What is Ascend Finance?
Ascend Finance is a new decentralized finance (DeFi) protocol built on the Binance Smart Chain (BSC) focused on sustainable rewards through a variety of DeFi concepts and tokenomics. The primary yield will come from staking and claiming rewards. Ascend Finance will pay out 1% daily (rebase every 24 hours) to all staked tokens. This amount equates to a 365% APR with the ability to increase if the token holder chooses to claim daily and compound their rewards. Users who stake their tokens must claim their rewards within 24 hours after the daily rebase or the yield gets burned and cannot be recovered. This method encourages people to remain active and committed to monitoring their investments and acts as a deflationary tactic to stabilize the protocol.