Updates on New ceWBTC Farm launch, Farm Retirements & Emission Update
We’re pleased to share with you the addition of a new farm containing Celer Network’s assets on StellaSwap! 🔥 Our long-standing partnership with Celer — the leading inter-blockchain and cross-layer communication protocol — has been extremely productive, with considerable value synergies that accrue towards the Moonbeam ecosystem. This update underlines the strong partnership between StellaSwap and Celer,
On top of that, we’ve unanimously decided to extend liquidity mining rewards for existing farms containing celerAssetsAs. Celer farms on StellaSwap has garnered close to $10 million in TVL liquidity, highlighting its popularity within the Moonbeam ecosystem.
New Farm Launch: ceWBTC Comes to Town!
Celer-wrapped BTC (ceWBTC)will land on StellaSwap in the next couple of days. The increase of BTC presence on moonbeam is in-line to greater traction of Ethereum-wrapped Bitcoins by users in the cryptocurrency space, in a bid to leverage on DeFi composability and maximize the yields of their BTC holdings.
Here’s the details of the new ceWBTC farm:
- New Farm: ceWBTC/ceUSDT
- Duration: 30 Days
- Rewards: $STELLA 1,668+$CELR 14,737
- Farms Open for Deposit: 01 May, 16:00 PM UTC
- Farm Rewards go Live: 02 May, 16:00 PM UTC
Updates to Liquidity Mining Incentive Program
Amongst the addition of a new farm, one farm has been extended and others retired. All emissions changes will be effective starting from 29 April, 16:00 UTC. More details below:
- Extended Farm: ceUSDT/ceBUSD
- Extension Duration: 30 Days
- Rewards: $STELLA + $CELR
We will also be retiring the following farms since their scheduled dual-reward emissions have ended.
Retired Farms:
- ceUSDT/BNB
- BCMC/GLMR
Get started now: https://app.stellaswap.com/farm
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.
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