CART. Finance V2 is LIVE! Participate and Enter the CART.Finance Farm, Pool and NFT Staking!
On May 10th, we are so thrilled to announce the CART.Finance is live on Ethereum maninnet and we start the second chapter of our journey. In the CART.Finance, you can join the FARM, POOL and NFT Staking to experience the DeFi product.
Here is a detailed Tutorial about how to use it.
As a DeFi experimental platform, CART.Finance has been upgraded to a whole new level. On May 10th, it officially launched the V2 version, which financialized NFT. For details, please see the tutorial.
CART.Finance: a new DeFi component
At present, from the perspective of the whole digital finance market, the Marketplace and the P2P transaction protocol will continue to coexist in the future. Although the supervision of DeFi in the real world has been hindered, it is undeniable that the impact of resistance has also accelerated the arrival of DeFi 2.0. If NFT trading is compared to a gold rush, DeFi is a good shovel for gold mining.
After a long period of research and team decisions, CART.Finance has made a new V2 upgrade. In the new V2 version, the team provides three components to adapt to the market’s needs: NFT, Pool and Farm.
NFT Staking: “Liquidity” Locking of Infinite Cycle
As the largest NFT trading platform in Asia, CryptoArt.Ai is a typical Marketplace in essence, and NFT, like works of art, has great difficulty in value discovery, value evaluation and circulation. How to consider the two attributes and achieve better impact are questions being explored in the market now.
CryptoArt.Ai re-heats the token CART and adopts the method of staking token-obtaining bCART- exchanging Card to realize the secondary circulation of NFT. Users only need to stake CART (the minimum stake is 2000CART) to the official pool and get bCART as their voucher to achieve the redemption of the Card. Of course, the redeemed Card can be used for market transactions.
Pool: Good things worth the wait
In Pool, the product is like a single-currency staking product, where users can earn rewards by simply “pledging CART, Earn CART”. This is a basic, and essential liquidity requirement for the DeFi process.
Unlike the high APY attraction of liquidity mining created by AC, CART.Finance takes a more steady financial approach by locking stake, which will increase the Token weight factor by 2x. During the period, CART will be locked and cannot be withdrawn, and the revenue can only be withdrawn when the agreed time arrives. You can choose a locking period of from 1 week to 52 weeks, the longer the staking period, the bigger the token weight, and the higher the digging efficiency.
Farm pool: remix with Uniswap V2
Farm pool is a combination of CryptoArt.Ai and Uniswap V2, in short, it is a way to benefit from UNI-CART’s Liquidity Provider pool on Uniswap. Similarly, users can component UNI-CART’s LP and enjoy doubling factor benefits.
Since CART is the ERC20 token first established on Ethereum, this method is based on the liquidity of Ethereum. If users want to use the liquidity provided on Binance Smart Chain, we will provide the corresponding liquidity pool in the later stage according to users’ needs and feedback, and continuously expand the financial attributes of CART.
Future plans
What kind of chemical reaction will happen when low-frequency NFT trading is equipped with high-frequency decentralized trading and financial components Pool and Farm? With its outstanding characteristics in NFT trading market, CryptoArt.Ai occupies a place in the Asian NFT market. As its DeFi financial platform, CART.Finance tries to attract more users with the structure of NFT+DeFi, making it a more comprehensive and beneficial attempt to improve the liquidity of NFT!
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