Users were overjoyed to learn that Crudeoil Finance partnered with Shibanova, one of the most well-known initiatives in the Binance Smart Chain field.
Shibanova has already been working on a full ECO system centered on the Binance Smart Chain, which comprises a DEX (AMM), farming system, and other features. Crudeoil Finance had a conversation with one of the project’s co-founders and had discussed the partnership extensively. It gave clarity on their collaboration, which is how the entire partnership came to be.
The Shibanova DEX and farming platform are now live and have just been introduced. It is a new venture, similar to the Crudeoil Finance platform. Crudeoil is known for recognizing a platform’s significant potential and matching their interests to invest in it. This collaboration will be advantageous for both parties. Shibanova also has a fantastic community. As a result, the collaboration will benefit both communities.
Crudeoil will develop yield farming tactics for its yield farm as part of this partnership, aiming to optimize user earnings by doing the following:
- Users will not have to compound what they earn manually because auto compounding features will optimize their earnings.
- Shibanova farm members will receive additional Crude incentives, which will increase the APY in an overall manner.
The following is the list of Crudeoil Finance’s vaults with crazy APYs for Shibanova customers:
- Vault NOVA-BUSD LP
- Vault NOVA-BNB LP
- Vault BNB-BUSD LP
- Vault BNB-USDT LP
- Vault of MATIC-BNB LP
- Vault of the CAKE-BNB LP
- Vault of the BTCB-BNB LP
- Vault USDT-BUSD LP
- Vault of the ETH-BNB LP
Now, let’s discuss the two companies involved in this collaboration:
Crudeoil is a successful next-generation decentralized yield aggregation site for the DEFI system, built on BSC and audited by Techrate and Certik/RD Auditors. When it comes to ShibaNova, it’s important to realize that the project’s idea is to provide rewards to the initial investors by converting them into true stakeholders who get dividends in exchange for their initial implementation and continuous loyalty. ShibaNova accomplishes this by allocating most of the swap fee earnings (75 percent) to a regular dividend reward Pot, which is disbursed to every sNova shareholder.
The Shibanova farming platform now has a limited handful of farms, but Crudeoil Finance has developed methods to expand all of them in the near future. Crudeoil will develop more tactics as Shibanova continues to add farms to the platform. This action will have an impact on ShibaNova Farming’s operations and will assist them in increasing user profits.