/biz/ - Business & Finance

Beehive, beehive, where art thou! The time has finally come!

https://blog.deversifi.com/nectar-liquidity-mining/

tl;dr
For the next 12 weeks, earn NEC & BAL tokens by staking liquidity into the NEC/wETH Balancer pool. Multiply your earnings up to 2x in NEC by also trading on the high-speed DeversiFi DEX.
Inspired by Synthetix, NEC rewards are issued on a weekly basis and vested for 12 months at a time, incentivising longer-term stakeholders and liquidity providers
Engaging with Nectar Beehive V1 is safe and secure. You will be depositing liquidity to the battle-tested Balancer protocol & trading on the Peck Shield-audited DeversiFi exchange that has been operating on mainnet for 6 months.
NEC is the deflationary, native token of the DeversiFi ecosystem. Holders have voting rights in Nectar DAO and (soon) get DeversiFi trading fee discounts, up to 50% of DeversiFi trading fees are used to burn NEC tokens in weekly transparent auctions

>Notable supporters of NEC are ParaFi Capital, D1 Ventures, BR Capital, Bitfinex and others.

You can simply stake your NEC:ETH tokens into Balancer and earn NEC and BAL for doing so or you can DOUBLE UP and lay claim to a larger percentage of available rewards. We’re talking up to 2X what you would get by just staking into Balancer. This way, you also help contribute to the growth of DeversiFi and the subsequent NEC value that comes with that.