If you haven’t had a taste of CurrySwap yet, let us introduce you to the latest HyFi development that you don’t want to miss out on. The CurrySwap ecosystem is made up of five vaults that are all designed to leverage your Curry earnings while seamlessly enhancing your yield farming experience.
The CurrySwap project has incorporated the best of both worlds. The project offers three tokens that facilitate your yield farming earnings leveraging the advantages of two blockchain networks. With tokens built on both the Ethereum and the Binance Smart Chain (BSC) networks, they seamlessly work together to optimize the integrated yield farming protocols. The project launched in 2020 and has successfully undergone two audits from esteemed firms as well as built up a sizable market cap in such a short space of time.
The CurrySwap Ecosystem
The CurrySwap project is a multi-dapp ecosystem that can be broken down into various delicious courses, including the Curry Food Vault / Auction Lobby, the NFT Airdrop Rewards and more recently the Chili Yield Farm Aggregator.
For a glimpse into the ecosystem, the Curry food vault is where users can stake their CurryV2 tokens and take advantage of the high yield certificate of deposit staking portal alongside an auction lobby. Users can bid CurryV2 tokens and earn ETH/BNB in the daily auction of distributed tokens. Then we have the NFT airdrop rewards which are given to users staking Curry tokens in the various protocols. The Chili token is a reward token that can be redeemed for future rewards and is earned by staking CurryV2 into the Chili yield farming aggregator (more on this below).
Introducing The ChiliSwap Yield Farming Aggregator
The ChiliSwap yield farm aggregator is built on the Binance Smart Chain (BSC) and is designed to simplify the yield farming process through the use of more advanced vaults (smart contracts). Users can contribute CurryV2-BNB tokens to participate in the Chili IFO program, which will have the same methodology as the IFO program offered by PancakeSwap.
ChiliSwap Yield Farming Aggregator
The ChiliSwap platform allows users to engage in auto compounding and yield optimization on all ChiliSwap LP pairs and Curry and CurryV2 staking. By providing liquidity and staking Curry tokens in the various vaults users will earn Chili tokens as a reward and extra incentive. Users have these three options to choose from:
• ChiliSwap yield farming aggregator allows users to compound Curry and earn Chili tokens.
• Compound LP tokens by making use of the vault strategies, which simultaneously distribute Chili tokens as rewards.
• Finally, users can also stake Chili or Chili/BNB LP to earn more Chili tokens.
These vaults range in APY’s (annual percentage yield) of 70% right up to 2,300%.
Simplifying the process, ChiliSwap allows users to create a desired LP token in just one click. Called the “zap” function, this provides a means for seamless liquidity provision by making use of the CurrySwap automated market maker (AMM) used for all available pairs. This streamlined function saves you the hassle of having to create one yourself, and instead allows you to create your LP by simply providing a single asset (and comes free of charge).
All you will need to do is select the pair you would like to create, which deposit currency you would like to use, and click Zap. Simple as that you will then have your own LP tokens which you can use to compound or farm in the ChiliSwap vaults.
This BEP-20 token is issued on the Binance Smart Chain and can be earned by staking CurryV2. The token is required in conjunction with CurryV2 to create new liquidity pools and project listings on the CurrySwap platforms, as well as a reward token that can be redeemed for future rewards, such as custom trading card NFTs.
Ethereum — BSC Interoperability
While we are still working on this we are excited to announce that the CurrySwap team is creating protocols that allow for cross-chain farming (Ethereum — BSC).
This will allow Ethereum users to dual farm, making use of the liquidity from UniSwap as well as PancakeSwap farming. This allows Ethereum users to make the most of the CurrySwap ecosystem and reap the rewards from BSC without interacting with the BSC chain at all.
While we continue working on the cross chain functionality, we also have several other developments in the pipeline. With our community taking an active role in the development of the project, we have outlined several proposed changes which will be executed based on the community’s response:
• Spicy staking rewards and Curry pools
• Initial Farm Offering
• Trading Discounts
• Liquidity share mining
• Liquidity pool fees
• V1 to V2 conversions
• A token burning mechanism
• A platform reserve
Here is an updated timeline for the CurrySwap ecosystem!