Hallo friends,today i want to talk about a new defi project that i believe is a hidden gem and thankfully i a m a part of this driven- community from the early stages.
First of all i want to be clear.This is not an investment advise.For every new project you have to do your own research.Anyway,every investment in new projects,is a mixture of risk:reward as well as considered research.
WHAT IS GAINS.FARM?
The defi space in general had no innovative projects lately,at least the most of the latest projects that came to light were a copy-paste.
So,what makes the gains.farm unique compared to other defi projects?
The fact that is introducing a new use case of yield farming-decentralized leverage trading and defi NFTs.
The basic idea behind this mechanism is the combination of yield farming with leveraged trading that has the ability to mint and burn GFARM tokens.Thus, GFARM distributed in the farm has REAL value,since it can be used in the leveraged trading,leading to more buying pressure.Also,the farmers tend to sell less of their GFARM rewards for the same reason. Additionally,the leveraged trading mechanism has not any negative impact on the total supply,as for every winning trade a certain amount of GFARM tokens is minted and for every losing trade a certain amount of GFARM tokens is burnt.Its a fact that the 70% of trades are unprofitable trades,which means a lot of deflationary pressure on the total supply, leading to a high potential value of the token at later stages.
THE 2 YIELDS FARMING POOLS
In the first pool you can stake GFARM/ETH UNI-V2 LP tokens and receive GFARM rewards.As we speaking the APY of the first pool is relatively high around 8800%.I say "realetively" because i joined the pool when the APY was around 24.000% and price was in lower fields.Meaning (24.000%365=65,75%) daily income.Yes the second day i harvested my rewards gaining my initial deposit plus a small profit.This pool is essential for the trading platform because traders need liquidity in order to sell their profits back to ETH.
In the second pool you can simply stake ethereum and receive GFARM,meaning FREE GFARM DISTRIBUTION!And you can unstake your ETH whenever you want.So simple.This pool allows people to provide liquidity for GFARM/ETH on Uniswap.
GFARM DISTRIBUTION DETAILS:
Pool 1:
10 GFARM / block for the first 2 weeks (100,000 blocks)
5 GFARM / block for the next 4 weeks (200,000 blocks)
1 GFARM / block forever (we will always need liquidity)
Pool 2:
1 GFARM / block for the first 2 weeks (100,000 blocks)
After that, the pool will close automatically.
THE FISRT DEFI NFTS WITH REAL USE
By participating in the first pool of the farm, you will receive 1 NFT credit per block if you stake at least 1% of all the LP tokens staked.This means the earlier you stake, the easier it is to receive NFT credits!NFT credits allow you to buy NFTs on the platform.GFARM NFTs are licenses that allow you to participate in the liquidations platform and use a higher leverage than the default one (50x).
You have to possess at least one NFT in order to liquidate trades.If you have the most expansive GFARM NFT, you will be able to trade with 250x leverage!
Also, there only exists a limited quantity of each NFT.
IN CONCLUSION:
I believe this one is a solid project with high potential We are in the early stages but we have a protocol with three already working projects and real use NFTs.
The community and the team are very helpful and are there to help every new participant to enter the project.
There is also a refferal program that is worth to have a look at.
You can use my refferal to join if you want.
JOIN GAINS.FARM
Down you can find more information:
DEXTOOLS PRICE AND RATING
GAINS.FARM UPDATE
TRUE DEFI=NO TRUST REQUIRED
HOW TO EARN GFARM
REFFERAL PROGRAM
