How Ester works
Let me give you a very intuitive example. Assume you are a liquidity provider of DEX like SpiritSwap. You have some LP tokens such as SPIRIT-FTM, ETH-FTM or something like that. SpiritSwap is rewarding liquidity providers if you stake your LP tokens to their farming contract.
Let's say you can earn 1 Spirit with 1000 ETH-FTM LPs per hour. That's 24 Spirit every day, sounds not bad, right? But if you have some knowledge of economics, you may want to get compound interest by doing this:
  1. 1.
    Swap half of your reward Spirit to ETH and the other to FTM.
  2. 2.
    add liquidity to get more ETH-FTM LPs.
  3. 3.
    Stake the new LP to the pool to get more Spirit.
  4. 4.
    Do it every several hours.
That is a disaster! I guess you don’t wanna do it. So what can Ester do for you?
Yes, Ester will take all the steps above for you. So you can just stake your token to our vault and … Enjoy!
You don’t need to take care of anything. You can withdraw your token anytime.
Ester just wants to be a babysitter of your farming token.
Last modified 8mo ago
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