For our users who want to earn a higher percentage of income from staking in $TSN tokens, we are introducing a new form of staking.
Tsunami users can now earn a higher percentage APY on their deposit, while increasing their $TSN token holdings and their income, through compound interest and a better $TSN price trend. Meet Farming on Tsunami Exchange.
How does it work and why will the $TSN price increase?
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We created a special smart contract for Farming launch. Farming contract accepts $TSN token, and stakes it on behalf of itself.
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Once per day, Farming contract withdraws all of its rewards in $USDN, exchanges them to $TSN token using Puzzle Swap.
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The resulting $TSN are staked again to ensure proper recapitalization of capital.
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Resulting $TSN are distributed between farmers using the same formula as staking.
As we can see, everything is quite simple and straightforward to use. By creating a compound interest, the user doesn't have to take care of his rewards and claim them himself, it saves him from unnecessary actions and transaction fees.
An important clarification, Farming does not lock $TSN tokens on the contract, so users can claim their rewards or originally send tokens to the Farming at any time.
Working on Tsunami Exchange we always think about the convenience of our users and the functionality of the entire exchange as a whole. That's why we will be glad to hear your comments and feedback about the new Farming feature to be added.