On the SpaceShipX platform, you will find a community of users who travel through the crypto universe. The platform provides ways, where you can earn additional income from some of your favorite tokens. By continuing on this path, developers aim to benefit all community members and token holders.
How does SpaceShipX work?
SpaceShipX — a platform, where you can earn extra income from your favorite tokens. The first synthetic token will be MLP from Mad Meerkat Finance on Polygon.
The main function of the protocol - the minting/redemption of partially backed synthetic assets, which are backed by the underlying asset and the native token of the protocol (xShare). The mission - to create a complete ecosystem to support synthetic assets (DEX, Lending, Launchpad, Games, etc.).
To get started with the protocol, the first thing you need to do - set up a wallet that supports Polygon Chain. When setting up your wallet, follow the instructions carefully and back up your recovery phrases. To sign or make a transaction on the Polygon network, you will need a MATIC token to pay the gas fee. 60% of the return on investment will be distributed weekly to xShare owners, more details coming soon.
More about defi app
Yield farms allow users to earn xShare by staking native/non-native LP tokens. To earn xShare, users need to generate the required LP tokens from the Mad Meerkat Finance DEX and stake them into its xShare reward pools.
When a user deposits LP tokens in the Liquidity Mining pool, he receives:
| 1. | Liquidity fee: earned by the acquisition fee when exchanging this pair for AMM DEX. |
| 2. | Farm reward: earned xShare through farming. |
The APR on the website only shows the farm based reward APR. To know the LP reward APR, please check the DEX information pages.
In addition to the xShare reward, SpaceShipX will always look for a potential partner to expand each other's ecosystem, xShare/veShare holders may have more opportunities to earn a partner token, upon return, their token will be available for the xShare farm in Yield Farming.