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What is Duckstail

Introduction​

Duckstail is your all-in-one decentralized finance (DeFi) platform, designed to make your cryptocurrency journey simple, rewarding, and exciting. Built on the Base network, Duckstail combines speed, scalability, and low fees to deliver a seamless experience. Whether you're looking to trade, earn passive income, or explore new opportunities, Duckstail has you covered.

With Duckstail, you can Trade cryptocurrencies effortlessly, Provide liquidity and grow your assets, Earn rewards through staking and yield farming, Discover new tokens with early access to exciting projects.

Core Products​

1. AMM (Automated Market Maker)​

At the heart of Duckstail is its AMM, which powers token swaps by using liquidity pools instead of traditional order books. Liquidity providers (LPs) can deposit pairs of tokens into these pools and earn a share of the trading fees generated whenever someone swaps tokens.

2. The Duckstail Token - DKO​

DKO is the platform's native governance token. It plays multiple roles within the ecosystem:

  • Governance: Holders can vote on proposals regarding protocol changes and future developments.

  • Rewards: Yield Farmers can receive DKO rewards for staking their DKO or LP tokens in farms.

3. Yield Farming​

Yield farming is a popular method of earning rewards or interest by depositing cryptocurrency into a pool with other Duckstail users. Duckstail farms are specially designed to incentivize users to provide liquidity for their favorite token pairs. By creating and staking their liquidity provider (LP) tokens in Duckstail farms, users can earn DKO utility tokens.

The process of yield farming on Duckstail is simple. Users deposit their LP tokens into the desired farm, and the platform automatically begins to distribute rewards to them based on their stake. These rewards are typically a portion of the DKO emission and the trading fees generated by the liquidity pool.