The leading DEX partners with the two protocols to launch Dual Yield Rewards on both MNDE and SBR.
MNDE Dual Yield Rewards Live for Saber LPs
Saber, the DEX built on the Solana blockchain, announced a partnership with Quarry Protocol and Marinade Finance on Nov. 28 via Twitter post.
The partnership brings dual yield rewards for liquidity providers (LPs) on the DEX. The users that deposit funds into the mSOL/SOL pool will now earn an extra annual percentage yield (APY) paid in MNDE tokens in addition to the existing Saber (SBR) token rewards and trading fees.
“In order to earn these rewards, first head to Marinade to mint mSOL. Then, deposit either SOL, mSOL, or both on Saber to create lp tokens and start earning trading fees. Finally, head to the Saber Marinade Rewarder on Quarry to deposit your LP tokens and start earning rewards in both MNDE and SBR,” mentions the official Saber blog about these rewards.
Previously, on Nov. 24. Saber brought the first Binance Smart Chain (BSC) Bitcoin and Ethereum pools on Solana in collaboration with Allbridge. In addition to the new abBTC/renBTC and abETH/wormholeETH pools, two BSC stablecoin pools are also to Saber, namely, Binance Chain USDC / USDC and Binance Chain USDT / USDT.
Additionally, as reported previously by Solana.News on Nov. 24, Saber collaborated with Wormhole to bring Binance Smart Chain (BSC) stablecoins like USDT, USDC, and BUSD from BSC to the Solana blockchain network.
Saber is the leading decentralized exchange (DEXs) in the Solana ecosystem with a cross-chain Automated Market Maker (AMM) model. The protocol has become the prime cross-chain liquidity network for Solana, facilitating the transfer of assets between the Solana network and other blockchain networks. At the time of writing, Saber has a total value locked (TVL) of $1.05 billion, as per data from DeFiLlama.
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Source : solana.news