VyFinance forms partnership with Cardax
VyFinance is extremely proud to announce our latest partnership with Cardax. This partnership will enhance each other communities ability to utilise their tokens, and serve to further bring together the Cardano ecosystem into a wider community.
The strategic partnership between VyFinance and Cardax will have Cardax host a VyFi/ADA farm on their platform. VyFi, in return, will host an CDX/ADA farm on VyFinance. These farms allow users to earn tokens belonging to each project, and help serve as a reminder of the collaboration within the Cardano space to come.
Further partnership goals are the implementation Pools, with both parties currently considering a token swap to facilitate this. Both teams are excited for the upcoming DeFi space on the Cardano blockchain, and partnerships such as ours will grow the Cardano ecosystem into a more integrated, and user friendly environment!
Cardax is an exciting DEX emerging on the Cardano ecosystem which strives to be a CNT powerhouse, focusing on deep liquidity and a simple to use interface. Cardax endeavors to rise to the challenges of illiquid AMMs by employing a first to market Extended Automated Market Maker (EAMM), in practice this means anyone can become a market maker, either by starting a liquidity pool or by participating in one that already exists. The EAMM is designed to address the barriers of entry that exist in current AMM protocols, and ensure a fair and uncomplicated experience for users.
VyFinance is building an AMM on ADA chain. We are integrating an auto-harvester as a top layer into our ecosystem. This is to allow for easy onboarding of new users to DeFi, and assist with automating difficult processes on their behalf. The Auto-Harvester will be using our proprietary Neural Net AI to manage the risks involved and optimize farms on behalf of our users. We will be distributing 15% of generated income across our ecosystem through our native token, VyFi. So holders of our token will have the ability to earn passive income- generated from both the AMM and the Auto-Harvester.