ApeSwap Partners with RelayChain to Host Incentivised Liquidity Pools and Staking on BSC

- November 19, 2021

Liquidity Pool on ApeSwap on the Binance Smart Chain

The RelayChain team is excited to announce that ApeSwap will be hosting an incentivised liquidity pool for the RELAY token. The initial pair will be RELAY/BUSD which will be rewarded in BANANA. There will also be a stake BANANA earn RELAY pool.

ApeSwap is a leading decentralized exchange (DEX) on Binance Smart Chain and Polygon focused on offering a premier trading experience. They have amassed an impressive TVL of $340,000,000 and a daily trading volume north of $50,000,000. Users are incentivized to pool liquidity on ApeSwap through yield farming to earn the native currency, $BANANA. Additionally, apes can use their earned $BANANA to stake and earn other tokens and unlock exclusive features. Built by DeFi apes, for DeFi apes, they have a dedicated team with years of experience who are committed to the DeFi community and growing the ApeSwap Jungle.

RelayChain enables fast, secure and low cost cross-chain token transfers between the worlds leading blockchains. The platform offers Bridging as a Service (BaaS) to partner networks and dApps wishing to expand their footprint beyond a single chain. RelayChain currently supports bridges between any combination of Cronos, Harmony, Moonriver, IoTeX, Ethereum, Polygon, Binance Smart Chain, Fantom, Avalanche, Shiden and HECO. Multiple popular networks will be added in the near future. A unique feature of RelayChain is that once a token exists on our platform, it can be bridged to any other EVM in our list of networks. This can be done in one step without need to return to the parent chain first. This represents a major feature of speed and convenience for all of the users. The RELAY token holds high utility as it will be used to reward stakers with a share of the native gas tokens collected from bridging fees. It’s a deflationary token; the more transactions that occur, the more RELAY is bought back and burned. RelayChain can quickly enable any project’s tokens to be bridged at no cost to the project.

Why is this great news for the ApeSwap and RelayChain community? Both groups will be able to earn high value tokens in RELAY and BANANA. Users will be able to stake their RELAY/BUSD LP to earn BANANA. They can then use that BANANA (or purchase more) and stake that to earn RELAY. They can then take that RELAY and bridge it to Polygon, Avalanche or Moonriver and then stake it to earn the native gas tokens of those chains. As the bridge volume on BSC picks up (primarily due to this great partnership) there will eventually be staking to earn BNB. The timing of this partnership may turn out to be fortuitous with the recent announcement that the official Binance bridge will be closing. Relay will be able to bridge a multitude of popular assets to BSC and Apeswap that currently do not exist on the chain. Those assets would provide a conduit for users to seamlessly move their funds into BSC and ApeSwap from 10 other networks. And if you didn’t already know, It’s bridge season!

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About RelayChain

The race to bridge DeFi is over with RelayChain. Conduct nearly instant cross-chain transfers between any combination of Ethereum, BSC, Avalanche, Polygon, Cronos, Moonriver, Harmony, IoTeX, Shiden, HECO, Fantom and many more to come! Become a partner with the most interconnected name in DeFi and secure tour bridge benefits early!

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