Details on sFUSE farm pool and vJIN
The rewards for sFUSE farm pool is about to start in less than 24 hours (Block 14891530)! Here’s a little summary to go over things you should know of the farm pool. The rewards emission rate is 0.23782344 vJIN with a bonus multiplier of 3X for the first week. If nothing else, you should take advantage of this limited time period.
The base emission rate is 0.23782344 vJIN per block with a scaling factor curve up to 0.35673516 vJIN per block as more join in the pool.
This curve takes into affect when the staked pool reaches 1 million sFUSE. The reward emissions rate will move in a curve between 0.23782344 to 0.35673516 corresponding to the pool size of 1 million to 5 million. All of this is automatically facilitated by the smart contract code.
There are key points to consider. The greatest rewards comes to early participants especially when the farm pool has less than 1 million sFUSE staked to it and the early multiplier bonus during the first 7 days of launch from block 14891530. The second is that the increased emissions based on the scaling curve is beneficial to everyone who takes part in the pool. While those who join early will certainly gain the most token rewards, anyone will benefit from participating regardless of when.
On related aspects, the total token supply of JIN will be 100 million (NOT to be confused for circulating supply which would be way less starting out). vJIN is meant to be the rewards token for our early users prior to the transition of the finalized launch. The vJIN reward tokens will be converted 1:1 to JIN.
Here’s additional details on why you may want to participate in the sFUSE farm pool. Generally Single Stake are considered to be less risky compared to other yield farms. For example, you don’t have exposure to impermanent loss as opposed to when working with dual trading pairs such as FUSE — [X].
On the flip side, one generally don’t get high returns with the reduced risk. Our sFUSE pool is unique in that we mitigate certain risk while still providing high gains. By utilizing staked assets, we are able to increase user yields.
If you’re staking already on the Fuse network prior to launch, then making the switch to the sFUSE pool will only benefit you greatly as you’ll start earning vJIN tokens on top of your existing staking rewards. If you’re new, the sFUSE pool provides little to no risk while maximizing your staking rewards. Our protocol is the best option when it comes to staking FUSE. The benefits include having exposure to the upside of the L1 Fuse network from earning the native token FUSE and earning the vJIN rewards token of the Jin Finance protocol.
How to get started on maximizing your gains today:
Visit the protocol at JinFinance.com and stake FUSE to receive sFUSE. Deposit your sFUSE into the farm pool. Earn FUSE from network rewards. Earn additional vJIN protocol rewards on top.
Withdraw at any time and unstake back to FUSE should you wish to.