With the downward trend of the market, there seem to be fewer and fewer investment products that can bring investors stable and considerable returns. From the perspective of the DeFi sector, the potential income that existing liquidity mining and staking can provide investors is in a state of continuous decline. On average, the annualized income that can be obtained by participating in DeFi activities currently does not exceed 10 %. In addition to the DeFi sector, the GameFi and NFT tracks also experienced weak growth and poor overall returns.
In this context, Plato Farm is using the LaaS (Liquidity as a Service) protocol Elephant Swap to bring community users and investors an investment return that far exceeds the annualized income of the industry. It is reported that Elephant Swap is launched on the PLATO token Finally, it will be able to bring investors far more than 10-15 times the income.
Plato Farm is expected to further expand the ecology outward through Elephant Swap
Plato Farm is a farm-themed metaverse ecology. In addition to experiencing the fun of operation through planting, breeding and trading in the ecology, users can also obtain P2E benefits. All assets of players in the ecology are reflected in the form of NFT . Plato Farm is currently the head project of the Web3 farm management track. Since its launch, it has always attracted the attention of the industry, investors and gamers. In addition to providing relatively stable and reliable operating income for ecological users within the ecosystem, Plato Farm is currently bringing PLATO holders far more than 2-3 times the mining income through Elephant Swap.
Elephant Swap itself is a LaaS (Liquidity as a Service) agreement, based on high incentives, to provide potential liquidity for all liquidity demanders. To use the Elephant Swap liquidity service, you need to build a fund pool of the corresponding asset in Elephant Swap first, and the holder of the asset, such as PLATO, needs to pledge it in Elephant Swap and obtain the locked ePLATO (eToken). Users need to perform trading activities such as liquidity mining, DEX trading, and staking in Elephant Swap to obtain the speed of unlocking eTokens and provide them with massive liquidity in the process.
After PLATO is launched on Elephant Swap, any user holding PLATO can obtain locked ePLATO assets by staking PLATO in Elephant Swap. We need to perform transactions in Elephant Swap to unlock ePLATO. The initial pricing of ePLATO will be set at 2-3 times the price of PLATO, which means that the profit margin of investors in the initial stage is only 2-3 times, and with the subsequent market behavior, ePLATO will increase due to its rigid demand Constant value increase (currently around 18x).
In order to unlock ePLATO, investors often obtain the speed of unlocking ePLATO through trading behavior. Elephant Swap will list the ePLATO/USDT trading pair and add the unlocked ePLATO to the liquidity pool to provide liquidity. The speed of unlocking ePLATO is the best. Therefore, it is foreseeable that unlocking tradable ePLATO will become a rigid demand, because everyone needs ePLATO to further unlock ePLATO. In Elephant Swap's DEX, there will also be a rigid demand for ePLATO purchases, which will further increase the potential value of ePLATO.
In addition, in the process of providing liquidity and other trading activities, users will also receive rewards such as interest income, and inviting friends who hold PLATO to participate can also obtain considerable benefits.
After PLATO launches Elephant Swap, the unlocking speed of ePLATO is related to the growth rate of LP scale in the network. The faster LP grows, the higher the potential unlocking speed of all ePLATOs will be.
For the unlocking of ePLATO, 10% of USDT will be deducted as a transaction fee for each premium transaction. The handling fee will be used to fill the liquidity of the platform and provide promotion incentives for users.
We can see that in the process of users' arbitrage on ePLATO, abundant external liquidity has been brought to PLATO and Plato Farm to further promote the competitiveness of the Plato Farm ecology and allow the Plato Farm ecology to further expand outward for better development opportunities and provide potential DeFi profit scenarios for all PLATO holders.
At the same time, with the participation of a large number of PLATO holders, the actual circulation of PLATO will be greatly reduced, which is very beneficial to enhance the value of PLATO, which means that the expected rise of PLATO is also a potential benefit . From the point of view of the participation process, Elephant Swap is a BNB Chain-based protocol, and users consume less overall when conducting various trading activities, which means that users can unlock ePLATO at almost a very low cost to obtain potentially high income. Therefore, Elephant Swap is an ecology that benefits multiple parties, and any locked or unlocked ePLATO can redeem PLATO at any time 1:1 to reduce potential risks. Of course, Elephant Swap has already made sufficient preparations in terms of security, and its contract has passed the audit of the audit agency.
PLATO has currently logged into Elephant Swap, which means that any user holding PLATO can participate in the unlocking of ePLATO to obtain higher returns by providing liquidity.