ApeSwap Expanded to Telos

It was just on the first week of October, Telos stakeholders voted unanimously  to pass TEDP3. The basic objective of the TEDP3', which  incorporates the  Telos Fuel Incentive Program, is to establish a vibrant decentralized finance (DeFi) ecosystem within tEVM and Telos Native. The team's role in the program is to assess, distribute, and manage liquidity and incentives in order to build a strong  DeFi ecosystem by raising the chain's existing Total Locked Value (TVL) through  various means. Since TVL and the entire value of an ecosystem in the business are  directly correlated, boosting TVL also means growing TLOS appeal with deeper  liquidity to the larger ecosystem.

Apeswap and Telos on a Partnership.

ApeSwap, a leading decentralized exchange (DEX) on Binance Smart Chain and Polygon, provides users with a first-rate trading experience. The platform offers a variety of DeFi products, including swaps, farming, and staking. Apeswap announced its expansion to Telos, their fourth supported blockchain, on October 20th. Because of the products offered by ApeSwap, this partnership will benefit the Telos community and ecosystem more.

ApeSwap on Telos supports the following products:

• ApeSwap DEX: Extensive liquidity on Telos across six major tokens (BANANA, ETH, BTC, USDT, USDC, TLOS).

• Telos Farms: Earn TLOS by staking LPs.

• Treasury Bills: Sell your LPs and get a discount on TLOS.

• Bridging: Users can now easily and quickly bridge BANANA to Telos using Multichain.

ApeSwap and Telos will share 50% of all post-buyback and burn DEX revenue for the first 12 months of our partnership. Telos transactions on the ApeSwap DEX incur a 0.2% DEX fee, which includes:

• 075% will be used for buybacks and burns.

•.0375% will be set aside for the ApeSwap Treasury.

• Telos will receive.0375% of the funds.

•.05% will be set aside for LP providers.

Users can also earn the.05% LP provider fee on each transaction by adding liquidity to the Telos Liquidity pools on the ApeSwap DEX.

This new Telos partnership expands earning opportunities for Telos EVM users who enjoy passive income. While using ApeSwaps products with Telos, you will receive all of the benefits and best features that Telos has to offer.

If you are interested on vesting but you don't have a Telos EVM asset, you can bridge your token using multichain.org here's a video tutorial.

To know more about Telos kindly visit its website, also follow its twitter account @HelloTelos .

You can also follow ApeSwap’s twitter account  and visit ApeSwap website .