Santa Fe launches Famososwap on Polygon with Yield Farming
We are pleased to inform the general public that Famososwap will be live on Polygon with LP staking to earn $CIFI token on Saturday 19th March.
Famososwap is a decentralized exchange aggregator that enables users to swap cryptocurrency quickly and easily across multiple markets. While operating its own liquidity pool, Famososwap gives users the ability to swap all their favourite tokens using just a single DEX, something which is still a major issue with centralized exchanges, while providing the best prices available and protection against price impacts.
As an aggregator, Famososwap is a never ending liquidity pool DEX with a sophisticated aggregator algorithm that is designed to make numerous calculations to give users the best swap rates across multiple liquidity markets.
In the beginning, Famososwap will act as an AMM for swapping of cryptocurrencies across different markets. As we progress in development, Famososwap will also introduce a lot of financial products such as leverage trading, DEX-pegged stocks and other commodities as part of Santa Fe’s greater plan for a true decentralized finance product.
Famososwap will launch its first yield farming pool using CIFI-MATIC on polygon network, LP providers will be able to provide liquidity on CIFI-MATIC pair and earn $CIFI token by staking those LPs.
Date: 19th March 2022, 5pm UTC
Total Reward: 2,592,200 CIFI
Lockup: minimum of 45 days lockup on LP staked(Rare Metalands NFT rewards for users who lock their LPs more than 90 days).
Duration: 180 days
Smart contract address: 0x12365293cb6477d4fc2686e46BB97E3Fb64f1550
DEX (where to provide LP): Famososwap (Swap and Provide LP on Famososwap)
How to provide LP: https://www.youtube.com/watch?v=hwBN88XKbqI
How to stake LP: https://www.youtube.com/watch?v=VTXwerk5hmc&t=127s
Bridge and Migration
Users can now commence bridging of CIFI token from BSC to polygon using multichain bridge : https://app.multichain.org/#/router
Users already on V1 and V2 of Polygon-pegged CIFI will receive an airdrop of their tokens on 18th March at 1pm UTC. A snapshot will be taken at 12pm UTC on both contract addresses, holders are expected to not carry out any transactions during that time.
What is Santa Fe?
Santa Fe is a decentralized finance ecosystem offering next generation NFT-based utilities in finance, gamification blindbox and tokenized assets. Santa Fe makes it possible for users to invest in low risk assets such as NFTs, using a decentralized NFT marketplace for trading of bonds and tokenized real estate. As a product of Citizen Finance, it is powered by the CIFI token which fuels utilities in all products under the Citizen Finance umbrella.