​​DeFi project 1inch allows its users to get Quadro profit! A | Gimme The Coin

​​DeFi project 1inch allows its users to get Quadro profit!

As soon as Bitcoin made a splash, the Decentralized finance segment of the cryptocurrency again became the main newsmaker. After a sharp rise in the summer of 2020, investments in this area continue to grow. And now it has become known that the market capitalization of DeFi has surpassed the capitalization of XRP. Today this figure is $32.48B billion.

Meanwhile, the top DeFi project 1inch launched ‘quadro farming’ program. Why ‘quadro’? Cause it offers users as many as four ways to collect rewards from a stETH-LDO pool. Users that provide liquidity to the pool will be rewarded in 1) 1INCH tokens 2) portion of pool swap fees 3) stETH tokens 4) LDO tokens.

The program started on February 2, midnight, and will run for 4 weeks. 0.02% (300k) of the 1INCH token total supply will be distributed as rewards among the participants.

Also, 1inch has updated its liquidity protocol to version 1.1 and they have already proofed that it is super-efficient for bootstrapping newly issued tokens as it is for established coins, by launching the liquidity program around the ETH-OPIUM pool.

“I see a massive potential in yield farming programs of this kind, as our liquidity protocol is well suited for bootstrapping the liquidity of new tokens in DeFi,” says Sergej Kunz, 1inch co-founder and CEO.

“As a result, tokens can benefit from our liquidity protocol as their price becomes more stable, facilitating successful development of the related projects,” he adds.

To cut a long story short, taking part in 1inch farming program is, probably, the best way to make a profit by doing practically nothing. Providing liquidity to at least two pools, which are stETH-LDO and stETH-LDO feels like a necessity.