AscendX releases Polygon Yield Farming on their platform to intense anticipation
AscendEX is the leading cryptocurrency trading platform that is celebrating Polygon Yield Farming on its platform by offering increased APR for its active participants. AscendEX users, for a limited time, will be able to earn extra returns through Yield Farming with Polygon. This is applicable for accounts that are under $10,000 USDC.
In July, they announced the Yield Farming launch with POlygon stablecoin. Now, users will be able to deposit their USDC into the Polygon DeFi Yield Farming. This will allow them to receive interest paid in CRV, MATIC, and USDC. Their earning can be about 20% of the APY along with a 10% bonus in the first week of September. Apart from this, farming on AscendEX will enable the users for no-gas fees as well as a seamless farming experience. All of this can be availed through a simple, one-click solution.
Yield Farming is a resource-intensive process in which a user has to allocate some capital to the supported DeFi protocol. They are rewarded for the liquidity contribution they make. These rewards granted to the users are in the form of tokens, depending on the protocols of the operating DeFi.
Currently, AscendEX offers the easiest ways to the users to participate in Yield Farming. The team of AscendEX will be handling the backend integration and removing the technical hurdles related to the DeFi protocols. Users will be able to use high-quality tokens to click and farm and enjoy the timely yield distribution mechanism without any predetermined lock-up period.