REEF Finance launches Litentry Bonds
Reef Bonds is a DeFi initiative where users can stake their assets for a certain lock-up period and earn lucrative returns.
For the first iteration of Reef’s Litentry Bond, users can lock up $REEF to farm $LIT. $LIT is the ERC-20 token of Litentry Network, The total reward amount allocated for this Bond is $20,000 worth LIT.
The bond will go live on 24th February at 3PM CET.
Stake REEF and Earn LIT
Once the bond is deployed, users will have a 24 hours time limit to deposit their assets, and the program will last for 2 weeks. Users will be able to track how much they have earned so far directly in the app. Once the bond period expires, the withdrawals will be enabled so that users can get their initial staked tokens back as well as their farmed tokens.