Ermine ICO makes waves in DeFi
Ermine, a Web3 app that is revolutionizing the world of decentralized finance or DeFi (decentralized financial institutions), has been gaining traction in recent years. The platform offers a variety of services including virtual mining and staking as well as referral programs. This app was designed to allow users to earn passive income. Ermine also has virtual miners that can be used to mine Ethereum cryptocurrency, or for staking. This makes it easier and more profitable.
What can Ermine offer you?
Ermine has designed virtual miners to mine digital currencies. To earn passive revenue, users must connect the miner (PPM) to the pool.
The latter will be mining Ethereum. Virtual mining is not as beneficial to the blockchain network’s health as hardware mining. All virtual mining is carried out by smart contracts in the blockchain.
Some PPMs may require collateral in ERM tokens. It will be a guarantee to the virtual miner that he will not stop before the minimum period.
To generate profit, the company’s yield smart contracts provide liquidity to pools. They provide liquidity to DEXs as well, generating revenue from ongoing operations. The platform’s…