Le Lézard
Classified in: Science and technology, Business
Subject: PDT

HedgeTrade Introduces Steaks Finance - A Fair Launch DeFi Token with Lasting Power


SINGAPORE, Sept. 28, 2020 /CNW/ - Active crypto prediction marketplace HedgeTrade launches decentralized exchange and DeFi token for liquidity providers and yield farming earning opportunities.

HedgeTrade is pleased to announce a closed-loop DeFi initiative to add new ways to earn tokens in conjunction with its leading crypto social trading platform. 

"Steaks Finance is the realization of everything about DeFi done right -- no pre-mine, no investors, and no advisory tokens. Like other DeFi platforms, Steaks is designed to exist in perpetuity on its own, but by integrating with HedgeTrade, we create a closed-loop ecosystem and create a practical application for STEAK tokens," David Waslen, CEO & Co-Founder of HedgeTrade and Steaks Finance said. "By layering in DeFi models, we will be creating a community-driven ecosystem where you can farm, stake, use, trade, govern, and earn STEAK and HEDG tokens."

Steaks Finance addresses the need for proper long-term use cases for DeFi tokens -- allowing users to do more than provide liquidity and earn a portion of the swap trading fees. With Steaks, users can yield farm STEAK tokens and will eventually yield HedgeTrade commissions as well as vote on how the protocol evolves. Combining these models will make this an unprecedented all-in-one ecosystem.

"With Steaks, HedgeTrade is answering the gaps left by other DeFi initiatives -- allowing you to earn beyond farming and trading fees which is by integrating with an already viable platform that allows you to earn both STEAK and HEDG tokens in multiple ways," Waslen said.

Steaks will distribute future fees from various HedgeTrade business lines into the Steaks platform. For example, commissions generated on HedgeTrade will be distributed to STEAK holders via the Steaks "SteakBar" pool. In that way, the STEAK yield farming will not end, even when STEAK genesis distributions end.

Over the next six months, the team will also focus on expanding the HedgeTrade/Steaks Finance ecosystem, and work towards:

The launch of Steaks Finance is a natural fit and evolution for HedgeTrade. It enables a fair opportunity for people to earn a new token which can be swapped for HEDG tokens to be used on HedgeTrade. The goal is to create value for the HedgeTrade ecosystem -- and bring the entire platform one step closer to being fully decentralized.

About Steaks Finance

Steaks Finance is a decentralized exchange and Fair Launch DeFi Token that can only be yield-farmed on steaks.finance.

To learn more, visit Steaks.Finance or @SteaksFinance.

About HedgeTrade

HedgeTrade is a blockchain-driven social trading platform where the world's best traders share their knowledge. Traders post predictions into a smart contract-powered Blueprint that users can purchase or unlock in order to access. When the Blueprints are correct, traders are rewarded, otherwise, the user's purchase is refunded.

To learn more, visit HedgeTrade.com or @HedgeTradeHQ.

SOURCE HedgeTrade


These press releases may also interest you

at 01:35
Teck Resources Limited ("Teck") today announced its third quarter 2020 results, and provided an update on the significant progress made to advance priority projects and reduce costs. "We made significant progress during the quarter on our priority...

at 00:34
One of the most challenging tasks for Western scholars is understanding China. The differences in their cultures overshadow the interpretation of China in Western discourse. As a result, China is regularly portrayed according to Western expectations...

at 00:30
StorageUnits.com, a reliable and easy guide for the most convenient, secure, and affordable storage facilities, has announced the Best Self-Storage Units in Glendale, AZ The research identifies 21 top storage unit facilities in the city based on...

at 00:25
StorageUnits.com, a reliable and easy guide for the most convenient, secure, and affordable storage facilities, has announced the Best Self-Storage Units in Conroe, TX The research identifies 20 top storage unit facilities in the city based on...

at 00:15
Highlights1Performance during the third quarter of 2020 has improved from the prior two quarters, with profit before tax increasing in two of our three global businesses. Lower charges from expected credit losses are the result of the improving...

at 00:00
MemoryCare.com, a comprehensive resource for caregivers and older adults living with memory impairment, has announced the Best Memory Care Facilities in Naples, FL. The guide identifies 10 memory care communities based on location, access to experts,...



News published on 28 september 2020 at 18:07 and distributed by: