First Risk-Free ETH Pool Launch on Polkadot! Stake madETH & anyETH to get double-rewards
We’re pumped to announce the first launch of risk-free, no impermanent loss Ethereum (ETH) pool on Polkadot network! This will be the first pool to launch under StellaSwap’s correlated-asset AMM, which was announced two days ago.
We’ve been working on this for a long time, and finally we’re launching with a bang!🎆 This marks another milestone on the strategic partnership between StellaSwap and our main bridging partners, Nomad and Multichain.
Users can start bridging their ETH to Moonbeam network via Nomad and/or Multichain to start staking from 25th April 16:00 PM UTC, with farming rewards will go live 24 hours later. This would be a good opportunity for ETH holders to generate double-reward APRs without any impermanent loss, and traders to swap between both versions of ETH on Moonbeam with ultra-low slippage and fees!
madETH-anyETH Farm Launch Details
To participate in risk-free ETH yield farming, you need to have both versions of ETH; Nomad-wrapped ETH (madETH) and Multichain’s ETH (anyETH). The details of risk-free ETH pool launch are as follows:
- AMM Pool Category: Correlated-Asset AMM (Low-slippage, low fee trading)
- Pool that will Launch: madETH-anyETH
- Farms Open for Deposit: 25 April, 16:00 PM UTC
- Farm Rewards go Live: 26 April, 16:00 PM UTC
- Reward Tokens: STELLA & GLMR
- Ethereum <>Moonbeam Bridge: Nomad Bridge & Multichain’s Bridge
- Daily Emissions:
Start Bridging Your ETH from Ethereum Network Now!
There are two main bridges to bridge ETH from Ethereum to Moonbeam:
- Nomad Bridge (novel trust-minimized bridge infrastructure)
- Multichain’s Bridge (which is the current infrastructure of StellaSwap’s bridge)
In a bid to solve for liquidity fragmentation of various versions of ETH on Moonbeam, we have decided to create a universal ETH pool to facilitate swaps between the largest ETH assets on Moonbeam: anyETH and madETH. StellaSwap has partnered with both Nomad and Multichain to facilitate seamless ETH bridging from Ethereum network to Moonbeam.
You can start to bridge your ETH from Ethereum network now using Nomad bridge and Multichain bridge now.
Get Double Farming Rewards by Providing Liquidity
Providing liquidity to StellaSwap in the form of madETH-anyETH will earn you double yields of GLMR and STELLA. Here is a guide on how to pool and stake your LP in Stella farms.
About StellaSwap
StellaSwap is the first and leading Moonbeam DEX that offers an integrated gateway to the DeFi world. Users can swap, earn, yield farm, bridge assets, explore new projects and engage in NFT trading all from a single unified platform. StellaSwap’s products are structured in such a way that facilitates decentralized governance of STELLA holders, while continuing to innovate on the collective foundations by design.
Website | Twitter | Medium | Telegram | Github | Gitbook | Reddit | Discord
