This past week was full of excitement in the DeFi space; We saw a mini market parade ApeSwap y Onyx DAO On Arbitrum, and most exciting of all, Arbitrum has finally announced the launch of its popular $ARB token. At current estimates, more than $1 billion of $ARB will be released in total. To make this news even more exciting, Onyx DAO released two new features focused on the $ARB token.
Farm and Pool $ARB de Onyx DAO
The first product is the $ARB ApeSwap Yield Farm; This allows users to convert their $ARB tokens into a liquid pair to earn $ONYX rewards. This way, users can earn with their $ARB tokens when they convert $ARB into highly liquid tokens for trading on ApeSwap’s decentralized exchange.
The main $ARB farm pair will be $ARB – $ETH.
Additionally, Onyx DAO has created a $ARB reward pool where users can earn $ONYX tokens to earn $ARB. This allows users to generate recurring bonuses where they share $ARB liquidity to earn $ONYX and then share their $ONYX to earn even more $ARB. Onyx DAO is one of the few places in the arbitrage ecosystem that has a facility that allows users to earn $ARB directly!
What else does Onyx DAO offer?
In addition to being able to access $ARB, users can also hedge $ONYX to access other major cryptocurrency tokens including $ETH and $USDC. $ ONYX is one of the only tokens that offer fast and rewarding service to users.
Onyx DAO has more than a dozen liquid farming options for users, including profitable farms based on $USDT, $BTC, $LINK and $BANANA. All these farms allow you to earn $ ONYX, which you can participate in prize pools for additional earnings.
From March 28, Onyx DAO will be released Treasure letters Via ApeSwap. Treasury Accounts allow users to trade their $ONYX-$ETH liquidity into the protocol to obtain discounted $ONYX tokens. This ensures that the $ONYX token will be more liquid and flexible, allowing users to get a discount of $ONYX to later participate in prize pools.
You can access all Onyx DAO products. over here.
About Onyx DAO
Onyx DAO aims to solve problems in productivity protocols through an experimental and innovative model, specifically:
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- Using sustainable liquidity mining (eg, simultaneous bonuses, farms and pools)
- Discouraging bad actors (farmers abusing $ONYX issues) and rewarding good actors ($ONYX bond farmers, holders and buyers)
In the long term, Onyx DAO will focus on creating new prediction markets and deposit strategies.
You can check all details about Onyx DAO. over here.