Last update: May 31st, 2023 – NCO rewards in USD Term.
EOSDen provides liquidity for NCO/EOS token pair on Defibox. As a liquidity provider, EOSDen deposits equal value (in USD terms) of EOS/NCO into a liquidity pool, and receives LP (liquidity provider) tokens in return.
As such, users who want to swap NCO tokens for EOS can easily do so on Defibox. Defibox is a decentralized platform that enables to trade of digital assets without the need for a centralized intermediary, providing more control over assets and lower fees compared to traditional centralized exchanges.
The Defibox trading system leads to very efficient price discovery. Defibox uses a system known as an automated market maker (AMM), which means that EOSDen users trade utilizing liquidity pools rather than order books. This can provide a more stable trading environment and reduce the risk of price manipulation.
Defibox also offers various other features such as yield farming, staking, and lending, which can provide Defibox users with additional ways to generate passive income from their cryptocurrency holdings.
However, it’s important to note that swapping tokens on Defibox, like any other trading platform, carries some risks, such as price volatility and the possibility of impermanent loss when providing liquidity to a liquidity pool. It’s important for users to carefully consider the risks and rewards before making any trading decisions.