Yield farming positions can now be tokenized and sold for their future value now, thanks to the new VOLCIE NFT token initiative of the Volcano yield farming program. VOLCIE can be sold for its “Future Value” in reward earnings on a secondary marketplace like opensea: For example; imagine that you could sell Volcie which is worth 10 ETH today, instead for 100 ETH or 200 ETH now. The price appreciation represents it future value based on guaranteed projected reward earnings in the position. How Amazing is that?
Alternately, Liquidity providers may choose to hold on to the VOLCIE while accumulating monthly rewards until they decide to burn the VOLCIE to retrieve original Liquidity tokens deposited together with earned rewards . Either way the transferability of NFT’s representing earning positions, create a secondary speculative market sure to put more demand pressure on the yield farming program and make a lot of happy traders.
Volcano Yield Farming Program Overview
The Kittiefight Volcano is a smart faucet that incentivizes on-chain liquidity. Users can then receive more KTY utility tokens and SDAO for providing KTY and WETH, ANT, yDAI,yYFI, yyCRV, yaLink, aLend, aSNX, yETH, aYfi , 2key, GNO, yETH, UNI and SDAO token pairs liquidity on Uniswap. 7% (or 7,000,000 ) of the total fixed KTY token supply and 7% (or 7,000,000 ) of the total fixed SDAO token supply is allocated to the 6 month program duration. 10% (700,000 KTY & 700,000 SDAO) out of the program allocations are auto awarded to yield farmers who participate within the first 21 days of the volcano program launch, and as long as they continue till the end of the program duration.
Yield farmers are free to unstake collateral at any time, but only eligible to withdraw yield as long as participation time exceeds a minimum of 1 month schedule with the program schedule. The allocated KTY and SDAO tokens in the Volcano unlocks gradually over time each month and yield farmers receive share of the unlocked KTY and SDAO tokens over time for a duration of 6 months.
Volcano Program Details
- Volcano Testnet : 11:59 EST, September 27th, 2020
- Volcano Mainnet Launch: 11:59 EST, October 12th, 2020
- Website :https://www.kittiefight.io
- Twitter: https://twitter.com/kittiefightHQ
- Telegram: https://t.me/KittieFIGHT_DeFi
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- Contracts: https://github.com/kittiefight/contracts/tree/dev/contracts/yieldFarming
- Total Supply: 100,000,000
- Distribution: 7% KTY and 7% SDAO Governance tokens distribution to early supporters via yield farming : https://www.kittiefight.io/about/kty-dao-token
- Kittienomics : https://www.kittiefight.io/about/kty-tokenomics
- Volcano Yield farming program : https://www.kittiefight.io/yield-farming
- Volcano Yield farming program tutorial : https://blog.superdao.io/tutorial-how-to-stake-uniswap-liquidity-pool-tokens-in-the-volcano-yield-farming-program-16d5d4fdca66
Audits: Audit results should be available on or before 11:59 EST, October 12th, 2020. We have also provided several security measures to ensure safety of user funds, like modularity and extensive internal and external testing .
