PoseiSwap Launches “Poseidon” Pool, Governance System Set to Fully Activate

PoseiSwap recently introduced the POSE token through IDO and IEO, but trading of POSE assets was limited to roles other than Zepoch nodes within the PoseiSwap DEX. However, in a recent development, PoseiSwap has launched the new “Poseidon” pool, which is open to all users and allows for free staking, trading, and withdrawal of all assets, including the POSE token. The introduction of the “Poseidon” pool signifies that any user can now obtain ecosystem rights through POSE assets, as the brand-new governance system centred around POSE assets is set to activate soon.

The New Benefits Brought by the “Poseidon” Pool

The “Poseidon” pool is a brand-new DeFi offering introduced by PoseiSwap, and it serves as the first DeFi pool based on the POSE token. In the “Poseidon” pool, all users can purchase and trade POSE assets using USDT. Furthermore, users holding POSE assets can stake them in the pool to earn substantial staking rewards. The launch of this pool aims to encourage broader user participation and engagement in the long-term development of the ecosystem.

It has been reported that the “Poseidon” pool has already witnessed over 560,000 POSE tokens being staked shortly after its launch. Currently, the average APY yield in the pool is around 45.57%, significantly surpassing the returns offered by most other DeFi pools.

Additionally, the pool has implemented an invitation mechanism. Community members who stake at least 1,000 POSE tokens are eligible to participate in the invitation program, which grants them additional POSE rewards. These rewards include both direct incentives and indirect incentives (such as an increase in APY and a share of the earnings from the invited participants). Participants in the invitation program will also gain governance rights.

Moreover, the launch of the “Poseidon” pool enables anyone to trade and stake POSE assets freely and allows any user to participate in the governance system using POSE tokens. PoseiSwap is preparing to introduce its governance system to the community, providing users with opportunities to gain more affluent rights and rewards from the governance ecosystem.

PoseiSwap may introduce new features such as IFO.

After the launch of the “Poseidon” pool, PoseiSwap is expected to expand its functionality further. In future iterations, PoseiSwap may introduce the IFO (Initial Farm Offering) feature, which aims to facilitate early-stage launches of high-quality projects on the Nautilus Chain in a novel way. This process will deeply anchor the POSE assets and create structured empowerment. This also positions PoseiSwap as an early-stage launcher for developing the Nautilus Chain ecosystem, contributing to its early prosperity.

PoseiSwap is a new DEX (Decentralized Exchange) offering a wide range of features. It is currently being built on the Nautilus Chain in a modular manner to establish a new zk-Rollup layer, which aims to create a novel order book system. With this order book, PoseiSwap will further support trading assets such as NFTs and, in the future, enable the launch of certain NFT assets through its LaunchPad, allowing for more significant expansion and integration. Throughout this process, there will be deep integration with the POSE asset.

In the long term, PoseiSwap aims to prioritize privacy and compliance while striving to bridge the gap between the Web2 and Web3 worlds. It also plans to explore Real-World Assets (RWA) as one of its focal points, and the early technical architecture of PoseiSwap is being prepared for this direction. This has the potential to provide long-term benefits as it establishes a solid foundation for the value creation of POSE.

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