• 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

X Launches New Crypto Cashtags Feature

chest

X has launched a new feature called Cashtags, enhancing crypto and market infrastructure with token discovery, price charts, and trading functionality directly in the app.

user avatarMaya Lundqvist

Caution Advised Amidst Bitcoin's Bullish Outlook

chest

Edwards warns of AI-driven security threats to crypto infrastructure while maintaining a bullish stance on Bitcoin. He emphasizes the need for caution regarding complex DeFi protocols in light of emerging AI threats. Investors are encouraged to remain disciplined and manage risks while exploring opportunities in Bitcoin.

user avatarLeo van der Veen

IMF Issues Recession Warning Amid Escalating US-Iran Conflict

chest

The International Monetary Fund (IMF) has warned that the world may be on the brink of a recession due to the ongoing US-Iran war and rising oil prices, cutting its global growth forecast to 3.1%.

user avatarLi Weicheng

Kraken Under Extortion Threat Following Security Breach

chest

Kraken is facing an extortion threat from a criminal group claiming to have accessed internal systems and threatening to release client data unless demands are met.

user avatarAisha Farooq

Ethereum Derivatives Market Shows Signs of Short Squeeze Potential

chest

The Ethereum derivatives market on Binance is experiencing a significant increase in open interest, indicating potential for short squeezes as traders remain skeptical despite recent price gains.

user avatarTenzin Dorje

ABA Critiques CEA's Stablecoin Report

chest

The American Bankers Association (ABA) criticizes the White House Council of Economic Advisers' (CEA) stablecoin report, highlighting risks of allowing yield on payment stablecoins and potential deposit flight from community banks.

user avatarBayarjavkhlan Ganbaatar

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.