Place/Date: Dublin, Ireland - February 21st, 2022 at 3:23 pm UTC · 3 min read
Contact: Raven, Source: Ravendex Labs
Ravendex team is proud to announce the launch of its staking platform, it is a Cardano crypto project that intends to build and developing a host of Defi Services including a completely decentralized exchange platform on the Cardano ecosystem.
Ravendex is “is the first non-custodial Decentralized Exchange on the Cardano Blockchain that allows swift and near-instant transfer of assets and liquidity between native Cardano tokens and ADA.” Hence, users can swap cardano native tokens independently of an intermediary party during their transactions.
Working across several tokens on the Cardano Blockchain, its operation is based on the EUTXO model with unique features that include the ability to split shared liquidity among different Cardano-based assets.
More so, it belongs to the pioneer exchanges that brought crypto asset borrowing and lending to the Cardano Ecosystem. Thanks to this innovation, cryptocurrency investors can easily borrow or lend out their digital assets on the Ecosystem.
According to the team, Ravendex is currently trading on two exchanges – Muesliswap and Sundaeswap. That’s in addition to trading on Bitmart to give users a wide range of options.
The permissionless Rave staking platform with 12% APR is live now with over 30 Million Rave tokens already staked while the team is close to launching its DEX testnet.
The project aims to transform into a full DAO governed by Rave NFT Holders, over 10,000 pixelated raven birds and a native staking platform on the Cardano Blockchain which are currently minted.
The team seized the opportunity to announce its new fundraising mechanism, the Initial Stakepool Offering. The ISPO will allow the “Cardano community to support their favorite project without letting go of their ADA assets but instead, leveraging Cardano’s native reward incentive structure.”
Interested delegators can stake their ADA to the RAVEP stake pool and earn $RAVE rewards.
The deserving delegators who stake their ADA on the Ravendex stake pool will be rewarded with a portion of the staking rewards.
To ease the staking process and put investors’ minds at rest, they can stake ADA without locking their token or the tokens leaving their wallets.
Cryptocurrency investors who are interested in the ISPO can participate through their Yoroi or Daedalus wallets. ADA holders can use either of the wallets to assign their assets to a stake pool and get staking rewards in exchange.
To benefit from this offer, participate in the Ravendex ISPO by using the Ticker RAVEP to delegate to Ravendex stake pools. You will receive $RAVE tokens in reward for the staking in line with the staking duration and ADA staking amount.
Social Media: GitHub, Telegram, Twitter, Documentation, Medium.
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