The global economy may appear to be a little uncertain these days; with the risk of hyperinflation from quantitative easing and stimulus, more unemployment, and lower interest rates, many people are looking for new ways to make a profit.
The majority of them are moving into liquidity pools to earn interest on yield products.
Liquidity pools work as a smart contract that contains funds. The ones depositing into the pools, the liquidity providers (LPs,) are compensated in the form of fees earned by DeFi platforms or, more directly, from borrowers for providing liquidity to these lending pools.
Typically, the rewards are paid at different rates and can be delivered in the platform’s native tokens.
Speaking of rewards and platform tokens, CaramelSwap has launched HoneyComb BNB since August 10. That means people are getting a new, sweeter way of investing their funds with this platform in a more entertaining environment
And the good news continues.
The thing with CaramelSwap
CaramelSwap is a top yield farm platform and AMM decentralized exchange running on Binance Smart Chain. The platform is remarkable through its exceptional farming profitability and token usability, as well as comprehensive and sophisticated token burning deflation scheme.
Additionally, CaramelSwap took it upon themselves to get rid of the Rugpull concerns, completely wiping out any piece of code that could have been exploited for such an action. Furthermore, they now have a harvest lockup system that limits harvesting frequency, which is intended to prevent farming arbitrage bots from repeatedly harvesting and dumping.
The platform offers a yield farm that provides individuals with a low-cost, long-term decentralized service. The yield farm operates on a Binance Smart Chain and uses Caramel.
Users must carry MEL (their native token) in order to stake within farms and pools, harvest, and unstake.
And why would anyone be interested in that? Well, that’s because CaramelSwap has one of the highest APRs in the crypto space.
The MEL burning methods
In order to protect the MEL token, CaramelSwap burns tokens through buybacks and transfer taxes.
When you stake, you will be charged a 5% deposit fee for non-native MEL farms. When any MEL transaction is made, a 2% tax is applied to each transaction.
In addition, the platform has an automatic liquidity system in which trades on the CaramelSwap exchange are immediately added a 0.3% transfer tax to the MEL-BNB liquidity pool and are locked and inaccessible.
The platform’s new features
HoneyComb BNB
Since August 10, CaramelSwap has released HoneyComb BNB. The HoneyComb future includes its own Syrup system, serving as a pool where members can earn multiple types of tokens rather than their initial one.
The earning process is quite straightforward. You only have to stake MEL tokens within one of the Syrup pools, and you will earn free tokens on CaramelSwap. Additionally, some special pools will let you stake other tokens than MEL.
The Chillz tokens
Furthermore, CaramelSwap has introduced some amazing new features that everyone has been waiting for, the Chilliz token’s tab.
It is a collection of pools where football lovers can use Chillz tokens to earn rewards based on their favorite sports.
They can farm MEL using tokens for their favorite football teams like Juventus and PSG.
NFT’s are coming
Starting with August 25, CaramelSwap is planning to launch the 1st real use case for NFT cards within an AMM platform.
The NFT cards purchased on the site will provide members with a variety of multipliers to help them earn more rewards.
A part of the amount spent for the cards will be assigned to specially created pools, and users will be rewarded for staking in the pools of their choice.
Earning from referral links
Although CaramelSwap is great in terms of APR and earning opportunities, the platform has also added a new referral links system in which users can earn tokens from inviting their friends on the platform.
Members that get in their friends to join Caramel Swap will earn a 3% commission when theirs friends harvest their farms.
What is next?
The top is hard to reach and easy to fall from. And CaramelSwap knows that.
They distinguish themselves from other platforms by taking a transparent approach to any event and taking swift actions to make sure their investors’ trust is not betrayed.
With clear compensation plans, audits, improvements, and new features that can bring further value and rewards to their users, CaramelSwap is taking huge steps in improving the crypto world and the opportunities it brings.
Join the CaramelSwap Global Community and get ready to see what they have in mind.
Also, for more details, have a look for yourself on their social media:
Website, GitHub, Medium, Twitter, Coin Market Cap, Instagram, Reddit, Linktree, DappRadar.
Disclaimer: This is a paid post and should not be treated as news/advice.
