Essentia To Partner With Value DeFi: New vFarms Soon To Open
Today we’re here to announce another great news. As you probably remember, a few days ago we announced Essentia joining the DeFi ecosystem. With Unicrypt farms already open for farming, we didn’t stop there.
We are delighted to announce our strategic partnership with Value DeFi! Essentia will become one of the projects to launch our own liquidity mining solution (essentially a vFarm) using Value DeFi’s one-click solution.
What is Essentia?
For all new users there, Essentia is a masternode powered blockchain that enables interoperability and cross-chain transactions. It is an ‘all-in-one platform’ that manages all things crypto through an easy-to-use application. And now, we’re coming on DeFi!
What is Value DeFi FaaS?
Farms-as-a-Service (FaaS) is a free decentralized self-serving platform for any project to create fully customizable liquidity mining solutions which ultimately saves time and fees for everyone in the process.
What does our partnership mean?
Starting on 22 Feb and over the course of approx. 25 days we will distribute 8.2M of ESS reward tokens on our vFarm through FaaS. Unlike the Unicrypt method, farming on FaaS will not require any LP tokens. All you will need to do to start earning Essentia tokens is to add your liquidity to a respective pool that will be added to the Value DeFi’s platform.
This eliminated middleman will mean you will save money on fees, having fewer interactions with the Ethereum blockchain.
What’s next?
The first pool to launch will be ESS/ETH pool. We are already thinking of other options, that will be announced as soon as possible — so stay tuned for the news. At the date announced our vFarm will be added to the Value DeFi platform. If you are not sure how to use the service, don’t worry, we’re already preparing a step-by-step guide for you to check out.
Partnering with Value DeFi we want to provide a more feasible solution for our users to farm ESS tokens while providing the necessary liquidity along the way.
Stay tuned for more news regarding the cooperation and the new farm. Join Essentia’s Telegram channel, Twitter or Facebook to stay on top of the updates.
Note: Essentia reserves the right to renew the pools after the original farming period if they see fit at a later date.
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