The daily APR for staking SUSHI fluctuates according to supply and deman d. Users can also stake (lock) SUSHI to provide the platform with more liquidity. These users provide liquidity for traders who make swaps between that particular trading pair.
Liquidity providers select a trading pair (i.e. The platform rewards liquidity providers by sharing a portion (currently 0.25%) of transaction fees generated. Users can trade Ethereum and ERC-20 tokens on SushiSwap. SushiSwap is a popular decentralized exchange. Decentralized applications (dApps) and custodial applications for lending and borrowing both frequently use this ERC-20 token. A consortium of projects originally created WBTC to represent the value of Bitcoin on the Ethereum blockchain. WBTC is slightly different since its value matches Bitcoin (BTC) at a 1:1 ratio. Wrapped Bitcoin (WBTC) is similar to USDC in that its value is pegged to that of another asset. As of October 2021, over $32 billion USDC are in circulation. These include Solana, Algorand, and Tron. While USDC originally launched as an ERC-20 token on the Ethereum blockchain, today it is available on many other blockchains too. USDC is one of many stablecoins worth the equivalent of one United States Dollar. USD Coin is a stablecoin, which is a cryptocurrency whose value is pegged to a non-crypto asset (generally a fiat currency). The projects featured here have all reached a market cap of over $1 billion, each having a unique focus in the broader cryptocurrency market. In fact, several ERC-20 token projects have surpassed $1 billion market caps today. Although most ERC-20 crypto projects haven’t been able to gain noteworthy adoption, several have become well-known over the years. ERC-20 was first proposed by the Ethereum community in 2015 and officially recognized in September 2017.ĮRC-20 tokens were the first token standard that essentially made it easy for anyone to create their own cryptocurrency with minimal coding knowledge. ERC stands for “Ethereum request for comment”. In short, an ERC-20 token is a specific type of smart contract that is created on the Ethereum blockchain. Among these different categories, ERC-20 tokens are the most popular. Many different categories of crypto tokens exist. In anticipation of the launch, it’s a good idea to explore what an ERC-20 token is if you aren’t familiar.įor those getting started in crypto, you will often hear or see the term “token”. On November 15, 2021, CryptoPerx (CPRX) is launching as an ERC-20 token that will reward loyal Abra users. We will publish updated details at a later date. New ways of using CPRX are planned for the future. Abra Perx rewards mentioned in the article below are no longer active. Note: As of May 31, 2022, Abra Perx has been paused.
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