RabbitX launches Fusion AMM, stake USDT to earn RBX rewards

ChainCatcher news, the decentralized contract trading platform RabbitX based on StarkNet has partnered with the DeFi protocol Elixir Protocol to launch Fusion AMM (FAMM). Through FAMM, users can stake USDT on RabbitX. FAMM utilizes Elixir's automated strategies to provide liquidity while earning passive income for users. As of now, the platform's staking volume has reached 3.3 million USD.

FAMM will incentivize 2.5% of the total RBX supply (25 million), rewarding FAMM stakers weekly, with equal weight across all 31 RabbitX markets and new future markets. Users' RBX rewards depend on the amount and duration of their investment. The longer the staking period and the larger the staking amount, the more RBX rewards will be earned.