$GERO Token Listing and Staking on ADAX on January 19, 2022
You’ve asked and we are here to deliver!
On January 19, 2022 at 3PM UTC, $GERO will be listed on ADAX. Official trading pairs will be GERO/ADA and GERO/USDT.
Having liquidity on ADAX’s centralized exchange will allow users to acquire $GERO tokens with significantly reduced transaction fees and reduce our dependence on Uniswap. We hope this increases accessibility of $GERO tokens by reducing the barrier to entry for new supporters of the project and brings more visibility to GeroWallet as a whole.
Single asset staking of $GERO was one of the most requested features we have received from the community since May of 2021. We are happy to announce that this will now be possible on ADAX. On ADAX’s stakepool, users will be given the option to stake and lock their $GERO token for a set duration and receive $GERO tokens as staking rewards. Single asset staking also eliminates the risk of impermanent loss since liquidity providers only take on exposure for one asset.
Athena: 120% Total ROI, 20% APY — 30 day staking period
Poseidon: 140% Total ROI, 40% APY — 90 day staking period
Zeus: 160% Total ROI, 60% APY — 180 day staking period
Rewards are only distributed during the lockup duration.
ADAX was founded in 2020 and includes global talent with experience in and outside of the blockchain space. The ADAX team believes Cardano will lead the next wave of trends in crypto, citing the network’s potential to disrupt existing power structures combined with its increased sustainability and efficiency compared to Ethereum.
Once Cardano’s ERC-20 converter is ready, users will be able to easily trade between Ethereum and Cardano. Besides more flexibility overall, this means ADAX (and therefore GeroWallet) users will have the means to use Ethereum tokens without the burden of Ethereum’s high fees and congestion.
GeroWallet is Cardano’s first all-in-one decentralized finance (DeFi) wallet. GeroWallet is committed to building a dynamic environment for the advancement of blockchain by designing innovative, user-friendly tools for the DeFi community. Gero promises to continuously strive to provide accessibility to all through an intuitive user experience.