New partnership BossSwap

IKURA and BOSS rewards on two new yield farms at BossSwap

Starting Nov 6, 2021, there will be 2 yield farms available to stake your Ikura

1) IKURA-ONE Dungeon, with rewards in BOSS

2) IKURA-HYDRA Spawning Pool, with rewards in BOSS and IKURA ( runs approx. 75 days )

What is Yield Farming?

yield farming protocols incentivize liquidity providers (LP) to stake or lock up their crypto assets in a smart contract-based liquidity pool. These incentives can be a percentage of transaction fees, interest from lenders or a governance token (see liquidity mining below). These returns are expressed as an annual percentage yield (APY). As more investors add funds to the related liquidity pool, the value of the issued returns decrease accordingly.

Liquidity mining occurs when a yield farming participant earns token rewards as additional compensation.

What Is APY in Yield Farming?

Yield farmers, and most protocols and platforms, calculate the estimated returns in terms of annual percentage yield (APY). APY is the rate of return gained over the course of a year on a specific investment. Compounding interest, which is computed on a regular basis and applied to the amount, is factored into the APY.

What is Impermanent Loss (IL)?

Impermanent loss happens when you provide liquidity to a liquidity pool, and the price of your deposited assets changes compared to when you deposited them. The bigger this change is, the more you are exposed to impermanent loss. In this case, the loss means less dollar value at the time of withdrawal than at the time of deposit. The following link covers IL in more detail, and DYOR on other risks involved with LP farming.

https://academy.binance.com/en/articles/impermanent-loss-explained

You may Stake your LP at https://www.bossswap.finance/

Links & socials
Telegram: https://t.me/ikuratoken
App: https://app.ikura.one/
Website: https://ikuratoken.com/
Twitter: https://twitter.com/IkuraToken

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