Puffer Finance, a leading DeFi protocol for seamless staking and yield farming, has announced its latest collaboration with Kyo Finance, a Soneium-based decentralized exchange. The partnership takes into account the integration of Puffer Finance with Kyo Finance to launch the latest ETH/pufETH liquidity pool. The platform disclosed this endeavor on its official social media account on X.
Puffer Finance Releases ETH/pufETH Liquidity by Integrating with Kyo Finance
By partnering with Kyo Finance, Puffer Finance intends to boost liquidity. In this respect, it leverages the cutting-edge intent-based batch transfer mechanism of Kyo Finance along with a real-time voting system. The consumers can provide liquidity to the ETH/pufETH pool to get significant rewards. These rewards include pool APR, a 1.5x boost in the case of ACS rewards, $CARROT incentives, apart from extra Kyo Credit.
Kyo Finance enjoys a noteworthy status for the ve-tokenomics model thereof. This model plays a vital role in linking splintered liquidity pools throughout diverse chains. By using an intent-based mechanism, Kyo Finance optimizes transfers and decreases insufficiencies. This lets liquidity providers maximize returns. The ETH/pufETH pool’s inclusion is in line with Puffer Finance’s objective. It delivers a relatively profitable and simplified method for consumers to take part in decentralized finance. It allows users to get Ethereum staking yield’s exposure while ensuring liquidity.
Offering Attractive Rewards for Users Contributing to Pool with Liquidity
According to Puffer Finance, the consumers contributing to the ETH/pufETH pool with liquidity will get enormous rewards. Hence, those interested in capitalizing on the respective incentives just need to offer liquidity through Kyo Finance. Following that, they can also keep a track of their rewards as well as manage the portfolio thereof. As the integration between Kyo Finance and Puffer Finance unfolds, the consumers can witness unparalleled rewarding opportunities.
