MultiversX Wiki - Maiar Exchange Farms Explained
  Maiar Exchange Farms Explained
Written by BHero | The 07/08/2022  |  Category: MultiversX Library > xExchange

Have you ever wondered what Maiar Exchange Farms are? Wonder no more! This post will explain everything you need to know about MEFs. We’ll discuss what they are, how they work, and other required info. So sit back, relax, and get ready to learn all about the beautiful world of Maiar Exchange Farms!

What is Maiar Exchange?

Maiar exchange is a decentralized exchange built on the Elrond blockchain. The native token of the Maiar exchange is called $MEX. The main aim of Maiar DEX is to provide a simple, secure, and fast way to trade cryptocurrencies inexpensively.

What is Maiar Exchange Farms?

One of the main features of the Maiar DEX is farming, where you can earn a great reward for providing liquidity. Every liquidity provider can make great APR ranging up to 130% and stake liquidity pool tokens or MEX. The rewards are paid in MEX.

Providing liquidity means you’re making a tradeable market for a trading pair. For example, if you add liquidity to the MEX/EGLD pool, you’re making it easier for others to trade MEX for EGLD (or vice versa). In return for your service, you earn rewards in the form of MEX tokens. These rewards are based on the amount of liquidity you provide, the length of time you provide it, and the amount of trading volume in the pool.

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