Singapore, May 11, 2021 – CoinWind is a smart yield farming aggregator platform that automatically pairs pledged tokens to maximize users’ revenues. It currently runs on Huobi Eco-Chain (HECO) and Binance Smart Chain (BSC).
Against an increasingly competitive DeFi yield farming space, CoinWind tackles the issues of low revenues from single-token mining and high risk from impermanent losses on LP (liquidity pool) mining. Its current Total Volume Locked (TVL) is a remarkable USD2.69 billion.
A Smart Finance Management Platform on DeFi
Branded as a smart DeFi management platform, instead of just an aggregator tool, CoinWind has made optimizing its users’ yields the top priority.
CoinWind calculates the most profitable combination of project selection and mining strategies to get the highest-yields in the safest way possible. It takes pledged tokens and puts them into different pools, moving funds from specific token pools to participate in a multitude of liquidity minings. This is mixed with token price hedging strategies to reduce impermanent loss in liquidity mining so as to protect users’ funds.
The goal is to boost the rate of returns for users while simultaneously reducing unpredictable losses.
High Yield Products: Single-Token and LP Farms
Currently launched on HECO and BSC, CoinWind aims to integrate into other chains like OKT and ETH at a later date.
The Head of CoinWind’s Community, Musk, states that the competitive edge of the platform is low user thresholds and maintaining high yields. Both work together to attract liquidity providers. Incidentally, CoinWind is one of the most popular yield aggregator platforms for single-token mining in the Chinese DeFi space.
Projects are selected based on their audit results, popularity rankings and general stability. This is coupled with the platform’s choice of optimal mining strategies with high-yield pools and hedging strategies to ensure that users can enjoy high returns and low impermanent losses, a common concern in yield farming.
CoinWind offers Single-token (Single-Asset) mining and LP (liquidity pool) mining that have attractive APYs (annual percentage yield) with flexible staking.
Single-token mining opportunities include offerings from 16 tokens on HECO and 14 on BSC. Some APY highlights are:
- MDX token (208.99% on HECO and 305.67% on BSC)
- USDT (30.08% on HECO and 35.37% on BSC)
- DOGE (44.85% on HECO)
- HUSD (33.87% on HECO)
- UNI (31.44% on HECO)
- HDMX (140.23% on BSC)
- BUSD (44.27% on BSC)
- WBNB (37.57% on BSC)
Liquidity pool mining opportunities include offerings from 15 pairs on HECO and 15 on BSC. Some APY highlights are:
- MDX-USDT (215.38% on HECO and 278.73% on BSC)
- MDX-WHT (207.72% on HECO)
- MDX-WBNB (376.08% on BSC)
- MDX-BUSD (402.76% on BSC)
- MDX-HBTC (191.33% on HECO)
- MDX-BTCB (341.53% on BSC)
- WBNB-USDT (74.79% on BSC)
- MDX-ETH (232.58% on HECO)
Automated Reinvestment of Earnings
CoinWind makes full use of any income generated from the liquidity pools. At 5 – 10 minute intervals, it automatically reinvests these earnings into high-yield projects, repeating this process to efficiently earn as much income as possible for its users. It also saves time for users who would normally have to manually implement the reinvestment process.
As of this writing, the total user revenues on CoinWind have reached USD 85,578,977.14.
Strong Growth Potential MDX Token as Target Value
CoinWind uses MDX (MDEX token) as its target value, an acknowledgement of MDEX‘s success as the largest HECO platform and its excellent standing within the highly competitive BSC environment. MDEX, a leading DEX (decentralized exchange), uses a unique strategy of “dual mining”, mixing both liquidity and transaction mining. This has led to its explosive growth and current high trading volumes.
CoinWind’s use of MDX as a core value of exchange on its platform constitutes yet another astute move by the yield optimizer.
For more info about CoinWind, visit the official website: https://www.coinwind.com
CoinWind official channels:
English Telegram: https://t.me/CoinWind
Chinese Telegram: https://t.me/coinwind_cn