CODI’s Staking Feature Set To Launch Soon With High APY

cryptonews.com:

Disclaimer: The text below is a press release that was not written by Cryptonews.com. 

CODI Finance is slated to release its staking feature on the CODI platform in March, ushering in a new era for the community and providing extra incentives in the form of high APY.

CODI Finance plans to introduce staking options for $CODI token holders. CODI Finance has made significant progress toward its vision of becoming a leading DEX and IDO launchpad in the Solana ecosystem and DeFi at large since its launch in September 2021. CODI Finance has made significant inroads into the Solana ecosystem by providing unique solutions to pressing Solana ecosystem needs, such as an IDO launchpad and a lending and borrowing protocol. CODI Finance is an entirely open and decentralized ecosystem comprising three services: an IDO Launchpad, a DEX, and a decentralized lending and borrowing protocol.

CODI is a Solana-based DeFi ecosystem that aims to transform the current Solana IDO launchpad landscape. CODI Finance intends to use a DAO governance model entirely, with the CODI community running and owning the ecosystem. Furthermore, CODI Finance last year integrated with leading oracle provider Chainlink to secure price feed pools.

Furthermore, "$CODI" holders will soon be able to stake their tokens on CODI's platform for a fantastic APY. Staking is divided into five tiers to give every user an equal chance, and the rewards vary depending on the staking tier. CODI Finance also intends to expand the availability of "$CODI" in the cryptocurrency market, with plans to list $CODI on other reputable exchanges in the works.

When the IDO CODI launchpad is fully operational, the CODI community will be able to invest in projects and receive early allocations by