$RAZE Staking Coming Back on THORSWAP
I know. It is getting exciting.
After more than 6 months of research and development, one testnet launch, and a successful bug bounty program, we are now finally ready to present you the RAZE Network Mainnet, which will go live to the public before November 18th, 2021 on BSC!
To put a cherry on the top. We are coming back with another $RAZE staking campaign on our good old buddy — THORSwap, the world’s #1 Multi-Chain DEX built on THORChain. THORSwap and THORChain ecosystem share the similar multichain vision as Raze Network.
Old Razers are already familiar with their stable network and performance when it comes to DEX trading and liquidity farming. More importantly, the THORSwap team is very cautious and upright when it comes to managing their network. And we believe that is why our previous listings and staking campaigns were very successful on THORSwap. We are happy to come back to theirs.
Now, RAZE holders are able to earn passive income by providing liquidity to the RAZE/RUNE asset pool and swap easily towards other native assets like BTC, BCH, or BNB in a decentralized way.
If you are interested in add liquidity in RAZE/RUNE pool to earn the passive reward (APY 25–50%), you need to follow the instructions below:
- Got to https://app.thorswap.finance/ or Click “Launch App”
- Click on “Connect” in the upper right corner to connect your wallet
- Click “Liquidity” on the right hand side of RAZE liquidity pool
- You can add RAZE single token or RAZE + RUNE as a pair into the liquidity pool
For a more detailed guide on how to use THORSwap, please check the following article:
How to use THORSwap: https://thorswap.medium.com/how-to-use-thorswap-e13a2a4eafdd
How to provide liquidity on THORSwap: https://thorchain.help/stakers-liquidity-providers
A Friendly Reminder:
As the THORSwap team beautifully puts it, staking is a slightly ambiguous term that can mean both things. In short, “staking” means locking up your assets in a smart contract. Generally, you stake your tokens to generate interest (yield) or to vote for the governance of a protocol.
In the case of $RAZE staking, Liquidity Providers “stake” their assets into pools to collect fees from the trades made by other users on the network.
A pool is essentially an auto-balancing portfolio. The pool’s goal is to maintain an equal share of tokens relative to USD value. Keep in mind that you are exposed to two different assets.
About Raze Network
Raze Network is a cross-chain privacy protocol. It is built as a native privacy layer that can provide end-to-end anonymity for the entire DeFi stack. The Raze Network applies zkSNARKs to the Zether framework to build a second-layer decentralized anonymous module. The objective of Raze Network is to enable cross-chain privacy-preserving payment and trading systems while protecting the transparency of your assets and behaviors from surveillance.