3 hyper profitable DMAX farms you should be staking in and why
At DegenMaxi, we have 2 simple goals, to enrich our community members and investors as well as attract new users to smartBCH.
These goals influence all our decisions and activities, including the creation of highly profitable farms and staking opportunities.
In this post, I would be sharing with you the 3 lucrative DMAX farms you should be investing in on smartBCH today and why.
The 3 lucrative DMAX farms you should be investing in already
We're always thinking of more and better ways to reward our most supportive community members and investors (especially liquidity providers).
And right now these 3 DMAX farms on BenSwap are some of the best high yield farming opportunities on smartBCH right now.
These farms allow you to stake your LP tokens to earn either DMAX or CST. More farms will be introduced within the weeks and months ahead.
Currently, you can stake your:
Let's discuss each of these farms and how to leverage them to grow your portfolio like a true degen below.
1. DMAX-WBCH LP token to earn DMAX
This is the first and biggest DMAX farm that's aimed at rewarding our highly valued liquidity providers (LPs).
LPs are arguably the single most important players in the DegenMaxi community and we want to give you the best return on your investment.
That's why we have decided to set the base APR for this farm at 300%.
That means we would constantly adjust the emission rate to keep the APR consistently above 300% until all 500 million DMAX supply has been exhausted.
Why invest in this farm?
There're 3 major reasons why staking your DMAX-WBCH LP token in this farm is a smart move.
The APR is "guaranteed" and returns are predictable.
You're extremely early and can accumulate a lot more DMAX faster at a higher APR. The APR at the time of writing this line is 454.78%.
The DMAX price is stable and rising with the inflow of new investors. Thus you're making a profit from high APR and rising token price.
When you know that the price of DMAX is going to be $1 or more at some point, you'll realise what a great opportunity this is.
Go and stake your DMAX-WBCH LP token and start earning right away.
2. DMAX-WBCH LP token to earn CST
There're two ways you can earn CST with DegenMaxi.
The first is by holding at least 50,000 DMAX in your wallet and receiving CST reflections from every sell transaction.
And the second is by staking your DMAX-WBCH LP token on this farm and being rewarded with CST at every block.
Note that this farm comes with a deposit fee of 2% which you can recover within 3 days at the current APR of 269.49%.
Even at an APR of 50%, you'll recover the deposit fee within just 2 weeks and everything afterwards is pure profit.
The farm is expected to last for six months starting from May 1, 2022, so if you're reading this, it's perfectly still early to invest in this farm.
Why invest in this farm?
CST is a highly valuable token with an ultra-low supply (23,674). If you find any way to accumulate CST for free, take it without thinking twice.
The APR is extremely juicy and still very high at over 260%. Even at a 20% APR, you'll be in profit in about a month.
You will be able to earn BCH on your earned CST at some point in the future.
Go and stake your DMAX-WBCH LP token and start earning CST right away.
3. CST-WBCH LP token to earn DMAX
DegenMaxi (DMAX) and CryptoSorted (CST) are two separate projects that leverage each other's resources for mutual benefits.
As such, some of our farms are designed to reward both communities with each other's tokens and that's what this farm is all about.
The farm was created to airdrop DMAX to the CST community for their support while keeping the emissions low enough to avoid any possible dump.
Why invest in this farm?
At the current APR of 314.55%, you're earning over 0.81% return on your investment (ROI) daily. That's more than cool.
You're earning a share of the trading fee generated from the CST-WBCH pool in addition to the DMAX reward from the farm.
You're earning a token that the price is expected to reach $1 or more within the months and years ahead for free.
You're exposed to 3 projects that are among the most likely to succeed on smartBCH (BCH, CST, and DMAX) with a single investment.
Stake your CST-WBCH LP token and start earning DMAX today.
Conclusion
DegenMaxi (DMAX) is an opportunity you should take seriously if you're looking for a project that can help you make significant gains in crypto, especially on smartBCH.
The tokenomics is designed to put tight control on inflation and reward our most supportive community members and investors.
There are no team allocations and all 500 million DMAX supply would be used to reward liquidity providers, facilitate community growth, and BURNED!
Join the Degen Army, let's GROW together 💪
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