Press Release: youves and Plenty DeFi Collaborate to Create Opportunities and Improve Liquidity within the Tezos DeFi Ecosystem
September 16, 2021: youves, the recently launched DeFi platform is proud to announce an exciting collaboration with Plenty DeFi to reward users within the Tezos DeFi ecosystem.
This collaboration kicks off with the launch of a PLENTY/uUSD liquidity pool on Plenty, where users can provide liquidity in uUSD and PLENTY tokens. The liquidity provider tokens can be staked in a farm to earn extra yield.
youves is a decentralized, non-custodial, and self-governed DeFi platform on the Tezos ecosystem. Users can build, buy, sell, and stake synthetic assets in a cost-efficient and transparent manner. Since its launch only 8 weeks ago, youves has experienced rapid growth to a Total Value Locked (TVL) of already over 20 million USD.
Plenty is a next-generation DeFi platform on Tezos. Incentivizing liquidity providers from other chains, Plenty rapidly emerged as the most used DeFi platform on Tezos, with a TVL of over 50 million USD. Plenty recently launched the first token-to-token Automated Market Maker (AMM) on Tezos, further expanding DeFi use cases on their all-in-one DeFi platform.
Users have been requesting more liquidity for uUSD since the launch of youves. Plenty has successfully built farms, liquidity pools, and swap (AMM) features. youves is a platform that aims to create new and valuable synthetic assets, for which it seeks collaboration with other platforms. Therefore, Plenty and youves are a great match in a decentralized value chain.
This collaboration between youves and Plenty DeFi marks a next step in the Tezos DeFi ecosystem as users will experience improved liquidity on the popular uUSD stable token, while the Plenty farm for uUSD will offer another opportunity for users.
Both platforms look forward to a fruitful long-term collaboration and are already working closely together on integrating the Plenty AMM for the upcoming uDEFI token.
The collaboration will kick off on September 16th when the Plenty/uUSD pair and farm will go live on Plenty. The first two weeks, the PLENTY/uUSD farm has a double reward rate of 8640 PLENTY/day.
About youves:
youves is a decentralized, non-custodial, and self-governed DeFi platform on the Tezos ecosystem. It aims to give users access to synthetic assets which can be created on the platform. Users are free to decide where to bake with their locked collateral. There were no preminted governance tokens at launch time.
About Plenty DeFi:
Plenty is the biggest DeFi platform on Tezos in terms of liquidity and unique active wallet users, with $PLENTY being the most liquid token on Tezos. The goal of Plenty is to expand DeFi use cases on Tezos towards a full-scale decentralized financial ecosystem. Plenty aims to become a platform governed by the $PLENTY token, empowering traders, liquidity providers, and developers to participate in an open financial marketplace.
Official links
Website: https://www.plentydefi.com/
Telegram: https://t.me/PlentyDeFi
Discord: https://discord.gg/Ph9GWPNRbv
Twitter: https://twitter.com/plentydefi
