In addition to these warm-up campaigns, Capricorn will promote a series of campaigns for users to pull in and reward friends, encouraging the growth of the Capricorn ecosystem.
Capricorn's Bonus Week will launch together with its mainnet launch, lasting for two weeks. More details will be announced in the coming days.
As the first DEX on Cube Network, Capricorn is the first protocol incubated by Gringotts Labs, a company that plans to launch a matrix of DeFi projects to accelerate the expansion of the Cube Network ecosystem.
In the early days of decentralized exchanges, protocols faced a number of problems, such as slow trading speeds and low liquidity. Security and technical threshold issues were also some of the main reasons that prevented decentralized exchanges from taking off.
However, after a series of technical upgrades and optimizing mechanisms, Capricorn has grown to overcome the many challenges that decentralized exchanges tend to face. Built on top of Web3-dedicated Cube Network, Capricorn Finance's early successes have shown that it could very well rival counterparts built on Ethereum or BSC.
Faster and cheaper Capricorn Finance users will be able to have a faster, lower-cost on-chain experience. This is largely due to superior infrastructure - integrated with the Rollup solution, Cube Network can provide users with a maximum speed of over a hundred thousand TPS.
A higher level of security Capricorn Finance was audited by Armors, a well-known blockchain security company. Armors' badge of approval indicates lower security risk, reassuring users that they're trading on a more secure platform.
Backed by US$300 million in liquidity investments Just weeks ago, Capricorn raised US$300 million in liquidity investments from Ivy Blocks, reflecting a new fundraising model for the DeFi world and providing solid financial support for Capricorn's future growth plans.
Steady revenue streams from trading fees Capricorn's liquidity providers can benefit from a certain fixed percentage of trading fees as their rewards.
The above-mentioned series of strengths are the main reasons why Capricorn has exploded in popularity since launching its testnet.
With the official launch of its mainnet, Capricorn will provide a frictionless, efficient, high-end trading experience for a wider range of cryptocurrency users, as well as sustainable returns for more users and stakeholders.
If it succeeds, Capricorn may very well become a top DEX and initiate a DeFi market boom.
About Capricorn Finance
Capricorn Finance is the first protocol incubated by Gringotts Labs, which plans to roll out a matrix of DeFi projects to accelerate the expansion of Cube Chain ecosystem. As the debut protocol of Gringotts Labs, Capricorn Finance will provide multiple on-chain services for all crypto players, who could trade CRC-20 tokens, provide liquidity to earn trading fees, stake LP tokens, and Capricorn's governance token CORN, and also purchase new project tokens on this platform.
MENAFN21062022005728012573ID1104409430