DeFiConnect has successfully introduced into the world of cryptocurrency and decentralized finance, a very hot trend hotter than Yield Farming, and it is called Token Farming. It is a raging storm sweeping gradually through the ecosystem. It offers Farmers (investors) harvest (rewards) for planting (locking) their crypto holdings in the Farm (DeFi market).
What happens in primitive Yield Farming?
With yield farming, an investor deposits unit of a cryptocurrency into a lending protocol to earn interest from trading fees. Some users are also rewarded with additional yields from the protocol’s governance token. Yield farming works in a similar way to traditional bank loans.
What happens in the modern DeFiConnect Token Farming?
In Token Farming, a farmer plants units of his cryptocurrency (DFC) into a Token Plantation as seeds. He begins to harvest 2.53% of his seed size after 24 hours of planting. Immediate harvest. He continues to harvest until he has harvested 190% of his seed size. At this point, the seed has lived its life cycle and is recalled into the contract leaving you with 190% of its produce.
Understanding your Harvest from the Token Farm
In a simple example, a Token Farmer might plant 1,000,000DFC into the ecosystem. He will get a token back for the seed. Let’s say he gets 25,300DFC back (that’s 2.53%) on a daily basis until it reaches a cap of 190% in a planted period of 75 days. In some cases, the plant period can reach 360 days and no more. This is dependent on the circulating supply of the token in the ecosystem. The daily percentage return reduces with increasing circulating supply. Do not forget that you can take your daily harvest and put it into the liquidity pool and increase your farm size for a better harvest. This is our superiority peck in Token Farming.
Port to DeFiConnect to begin Token Farming at https://deficonnect.tech/#1