SINGAPORE, May 10, 2021 (GLOBE NEWSWIRE) — Currently supported on HECO (Huobi Eco-Chain) and BSC (Binance Smart Chain), CoinWind is a smart yield farming platform that automatically matches pledged tokens to maximize all user revenues.
In the increasingly competitive landscape of DeFi (decentralized finance) yield farming, CoinWind effectively solves issues of both low revenues from single-token mining and high risks from impermanent losses on LP (liquidity pool) mining. Currently the TVL (Total Volume Locked) on the platform is an impressive USD 2.69 Billion.
A Smart Decentralized Finance Management Platform
Positioned as a smart decentralized finance management platform and not simply an aggregator tool, CoinWind focuses on optimizing users’ yields.
The high-yield, safe and reliable platform places tokens deposited by users into the different pools, and mobilizes funds from certain token pools to participate in different liquidity minings, all according to a combination of project selection and mining strategies.
At the same time, this is combined with token price hedging strategies to mitigate impermanent loss in liquidity mining so as to ensure the safety of funds.
The aim is to maximize the rate of returns for users while reducing unpredictable losses.
High Yield Products: Single-Token and LP Farms
Currently launched on HECO and BSC, CoinWind plans to integrate other chains such as ETH and OKT in the future.
According to Musk, Head of CoinWind