A new chapter started on SmartBCH, when Tango Swap landed on the SmartBCH. The new DEX was ready to teach people to dance with SEP-20 tokens, in a more secure way. The extra layer of confidence was given by the two names behind the project, two well-respected Bitcoin Cash supporters: Ian Blas from Bitcoin Cash Argentina, and Fernando Pelliccioni from Knuth development team.
The high APY made me power farm $TANGO, using the most efficient LPs in the list. I provided liquidity in Tango - XTango at 2488% APR and Tango - wBCH at 2914% APR. The stash of $TANGO kept growing in Rock 'n Roll beats, but the bear run made it feel like a broken trumpet.
I danced on Tango Swap for about one month, and even the Club1BCH Treasury used $TANGO for financing events. Even if the APR was slowly getting lower, the reward was staying high by using constant reinvestment of $TANGO into the Tango - xTango LP.
The rock 'n roll kept playing and the dance floor kept hot for many days. I seen $TANGO going up and going down, and even if it went mostly down ... I kept farming. I started with some Bitcoin Cash and approximately 500 Tango, and kept adding the profits in the pool.
But I got tired of dancing on quick tempo, and I am getting too old for the fast pace required in Liquidity Pools. At 8.70% I don't feel like dancing anymore. This was the moment when I decided to withdraw the LP and enjoy a slow Viennese Waltz!
Withdrew the 573.6 xTango-Tango LP, valued at 87.81 USD, and decided to maximize yield by staking xTANGO. Staked the whole Tango stash and added 1181.96 xTango into the TangoBar.
The swap fee for every exchange will be proportionally distributed to the xTango stakers and the xTango will continuously compound until it gets unstacked. Let's dance slowly and let the residual income compound.
The SmartBCH Spotlights series:
1. Cash Cats ($CATS) - the first meme token on SmartBCH with 1,000,000,000 total token supply
2. BCHPad - a decentralized IDO protocol built on the SmartBCH chain, creating a simplified method to invest in new SEP20 tokens
3. AxieBCH - Gaming Guild - a simple business model and a provision for players to create a play2earn source of income.
4. BlockNG & LAW Punks - the platform powered by the $LAW token, which can be used to buy LAW Punks NFTs.
5. CheckBook - the system that evolves the airdrops, as the tokens are sent through cheques and must be accepted.
6. Konra Token - a token with unique tokenomics and a project that will become a multi token ecosystem.
7. Tango Swap - The first SmartBCH DEX with publicly known developers.
8. GAME - The the universal gas token for the AxieBCH gaming guild that grows in the holder's wallet
9. Narath - The reward token meant to serve as an incentive of the holders that use Konra on SmartBCH.
10. Oasis.Cash - The specialized and fully decentralized NFT Marketplace on SmartBCH
11. 1BCH DEX - New DEX with high APY pools and auto-compounding sprinklers
DeFi bounty at CakeDeFi with $30 DFI for new users