Timechain, a Canada-based registered Money Services Business (MSB) specializing in digital asset management and DeFi services, has just launched Automated Market Maker (AMM) liquidity pools, yield farming and staking functionality on its TimechainSwap DEX.
TimechainSwap is actually popular in the crypto community for a DEX aggregator present on the Fantom, Binance Smart Chain and Ethereum blockchains which connects to multiple decentralized exchanges into a single platform.
TimechainSwap allows users to find the best swapping routes across each integrated platform. Special mention must be made to the fact that the project is also developing its own DEX platform. With it, it is adding DeFi features aimed at suppling liquidity and support to its native TCS token as well as promoting other tokens.
New liquidity pools will encourage users to provide liquidity to the platform as they will be rewarded for doing so with fees generated by trades on the platform and LP tokens that can be deposited into farming pools to generate additional returns. Each trade will be subject to a 0.3% fee, while a 0.2% will be returned to liquidity providers and 0.1% to Timechain’s TCS Buyback program.
The available liquidity pools at the moment of launch are TCS/FTM, TCS/USDC, TCS/DAI, FTM/USDC and FTM/DAI.
Liquidity providers will be able to deposit LP tokens into liquidity farms and earn rewards in TCS thanks to yield farming on TimechainSwap. Liquidity providers will earn a share of the 20,000 TCS every month based reward embedded into the farming smart contract.