Yield farming platform APY Finance locks $67 million in first hour

Cointelegraph

Published Oct 02, 2020 01:50AM ET

Updated Oct 03, 2020 03:40AM ET

The DeFi sector is still going strong with the newly launched yield farming platform APY.Finance attracting more than $67 million in locked funds within one hour of launching liquidity mining earlier today.

APY.Finance’s mining contracts incentivize users to provide liquidity in the form of the DAI, USDC, and USDT stablecoins, with users rewarded with the platform’s governance token, APY.

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