Yield Farming into the Paradefi Network Ecosystem
Before the official launch of the Paradefi Network dividend offerings, to enhance a strong ecosystem and the impact of the yield farming trend. The Paradefi Network foundation decided to join this phenomenal trend and will propose the addition of yield farming into the PRT ecosystem.
How yield farming benefit the citizens?
With the launch of yield farming, Paradefi Network citizens will have more choices to earn an additional number of PRT tokens by simply staking their PRT or any allowable assets in the dApp.
How will Yield Farming work in the PRT Ecosystem?
To join the Yield Farming, users will stake their PRT/other allowed cryptos from app.paradefi.network and deposit the dividends with its underlying assets in Uniswap to create a secondary market. Farmers will then be able to stake the liquidity pools created as they running their YF campaigns by depositing PRT tokens or any allowed cryptos into a Uniswap pool to create liquidity, it allows users to stake those LP tokens to yield farm PRT within the PRT Yield Farming smart contact in which Paradefi Users will be able to stake the liquidity pools created to earn the PRT. The Framing campaign will end then the users cancel through the governance vote, this will provide the ecosystem to leverage to ecosystem development, allowing the PRT and asset holders to effortlessly earn new assets.
How do your Liquidity mine?
It will be integrated into the app.paradefi.network, in this dApp, users will be able to interact with the Yield Farming tab. This tab will also allow users to add liquidity to pool on Uniswap easily, the yield farming also will not have any lockup period, users can be easily able to add or withdraw at any time.