DeFi Projects KingSwap and RioDeFi Partner to Boost Rewards
DeFi Projects KingSwap and RioDeFi Partner to Boost Rewards
Singapore, Dec. 17, 2020 (via Blockchain Wire) DeFi projects KingSwap (www.kingswap.io) and RioDeFi today announced a partnership to boost rewards for users, aimed at increasing participation in staking and farming pools. Through this partnership , KingSwap will list RioDeFi’s RFUEL tokens on its decentralized exchange (DEX). RioDeFi will also provide a farming pool on KingSwap for all users who want to generate yield from RFUEL.
KingSwap will reward both traders and liquidity providers for using the DEX. Any user who provides liquidity for the RFUEL-USDT pair on KingSwap’s DEX will be given RFUEL-USDT KLP (King Liquidity Provider) tokens. KingSwap users who trade in the RFUEL-USDT pool will be awarded with KST (KingSwap Slippage Tokens) for every trade executed. Both KLP tokens and KST tokens can be staked in the RFUEL farming pool. All APY estimates are
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Singapore, Dec. 14, 2020 (GLOBE NEWSWIRE) (via Blockchain Wire) DeFi project KingSwap (https://www.kingswap.io/) today announced the launch of its NFT staking program and raffle games. On a mission to drive mainstream DeFi adoption through gamification, KingSwap is a high-yield liquidity platform that offers extensive staking rewards, digital collectibles, and fiat conversions.
KingSwap s new NFT staking program allows users to stake their King, Queen, or Knight NFTs for a set period of 3, 6, 12, 24, or 48 months, similar to a bank s Certificate of Deposit. For a 12 month commitment, investors earn 60% APY for staking a Knight NFT (worth 10,000 $KING tokens), 80% APY for staking a Queen NFT (worth 100,000 $KING tokens), and 100% APY for staking a King NFT (worth 1 million $KING tokens).