Curated News
By: NewsRamp Editorial Staff
April 03, 2024
Pond Ecosystem Empowering Crypto Holders with DEX Functions and Layer 2 Blockchain
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- Join the Pond0x ecosystem to gain value and power back from Venture Capitalists in the crypto space.
- Pond0x is a decentralized platform offering DEX functions, allowing users to swap ERC-20 tokens and bridge assets to/from other chains.
- Pond0x gives power and value back to the holders, offering regular rewards, free claims, and DeFi yield farming mechanisms via the platform token $PNDC.
- Pondex has done over $679 million in volume and given back $28,560,000 in claimed rewards to its users in its first 200 days.
Impact - Why it Matters
The creation of the Pond ecosystem is important for crypto holders as it aims to give power and value back to them, offering benefits such as regular rewards and lower fees through the MAGMA Layer 2 blockchain. This shift towards empowering users in the crypto space could potentially impact the industry, making it more accessible and beneficial for smaller investors.
Summary
The Pond ecosystem, created by controversial crypto personality Jeremy Cahen AKA @Pauly0x, aims to return power and value to crypto holders. It offers basic DEX functions, regular rewards, and easy DeFi yield farming via the platform token $PNDC. In its first 200 days, Pondex has done over $679 million in volume and given back $28,560,000 in claimed rewards to its users. Additionally, the ecosystem includes the Layer 2 blockchain MAGMA, which aims to solve current issues in the crypto environment by offering lower fees and a multichain liquidity network.
Source Statement
This curated news summary relied on this press release disributed by BlockchainWire. Read the source press release here, Pond Ecosystem Empowering Crypto Holders with DEX Functions and Layer 2 Blockchain
