The developers behind Flaming Farm DeFi protocol believe they can solve one of the biggest problems facing yield farmers today – inflation. Yield Farming is a significant draw because it allows anyone to earn a passive income without trading. Ideally, yield farmers can take unused assets and put them to work.
The only problem with yield farming at this time is the risk of inflation. This risk originates from the structure of the function. Currently, most yield farming platforms issue governance tokens every time someone contributes to their liquidity pools.
Unfortunately, each new token slowly decreases the token’s overall value. This decrease occurs because the supply increased without necessarily increasing the demand. Problems arise when you have tons of these tokens getting issued, and they start to exceed the appreciation of the token.
Even worse, when a significant liquidity provider exits the market, it can cause a sharp drop in prices brought on by speculative investors following suit. Those left in the pool suffer the brunt of these losses in this scenario – until now.
Trying to make small profits on #altcoins.
- Unique deflationary system under development
- Community-led ecosystem
- Inbuilt swap feature
- Progressively adjusted APY
How Does Flaming Farm Work?
As one of the first deflationary Yield Farming platforms to hit the market, Flaming Farm seeks to transform the DeFi community. Flaming Farm introduces a proprietary deflationary protocol. When investors join liquidity pools on Flaming Farm, they automatically enjoy the network’s burning system’s benefits.
This protocol burns a certain percentage of FFARM tokens based on the available liquidity in the pools. This rate begins at 2.5% and increases as needed to ensure the current and future value of FFARM tokens.
Yield Farming
In a Yield Farming scenario, you agree to lock up your cryptocurrency in a liquidity pool. Every pool has different requirements, lockup periods, minimum and maximum investments, and rewards. Users and new projects can then borrow from these liquidity pools with interest. This repayment goes directly back into the liquidity pool to generate more revenue. Users can lend and borrow as they desire, with the profits feeding back into the liquidity pool.
Community Fees
Flaming Farm relies on a unique fee structure. The network shaves a small fee off of every transaction, trade, and pool entrance. These fees are then added to the liquidity pool and redistribute amongst the remaining pool members. In this way, Flaming Farm rewards investors who remain in the liquidity pool the longest. Best of all, the more activity the pool has, the more fees it earns, and the more profits users gain.
Multiple Pools
Flaming Farm users gain the ability to stake in multiple liquidity pools on the platform. Developers will launch the network with support for ETH, USDT, and DAI pools. In the future, the team will add to this list pending approval from the community.
Flaming Farm Interface
Users can stake in multiple pools and monitor their profits directly from the Flaming Farm interface. This interface simplifies the entire yield farming process. At a glance, you can see your past, current, and projected earnings. You can monitor these earnings across multiple pools, and you can set alerts to notify you when specific investment criteria are met. In this way, Flaming Farm provides a top-quality UX.
$FFARM Tokens
FFARM is the primary governance token of the Flaming Farm ecosystem. This ERC-20 token enjoys full interoperability within the Ethereum ecosystem. You can store, send, receive, and trade FFARM tokens on any ERC-20 compatible wallet or exchange. Currently, the Ethereum ecosystem is the most robust in the world. There are over 200,000 ERC-tokens in the market at this time.
UNISWAP Pools
Additionally, Flaming Farm will list on Uniswap within seven days of the completion of the crowdsale. Uniswap is the largest DEX in the world. This automated market maker (AMM) provides much-needed liquidity to the Ethereum ecosystem. Consequently, it’s the most popular Dapp to date. FFARM tokens will gain access to this valuable network upon listing and benefit from the liquidity gained. Early bird and presale investors can also trade their tokens using Uniswap at that time.
Governance
Flaming Farm is built around the concept of advanced decentralization. This community-led ecosystem allows anyone to vote on vital issues facing the network. These issues include updates, new pools, and fee changes. To be eligible to vote, you need to hold FFARM tokens. The more FFARM tokens you own, the more voting power you gain.
Flaming Farm Crowdsale
The Flaming Farm private sale is live now. The event will continue until December 9th, at 7 PM UTC. Keenly, early-bird investors receive discounted prices. The private sale price is 0.12ETH per FFARM token. There is a minimum investment of 0.5 ETH and a Maximum of 30 ETH.
According to the company’s roadmap, the funds will distribute shortly after the completion of the event. Notably, 25% of the funds will go directly into the Uniswap liquidity pools. Another 25% is earmarked as private sale rewards. Presale investors will enjoy 40% of the token distribution, with the remaining 10% split between the team and development.
$FFARM Private sale will start tommorrow at 7:00 PM UTC
- Private sale Price 0.12 ETH (min:0.5 ETH, Max: 30 ETH)
- Private Sale Hardcap: 300 ETH
- Duration: 7 Days until Hardcap is reached
Recent DeFi Losses Brought on by Inflation
In October of this year, the DeFi sector experienced significant losses due to unchecked inflation. In this instance, token prices suddenly stumbled between 30% and 65% on all major platforms. A combination of factors brought on these losses.
The speculative nature of the DeFi market tends to mean that most investors have “shaky hands” in terms of holding on to investment during a market downturn. First-generation yield farming platforms possess no mechanism to combat a sudden decrease in demand for their tokens. When you combine these concerns, you have a recipe for disaster.
Flaming Farm – Deflationary Yield Farming Makes Sense
Flaming Farm protocol appears to have done their research. The platform’s deflationary protocol is what the market is missing at this time. Investors need to know that their investment will remain valuable in the future, especially if the liquidity pool grows. Flaming Farm users get this guarantee in the form of a next-level deflationary strategy.
Here is the glimpse of $FFarm early released roadmap & growth structure!! #DeFi
- Private sale Whitelist
- Deployment on testnet
- Preparing the swap
- Deployment on mainnet
- Website launch
- Presale
- Uniswap listing
- Token and LP locks
- Enable Farming
- Enable Swap
To get more accurate information, please visit the link below:
- Website : https://flamingfarm.org/
- Twitter : https://twitter.com/FlamingFarm
- Telegram : https://www.t.me/flamingfarm
- Presale : https://forms.gle/aoFyjVQkGUR7aEGRA
- Bounty BTT : https://bitcointalk.org/index.php?topic=5298037
Username : Ozie94
Profile: https://bitcointalk.org/index.php?action=profile;u=2103066
ETH : 0xDa2F65ea0ED1948576694e44b54637ebeCA22576