MuesliSwap Yield Token

MuesliSwap Yield Token

MuesliSwap Yield Token MYIELD Rank #5538

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All about MuesliSwap Yield Token (MYIELD) Token. What is it, price and performance

MuesliSwap Yield Token Exchanges

Exchange Market Pairs Buy
MuesliSwap DEX WMT/WADA -
MuesliSwap adds, step by step, the liquidity pools to the Milkomeda and Cardano mainnets. To incentivize the provision of liquidity within the MuesliSwap protocol, we are introducing the Muesli Yield Token. Muesli Yield will have a limited set of utilities on Milkomeda (none on the Cardano mainnet) and can be staked for MILK call options. By placing the Muesli Yield token, you can convert it into MILK call options (1 call option = 1 MILK token) with a strike price of 1 ADA and no expiration date. You stake 100 MYIELD for 30 days to get 1 MILK call option. This staking process can be repeated multiple times until all allocated MILK tokens are distributed. Note: Initially, we had planned for MYIELD to be burned after getting the call option on MILK. After community feedback, we have decided that MYIELD can be staked and MILK call options can be won multiple times until the allotted amount of 1 million MILK call options (= 1 million MILK tokens) is distributed. MILK). This means that the token will not be burned after participating in the staking. After this initial phase of distribution, MYIELD will have a limited set of users on Milkomeda. MILK will continue to be the primary governance and utility token for MuesliSwap on the Milkomeda and Cardano mainnet. Note: Muesli Yield token staking is expected to go live once liquidity pools are launched on the Cardano mainnet (expected end of April 2022). Farming in Milkomeda should start sooner. This is the first time you can farm call options. We are excited to bring new professional trading tools to the Cardano network, keeping MuesliSwap at the forefront of DeFi innovation.