Interconnected DeFi hub successfully launches first token fundraising NFT
Decentralized finance (DeFi) is changing how people interact with money in a way that makes the financial realm more accessible and secure. Under the traditional model, users can find themselves subject to rules implemented on short notice, which at times have erased millions or billions of dollars from their fortunes.
For this reason, the next major technology revolution is being led by a move away from large tech players toward a community-led alternative. Supporting this revolution is ApeSwap, a platform positioned as being among the most connected DeFi hubs available today.
Recently, ApeSwap has added a new NFT-based financial product to its portfolio –– Treasury Bills. Treasury Bills enable users to buy a yield-generating artistic NFT in exchange for selling liquidity in the form of Liquidity Pool (LP) tokens, two combined tokens to buy into the liquidity pool to the protocol. By purchasing this asset on the platform, users can participate in the growth of the ApeSwap ecosystem and the DeFi revolution as a whole.
Within minutes of launching, Treasury Bills exceeded expectations by outselling the discount on the BANANA utility token with LP tokens. The immediate sell-through of NFT Bills with a positive discount showed community demand for sustainable, long-term DeFi growth and fundraising through discounted coin purchases.
Treasury Bills are designed to align the incentives of the organization, community, and network of partners to focus on sustainable growth. By combining traditional finance (TradFi), DeFi and nonfungible token (NFT) products, ApeSwap opened up a case study in tokenizing a simple agreement for future tokens (SAFTs), as users wrap the agreement for future tokens in an NFT.
“Treasury Bills are a new
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