• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Parex Network: Updates on Liquidity and Network Optimization

user avatar

by Giorgi Kostiuk

a year ago


This week, Parex Network saw ongoing developments focusing on liquidity expansion and protocol optimization, reinforcing the network's long-term goals.

Conclusion of PoolBoost Round 2

Following strong community participation, the second round of PoolBoost has concluded. This staking mechanism increases liquidity and provides stable rewards. The round demonstrated ongoing demand for sustainable staking solutions.

Launch of PoolBoost Round 3

PoolBoost Round 3 has launched with a starting APR of 50%. Participants can stake PRX/USDT liquidity pool tokens and earn rewards on an hourly basis for one year.

Liquidity Growth in the Parex Ecosystem

The launch of RaccoonSwap and participation in staking mechanisms have contributed to increasing liquidity. Growing interest from liquidity providers enhances the trading platform's efficiency and ensures the network's gradual expansion.

This week, Parex Network continued to enhance its ecosystem by boosting liquidity and optimizing the network. The community's active participation underlines the project's long-term sustainability.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

XRP Price Trends Show Weak Momentum and Potential Support Levels

chest

XRP has corrected by approximately 40% since the start of the year, indicating weak momentum and potential support levels.

user avatarMohamed Farouk

Balaji Srinivasan Highlights Zcash's Scalability and Privacy Benefits

chest

Balaji Srinivasan highlights Zcash's scalability and privacy benefits, advocating for its potential growth in the cryptocurrency market.

user avatarDiego Alvarez

Balaji Srinivasan Makes Case for Zcash in Fight Against Surveillance

chest

Balaji Srinivasan argues that Zcash is essential to protect privacy in the face of increasing AI-enabled surveillance, framing the choice as Zcash or communism.

user avatarElias Mukuru

XRP Ledger Launches Permissioned DEX to Boost Institutional Adoption

chest

The XRP Ledger has activated the Permissioned DEX amendment to enhance compliance for institutional trading.

user avatarKenji Takahashi

Australian Executive Faces Sentencing for Selling Cyber Tools to Russia

chest

Peter Williams, an Australian executive, pleaded guilty to selling sensitive cyber tools to a Russian broker, raising concerns about intelligence security among Five Eyes allies.

user avatarMaria Fernandez

Cardano Sees Significant Drop in Project Launches

chest

The Cardano network has seen a significant decline in project launches since 2021, raising concerns about future development and focusing on long-term adoption.

user avatarGustavo Mendoza

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.