Mainnet Pat of https://bchpump.cash/pump has released a new staking contract for BCH $PUMP HODLr’s. You can stake $PUMP and receive $xPUMP in return. Once a week, on Fridays, 0.1 BCH from PUMP trading fees will be used to purchase $PUMP and add it to the staking pool for $xPUMP. This means the value of $xPUMP will increase over time. The current ratio is about 1 xPUMP = 1.1 PUMP. This means xPUMP price should be about 10% higher. This ratio will increase each week! You can check the ratio at https://bchpump.cash/pump/staking.
To arbitrage these coins; buy xPUMP on cauldron.quest and redeem for $PUMP, then sell the $PUMP on cauldron for bch. Or Alternatively, based on price; Buy PUMP on cauldron, stake for xPUMP, and redeem xPUMP for BCH on Cauldron!
Be sure not to fall for imposter coins! https://app.cauldron.quest/swap/a661694727548f2872db6fdbff7feec5c7960d8a44c69053b188f1b0e58e100d
This is interesting, I’ll check this out.