PRESS REELEASE. AscendEX is a top cryptocurrency trading platform and will be celebrating Polygon (Curve) Yield Farming by offering an increase in APR for active users. For a limited time, AscendEX users will earn extra returns while Yield Farming with Polygon for any accounts under $10,000 USDC.

AscendEX originally announced the launch of Yield Farming with the Polygon stablecoin in July. Starting this week, users can deposit their USDC into Polygon DeFi Yield Farming and receive interest paid in USDC, MATIC, and CRV, earning up to 20% APY with a 10% bonus from September 1st to 7th! Users can also farm on AscendEX and enjoy no gas fees. It offers a seamless farming experience with a “one-click” solution.

Yield Farming Explained:

Yield Farming can be a resource-intensive process where a user allocates capital to a supported DeFi protocol and is rewarded for their liquidity contribution. The tokens that are used to reward the user will vary depending on which operating DeFi protocol they use.

Right now, one of the easiest ways to participate in Yield Farming is through AscendEX. AscendEX handles all backend integration. It removes any technical hurdles that are associated with DeFi protocols. Users can click to farm with high-quality tokens, and receive a timely yield distribution mechanism without a predetermined lock-up.

Polygon and the Ethereum Blockchain

Most current DeFi applications, including Polygon’s, are built on Ethereum, the world’s second-largest digital asset blockchain. Because Ethereum’s blockchain allows for the creation of other decentralized applications than simple transactions, it is unique.

Polygon and DeFi Yield Farming:

Polygon is a protocol and a framework for building and connecting Ethereum-compatible blockchain networks. Polygon is a framework for building and connecting multi-chain Ethereum networks. It combines the best from both sovereign and Ethereum blockchains to create a fully-fledged multichain ecosystem.

Polygon solves pain points associated with Blockchains, like high gas fees and slow speeds, without sacrificing security. In celebration of the Polygon project, AscendEX users will now be able to participate in Polygon DeFi Yield Farming with up to a 30% APR from September 1st to the 7th.

Users can start Yield Farming Polygon HERE.

This is a press release. Before taking any action related to the promoted company, or any of its affiliates, or services, readers should do their due diligence. Bitcoin.com does not assume any responsibility for any loss or damage caused or alleged by the use or reliance of any content, goods, or services mentioned in this press release.

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