SuperFarm Enters New Era with NFT Farming Launch
SuperFarm community, the time has finally come: SuperFarm is thrilled to announce that NFT farming is LIVE NOW!
The launch of this core functionality marks the beginning of an exciting new era for SuperFarm, empowering SUPER holders and partner projects to leverage their tokens for rewards in a non-inflationary way.
A new phase of utility
With the claim portal and our native launchpad SuperStarter having come to life in the last few weeks, SuperFarm maintains the fast pace of delivering its product suite. With NFT farming now live, another key piece has been added to the SuperFarm ecosystem bringing powerful utility to the token holders.
In addition to holders getting the benefit of farming NFTs, SuperFarm’s unique tech stack will allow partner projects to utilize the SuperFarm platform in a symbiotic way: turning their native token into NFT farms brings attractive utility to both the project’s and SuperFarm’s communities.
The utility goes further than farming NFTs, as the smart contracts deployed allow for combinations of crypto rewards and NFTs to be accrued by users.
DeFi meets NFTs
In recent months, we have seen exciting innovations and new applications in both the NFT space as well as the DeFi landscape. SuperFarm’s ambition is nothing less than to bring the best of these two worlds together and merge DeFi and NFTs in new innovative ways.
The imminent rollout of NFT farming on SuperFarm — while only the beginning on this journey — is an important step, bringing an entirely new level of utility and gamification to the NFT and DeFi world:
- NFT farming represents an exciting opportunity to reward a project’s community in a non-inflationary way, protecting token holders from being “inflated away.”
- Farmed NFTs can come in different shapes and forms, giving projects endless possibilities to add unique NFT properties and utility.
- NFT farms allow projects to bring a novel gamification aspect to their ecosystem in many creative ways — there is almost no limit to what can be accomplished with NFT farming.
- By farming NFTs with utility that don’t inflate the underlying token supply, holders and projects can both win big.
Farming Genesis Series NFTs with SUPER Tokens
The first NFT farm is live now and will reward the SuperFarm community for waiting patiently on this significant milestone. It will allow SUPER holders to deploy their tokens and get started with NFT farming!
Here is how NFT farming works:
- Users will be able to stake their SUPER tokens and accrue GEMS on a block-by-block basis based on their proportional share of the total pool.
- These points can be redeemed for SuperFarm Genesis Series NFTs (read all about the Genesis Series NFTs and their powerful utility here).
- Unredeemed points will have additional utility in the future, so don’t worry if you can’t make use of all of them right away.
The initial SUPER farm is just the beginning, with multi-asset LP farms, including a SUPER/ETH LP farm for liquidity providers that distributes gems and more SUPER, is deploying as well!
Genesis Series NFTs Farmable in the Genesis Pool
In addition to giving priority access to drops and enabling farming boosts, Genesis Series NFTs will have special in-game utility in upcoming SUPERVERSE games.
Many Partner Farms in the Pipeline
In addition: we have several partner farms in the works, ready to be deployed shortly after that, which will make NFT farming on SuperFarm a genuinely immersive and collaborative experience. Keep an eye out for upcoming announcements on our channels!
Farmers ONLY!
In addition to amazing benefits, it will now be required to stake SUPER tokens into either SUPER or SUPER/ETH LP farms to be eligible for future SuperStarter launches.
This change will NOT affect any ongoing or previously announced SuperStarter Whitelists. This will only be applied in the future when the community has time to adjust.
Happy Farming!
