Btcix is a Chain based DEX.
It is similar to Ethereum's SushiSwap (community governance, farming of liquidity provider tokens), but has many other features that allow you to earn rewards.
Participants in the crypto world have been caught in a food-based farming frenzy for months. With this new flow of DeFi protocol, we have witnessed the emergence of a large number of platforms that allow users to earn from the protocol's tokens by staking their funds.
Most of these events take place on the Ethereum blockchain. As one of the first blockchains to support smart contracts, Ethereum has a growing community of users and developers, as well as numerous tools for developing powerful decentralized applications.
In this article, we will examine ShuttleSwap, a decentralized exchange built on the Btcix Ecosystem.
ShuttleSwap uses an automatic market maker (AMM) model. This means that when buying and selling digital assets on the platform, there is no order book where your orders are matched with those of others. Instead, you make your trades against a liquidity pool.
Liquidity pools are filled with funds from other users. These users earn liquidity provider (or LP) tokens in exchange for depositing their funds into the pool. They can use these earned tokens to claim both their share and a portion of the proceeds from transaction fees.
In short, you can buy and sell Btcix-20 tokens or earn rewards by adding liquidity. You can also take advantage of other features that we will talk about in the following sections.
There are different types of LP tokens. For example, if you add CSS and BTCIX to the pool, you will receive CSS-BTCIX LP tokens in return.