Crypto exchange with some of the highest APRs

2022 became a real challenge for the cryptocurrency industry, with leading assets falling and massive projects and empires destroyed. We all remember the collapse of Terra, the bankruptcy of Sam Bankman Fried’s companies and the ensuing market chaos.

But despite the prolonged crypto-winter, many experts and users remain bullish on bitcoin and believe that the underlying technology behind cryptocurrencies will flourish and be integrated into the financial systems of the future.

The mood in the industry appears to be coalescing into widespread distrust of large centralized platforms and a belief that current conditions are a weatherable storm. The question, however, is how best to get through the market’s current downturn.

With faith in centralized institutions at an all-time low, DeFi is a sector that has seen something of a revitalization. Users who have been disappointed the failure of CEXs to live up to its promises has joined purists and skeptics who have always opposed the merging of traditional finance with the technology originally launched in response to the former’s failures.

Those who have taken the plunge into DeFi have found a burgeoning industry full of opportunities and risks. In addition, careful navigators have found that the right DeFi projects represent the best places to not only wait out the market’s current turbulent waters, but to profit and make the most of the situation.

FlatQube offers a potential way forward

One of the DeFi ecosystems that has recently experienced an influx of users has been the Everscale network. Everscale has established itself over the past couple of years as one of Asia’s premier blockchains, primarily by virtue of its ability to scale to any load required of it and the impressive DeFi platforms built around it.

One of these platforms is FlatQube, a DEX run by the Broxus development team, which has been responsible for the creation and distribution of a majority of the Everscale ecosystem’s offerings. In addition to trading assets, users can take advantage of the many farming and betting opportunities on the platform with some of highest APR rates in the industry.

The best features of FlatQube

Stable couples

Today, given the bear market conditions, progressive drop in investment prices and the collapse of the biggest players in the crypto industry, people are afraid to risk their assets. In this case, stablecoins designed to maintain their price associations no matter what happens in the crypto market or the wider economy become a preferred safe haven among crypto users to protect their holdings from market volatility.

By entering a stable pair, users do not lose anything and even get the opportunity to gradually earn and increase the profitability of their pools by vote on the DAO, for example. FlatQube offers users some of the highest APR rates – for the USDT-USDC pair, rates can reach between 29% and 75% depending on DAO voting.

Crop farming

FlatQube offers a unique farming and aggregation tool with an active development team working on new strategies to earn users higher returns all the time.

FlatQube works as a DAO, so the management of the earning mechanisms on the platform has actually passed to the users – liquidity providers and QUBE holders. With the help of voting, users can not only influence the management of the network, but also manage the profitability of FlatQube farming.

Every other week, the DAO coordinates the prizes paid out in QUBE, the platform’s native governance token, for the farming pools participating in the vote. The pool with the highest number of votes receives the highest honors in the next breeding period.

If users don’t want to have a token to participate in community life, they can increase farming to maximize income. By placing LP tokens in agriculture, users can lock them for any period of up to two years. The longer users keep their tokens in the pool, the higher their APR. The maximum farming increase is x1.5 of the nominal APR when you lock LP tokens for two years.

In order for users to visually see how Boosted Farming works, the FlatQube team has developed the Farming Boost Calculator. There is a built-in interface on FlatQube that allows users to assess potential farming profits in an understandable way.

STORM

When users wager with depools, they can make the most of a pool’s APR. However, profitability changes depending on the amount of liquidity and the number of users betting. Prices fluctuate daily, and depending on how long you lock in your tokens, you may end up getting a lot less back than you first imagined. stEVER tokens drastically reduce this risk using a balancing mechanism.

It is designed to keep the APR as high as possible. To do so, the balancer manages stake distribution between depool contracts. It ensures that the laps are not overloaded and that the pools work at their peak.

Liquid staking is a new method of earning income for EVER token holders. With it, you no longer need to lock in tokens for a certain period of time to receive rewards. When you turn on the floating bet option, you can do both at the same time.

Namely, bet EVER, receive stEVER (staked EVER) tokens in return, and participate in DeFi to generate additional returns or in EVER DAO to vote on proposals.

Npools

In addition to the typical two-token pools, FlatQube also offers N pools. They can include three or even more tokens, allowing users to pool all their liquidity into one pool. This makes the selection of a pool for investment easier and at the same time reduces the slippage rate.

Safety first

The key to all this working is that it’s all user controlled; users choose the duration of how long their assets will be locked in farming pools and have control over platform management.

Farming on FlatQube is available in user wallets, which means assets don’t have to be handed over to a third party, and no one has to make a jump when participating, which has proven crucial given recent events.

Of course, FlatQube isn’t the only platform that offers beneficial farming opportunities at the moment, but the model has turned heads, especially now, as a potential way forward out of the dark forest that the industry finds itself in.

The current crisis of faith is likely to profoundly reshape the cryptocurrency space. Yet, if it is to have a sustainable future, it must make up for what drew people to it in the first place, namely its potential as a vehicle for economic reform.

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