2020-12-1 01:00 |
PRESS RELEASE. What is yield farming? Yield farming, also referred to as liquidity mining, is a way to generate rewards with cryptocurrency holdings. In simple terms, it means locking up cryptocurrencies and getting rewards.
In some sense, yield farming can be paralleled with staking. However, there’s a lot of complexity going on in the background. In many cases, it works with users called liquidity providers (LP) that add funds to liquidity pools.
What is Earn finance ?
Earn Finance : is a blockchain agnostic decentralized finance (DeFi) aggregator platform that supports DeFi projects deployed on Ethereum blockchain, Binance smart chain etc., focusing on simplicity, user experience, privacy and global adoption powered by rewardiqa foundation , we are developing a powerful community-centered DeFi Platform focusing on staking, farming, borrowing and mortgage. The platform is powerful enough from a scalability, interoperability, developability and governance perspective to help make the vision of Web3 a reality that aims to get more value for an investment.
How to buy YFE Tokens :
For the purpose of developing a robust YFE platform, and most importantly to encourage early investors and supporters, earn finance team has decided to organize a presale of Earn finance (YFE) token.
(There will be 4 ROUNDS for the presale )
Direct link to join presale:
https://earnfinance.net/index.php/presale/
Presale steps :
Go to the YFE presale link, then connect Your Metamask, Get your ETH ready, add amount you want to buy and press buy YFE Token , if you do not have metamask, simply follow instructions here https://telegra.ph/Earn-finance-presale-11-28 Tokens unsold would be burned, Uniswap liquidity will be locked 100% for 1 year).
Earn finance presale distribution process :
60% of raised funds after the presale would go to Uniswap pool.
40% of raised funds after the presale would be used for listing on more exchanges, marketing & promotion, and development.
Earnfinance (YFE) Token will be listed on Uniswap after presale.
Earnfinance (YFE ) Token will be listed on Coinmarketcap (CMC), and other exchanges such as Balancer, Binance, Kucoin, FTX and more after some days on Uniswap.
If you need any further assistance, telegram admins are there to help.
YFE Finance Products :
We’re building a transparent, secured, user-friendly, and simple yield farming platform, that would provide opportunity for the YFE holders to get benefits from several platforms provided by earn Finance.
YFE Finance : staking platform enables investors to earn a yield on YFE token, depositing, and selecting the amount you want to stake, you will get an APR of 32%, and it can be unlocked anytime and you will get FYFE Token reward also.
Governance : The earnfinance ecosystem is controlled by YFE token holders who submit and vote on proposals that govern the ecosystem. Proposals that meet quorum requirements (>20% of the tokens staked in the governance contract) and generate a majority support (>50% of the vote) are implemented by a 9 member multi-signature wallet. Changes must be signed by 6 out of the 9 wallet signers in order to be implemented. The members of the multi-signature wallet were voted in by YFE holders and are subject to change from future governance votes.
Lending – YFE will provide you with the highest yield in the market today, Upto 32% APR for supported coins (DAI, USDC, USDT, TUSD, BUSD, PAX) STAKING – Stake YFE and Earn 32% APR, YFE can be unlocked anytime without any lock period or other obstacles on your way.
Yield Farming – It is simply based on a farmer who plants and harvests all his crops. The more you farm, the more the harvest, the more the invest the more the profit. With YFE you will be able to enjoy Yield Farming to its fullest.
Earn swap – Exchange between your assets without sending anything to anyone or without any fear of loss.
Dapps – Earn finance is also developing their own Dapp running on the Ethereum Network, allowing users to use it from any of their favorite wallet (Trust wallet, MEW, Metamask etc.) to search and use their Decentralized Ecosystem.
Earn Finance Tokenomics:
Token Type : ERC-20
Token symbol : YFE
Token Name : Earn Finance
Contract : 0x8c1Ca31E0992421f26A74Df65b303C0Af2A48b51
Total Supply : 500,000 YFE
Circulating Supply : 100,000 YFE
Initial Uniswap Liquidity : 100,000 YFE
YFE for Pre-sale : 200,000 YFE
Team Tokens : 10,000 YFE
Marketing & Development : 80,000 YFE
Airdrops : 110,000 YFE
Conclusion :
Earn finance offers an innovative platform and promotes Defi to an advanced level. It aims to work efficiently with the other existing protocols of Defi to build the new world ecosystem.
Earn Finance Community:
Website : https://earnfinance.net
Telegram channel – https://t.me/earnfinanceglobal
Twitter : https://twitter.com/earnfinance1
Email : [email protected]
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
The post Earnfinance Is a Powerful DeFi Platform for Staking, Farming and Borrowing – YFE Presale Is Live appeared first on Bitcoin News.
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