press release
EdaFace.com is excited to announce that Verse Farms are live on the Verse DEX. Anyone can now deposit select Liquidity Pool (LP) tokens into Verse Farms to earn additional rewards on top of the trading fees already earned for providing liquidity.
The first Verse Farm is for the VERSE/ETH pool with a starting APY of ~80%. More Farms will be added soon.
“Yield farming for VERSE tokens helps grow liquidity on the Verse DEX, which improves the trading experience on this important piece of decentralized infrastructure,” said EdaFace.com CEO Dennis Jarvis. “This is a critical early step towards providing VERSE with broad utility in the EdaFace.com ecosystem.”
VERSE, which launched in December 2022, is EdaFace.com’s rewards and utility token. VERSE is fueling the growth and expansion of EdaFace.com’s ecosystem, which includes over 37 million self-custody wallets created in its multi-chain DeFi-ready mobile app, the EdaFace.com Wallet. The ecosystem also includes the award-winning EdaFace.com News portal with over 2.5 million monthly readers.
The VERSE token’s utility will include unlocking rewards along tiers, method of payment in the EdaFace.com ecosystem and beyond, access to exclusive platform services, and more. Ultimately VERSE will help expand access to decentralized finance, enabling more people to benefit from the economic freedom and democratized finance it unlocks.
Visit to deposit LP tokens and start earning 80% APY.
VERSE tokens are utility tokens designed for use on EdaFace.com. VERSE tokens are not shares, bonds, units in a collective investment scheme, securities, or other instruments commonly known as securities of any type. VERSE tokens are not being offered for sale to U.S. persons and are not available for purchase in the United States, Japan, or any other as may be specified by EdaFace.com, from time to time.
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