TezDAO

TezDAO LP Farm Created on Matter DeFi

The Decentralized Autonomous Organization empowering the community to propose and fund projects on Tezos has a new LP farm on Matter DeFi enabling token holders to stake and earn TezDAO tokens by providing liquidity.

Matter DeFi is a farming platform that incentivizes providing liquidity to Spicyswap, the next-generation DEX at the heart of the ecosystem. In addition to earning TezDAO tokens by providing liquidity to Spicyswap, Matter DeFi pays out MTTR tokens to users through a unique and innovative model in which Spicyswap LP providers are rewarded by staking their SSLP in one of the Matter farms.

The hallmark feature of Matter DeFi is its automatic buy-back-and-burn mechanics which work at the contract level, utilizing the platform’s own Heartbeat Oracle to prevent any front-running on prices. Users stake their Spicyswap liquidity pool tokens (SSLP) in the farms, and the farm takes 5% fees on staking and unstaking, respectively. These fees are then automatically routed to buy back and then burn MTTR at a rate that is meant to keep the token deflationary.

According to the Matter DeFi team, “The value proposition of Matter DeFi is that it is genuinely sustainable as a long-term farming solution. The trade-off, of course, is that Matter DeFi requires us to rethink the “mega-APR” approach to farming incentives we’re used to. But arguably this more conservative approach through the systematic inter-workings of the ecosystem is the kind of financial and social compounding we need to ensure the success of Tezos DeFi to come, largely because it lends itself to a circular economy that offers people real utility.”

From the beginning, TezDAO intended to offer staking to token holders, and this move with Matter DeFi has now made that possible in one way while also incentivizing liquidity within the Tezos DeFi ecosystem.

Start staking TezDAO today at: https://matterdefi.xyz/#/?live=10

For more information on TezDAO please visit TezDAO.org and to learn more about Matter DeFi, visit MatterDeFi.xyz.