Those holding Arowana Token (ARW) can now stake their token and get 86% APR in the Arowana staking pool.
On May 4th, Arowana announced that they released a Defi staking product with an 86% APR for a staking period of 365 days and the pool opened on May 16th.
Arowana operates a staking platform that allows staking through pools divided by periods such as 7, 30, 90, and 365 days. The longer the deposit period, the higher the interest rate is set.
The total amount that will be raised by the staking pool is 5 million ARW for 30 days as well as proceeding to lock up for 832 days for the amount that the foundation has.
Trading ARW is now available on its listed exchanges such as Bithumb, Bittrex, BTCEX for ARW/USDT pairs.
About Arowana Project
The Arowana (ARW) Project is a blockchain that processes the value of physical assets, including gold. It aims to provide a platform that can certify, exchange, and trade physical assets as digital assets to increase the ease of physical asset trade by an individual by contributing to the nurturing of business based on the high credibility of innovative IT technologies including blockchain, artificial intelligence, and cloud.
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.