Parex Network: Updates on Liquidity and Network Optimization

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by Giorgi Kostiuk

2 years 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.

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