🔎 DYOR: Gains.Farm v2 ecosystem
In this post we will go in the details about the GFARM2 ecosystem so everyone can do his own research and see what makes our protocol unique!
👨🌾 Yield Farming
Our token (GFARM2) had no presale or ico
Our token is distributed fairly through the farm in two pools:
🌾 Pool 1
Earn GFARM2 rewards by providing liquidity for the GFARM2/ETH pair on Uniswap and staking your LPs.
This pool is essential because the trading platform needs liquidity and completly relies on the token.
It will last forever, and rewards will smoothly be reduced every week to reduce the inflation.
GFARM2 distributed in pool 1 (total): 30,000
🚜 Pool 2
Earn GFARM2 rewards simply by staking ETH.
This pool is essential at launch because it’s the only way to get the first GFARM2 tokens.
This pool distributes 10x less rewards than pool 1 and only lasts 5 days.
GFARM2 distributed in pool 2 (total): 5357
📈 Decentralized leverage trading
This is the core part of our ecosystem.
How does it work?
- You use GFARM2 tokens to open new trades
- When you open a trade, your GFARM2 are 100% burned.
- When you close your trade with a profit, your position size is minted back to your wallet, and your profits are stored.
- When you close your trade with a loss, what’s left of your position size is minted back to your wallet.
- You can claim your gains whenever you want.
Some more details:
- If GFARM2/ETH goes up/down, your position size in GFARM2 decreases/increases proportionnally so your ETH position size always stays the same. It protects you from potential GFARM2/ETH volatility.
- Your gains are limited on 400% per trade.
- If you lose more than 90% on your trade, you can get liquidated.
This doesn’t create inflationnary pressure on the supply, because it’s well known that at least 50% of traders lose.
The supply should even become deflationnary long-term.
Anyone with a GFARM2 NFT in their wallet can liquidate losing trades and earn 10% of their position size.
Whenever a trade can be liquidated, it will show up in the “Liquidations” part of the trading platform, and you just have to press on the “liquidate” button to earn the rewards!
This part is also essential to the ecosystem because otherwise the trading platform couldn’t work.
Our platform has the first DeFi NFTs ever. They are fully integrated with the trading platform, have real utility, and therefore have real value.
Why are they useful?
- They let you liquidate losing trades on the trading platform → passive revenue
- They allow you to use higher leverage in the trading platform.
If you don’t have any GFARM2 NFT in your wallet, you can only use 10x leverage in the trading platform. Otherwise, you can use up to 150x leverage.
🟣 Gains V2 (GFARM2) Token
Max supply: 100k (only 35k distributed in the farm, the rest is to give short-term room for many traders to profit at the same time)
The main part of our ecosystem.
1st farmable token with a DeFi use case other than governance.
Our products are fully working, you can already try them!
💬 Join our growing community!
GFARM2 - Farm 2.0: Trading & NFTs
DEFI protocol: yield farming, decentralized leverage trading (ETH price on Uniswap), and NFTs.