge in transactions being processed through the Xion Global payment gateway, thereby increasing the XGT utility, merchants sales revenue and overall revenue for Xion Global.
Stake XGT LP Pairs
The XGT/xDAI and XGT/BNB LP tokens can now be staked on Xion Finance’s farming pool page for a fixed 100% APY. This means, anyone currently holding XGT/xDAI and XGT/BNB LP tokens will have to stake their LP tokens to continue earning XGT APY.
The regular holding of LP tokens will only earn you trading fees and no longer earn you any APY and thus must now be staked in Xion Finance’s farming pools to continue raking in those massive yields.
These are the first two farming pools that Xion has created to accommodate their current LP holders, whilst they prepare to list their partners pools next. Expect dual token rewards, referral staking rewards, NFT APY boosts and more! More liquidity, trading volume and token holders coming right up!
Farming pool benefits for listed projects
Any new projects that create farming pools on Xion Finance get access to an exclusive AMA hosted amongst a 100k+ DeFi community that will be cross-marketed between various partners that share similar interests to Xion Finance.
Not only will they get an AMA but stand a chance to be listed as one of the payment methods within the Xion Global payment gateway, boosting the utility of their token in-store and online.
Xion already has an overwhelming demand for various farming pools, creating new XGT trading pairs with accredited projects across both xDAI and BSC.
Xion Global, is a trusted payment gateway built for the new age. A protocol that’s aimed at helping anyone get into e-commerce, with a crypto payment gateway that saves, rewards and builds loyalty.
Xion Finance is the DeFi side of Xion Global(jointly known as Xion) that offers cross-chain staking, farming and crypto shopping options with up to 100% cashback rewards. Available on BSC & xDAI.
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