Apollo Community Farming Event Extension

Apollo is extending the Community Farming Event.

After the initial 3m Apollo tokens are distributed, we will be adding an additional 6m Apollo tokens to the 2nd stage of the Farming Event. The other side of having attracted such a large amount of TVL is that we also need to be more aware of the increased selling pressure that our vaults could have, which is something we are very keen to avoid.

They will therefore be reducing the performance fee (that is used to purchase Apollo tokens), with the remainder being used to compound back into the LP position. This will also have the added bonus of extending the Community Farming Event for a longer period.

About Apollo

Apollo is Yield Management Platform, Built by DeFi Users for DeFi Users.

INFO

https://apollodao.medium.com/apollo-community-farming-event-extension-b7a39ae91a8b

Source: https://thebittimes.com/apollo-community-farming-event-extension-tbt2908.html?utm_source=blogger_source&utm_medium=blogger_medium&utm_campaign=blogger_cam

Category: DeFI News

Post by: TheBitTimes.com