The Force Protocol ForTube Yield Farming Tutorial

ForTube
ForTube
Jul 29 · 4 min read
Image for post
Image for post

About ForTube Yield Farming

ForTube yield farming refers to the process by which users obtain The Force Protocol ecological token FOR through injecting liquidity into the ForTube platform. Users only need to deposit or borrow the designated tokens according to the farming requirements to receive FOR as rewards.

About ForTube and FOR

1.ForTube is a one-stop lending, investment, and financial management platform developed by The Force Protocol.

The ForTube platform includes three business segments: ForTube Bond, ForTube Bank, and QIAN, providing individuals and enterprises with cryptoassets lending, investment, and financial services.

ForTube Bond is a crypto bond issuance and investment platform that supports regular borrowing and investment of cryptoassets. ForTube Bond mainnet has already been launched.

ForTube Bank is an algorithm-driven crypto bank that supports the current deposit and lending of cryptoassets. ForTube Bank mainnet has already been launched.

QIAN is a decentralized stablecoin ecosystem. QIAN is currently under internal testing.

Please visit the official website for more details: https://for.tube/

2. FOR is the ecological token of The Force Protocol, with a total circulation of 1 billion.

Please visit CMC official website for more details: https://coinmarketcap.com/currencies/the-force-protocol/

FOR contract address: 0x1fcdce58959f536621d76f5b7ffb955baa5a672f

3. As the governance token of the ForTube platform, FOR token plays the following roles:

  • FOR holders vote, modify and adjust the key variables of the ForTube system
  • FOR holders participate in ForTube Bond credit rating to obtain bond rating service fee
  • FOR holders participate in QIAN’s system parameter governance

Farming rules:

  • Supported tokens: HBTC, ETH, HT, OKB, USDT, USDC, etc.
  • Estimated total yield: [100 million] FOR
  • Release speed: [W] FOR per block. Different tokens with different farming methods, and different periods have different W.
  • Farming cycle: The farming will last from August 4th to August 31st (UTC+8) , 28 days in total. Every 7 days is one around and the whole cycle is divided into four rounds: Wind, Wood, Fire, Mountain. The first round of “Wind” farming is starting at 12AM, August 4th (UTC+8). It is estimated according to the latest average block time [13.8] seconds/block. (Etherscan.io/chart/blocktime)
  • Rules: There are two ways of farming: deposit farming and borrowing farming.

A: Deposit tokens to farm: For a certain token, the amount of yield per block is W. The number of tokens deposited by a user in the liquidity pool of this token is X, and the total amount of tokens deposited by all users in this liquidity pool is Y. The final yield that the user can obtain per block is: W*X/Y

B: Borrow tokens to farm. For a certain token, the amount of yield per block is W. The number of tokens borrowed by a user in the liquidity pool of this token is X, and the total amount of tokens borrowed by all users in this liquidity pool is Y. The final yield that the user can obtain per block is: W*X/Y

  • Changes to rules: The rewards per block, the liquidity pool that supports farming, and the farming method parameters will not change within each round of farming. According to market data, the above parameters will be adjusted before the next round of farming starts. Each farming round may also support multiple liquidity pool mining at the same time. The changes in farming rules will be notified on official websites, Twitter, Weibo, and other social media as soon as possible.
Image for post
Image for post
Image for post
Image for post
  • Yield:

Yield calculation: Yield of deposit farming = farming yield + deposit interest income;

The yield of borrowing farming = farming yield - borrowing interest cost

Yield withdrawal: The farming yield of the day can only be withdrawn on the second natural day. The farming yield shows an estimated delay of [30] blocks (about 7–8 minutes). Users can withdraw all the yield from the previous day at one time.

The farming method, supported tokens and release speed (unit block reward) of the first round of “Wind” farming will be announced before the official start of the campaign.

Please stay tuned.

Visit the ForTube Bank website to participate in the Yield Farming: https://for.tube/bank/home

🖇🖇🖇Know More About The Force Protocol
▲Official website: https://www.theforceprotocol.com/
▲ForTube website: https://www.for.tube/home
▲Twitter: https://twitter.com/Force_Protocol
▲Reddit: https://www.reddit.com/r/The_Force_Protocol/
▲Github: https://github.com/thefortube
▲knowledge library of ForTube platform: https://docs.for.tube/

ForTube

ForTube is the world’s top DeFi lending platform.

ForTube

Written by

ForTube

ForTube is the world’s top DeFi lending platform launched by The Force Protocol.

ForTube

ForTube

ForTube is the world’s top DeFi lending platform launched by The Force Protocol. It is committed to providing decentralized lending services for cryptoasset enthusiasts around the world, supporting most of the world’s popular assets.

ForTube

Written by

ForTube

ForTube is the world’s top DeFi lending platform launched by The Force Protocol.

ForTube

ForTube

ForTube is the world’s top DeFi lending platform launched by The Force Protocol. It is committed to providing decentralized lending services for cryptoasset enthusiasts around the world, supporting most of the world’s popular assets.

Medium is an open platform where 170 million readers come to find insightful and dynamic thinking. Here, expert and undiscovered voices alike dive into the heart of any topic and bring new ideas to the surface. Learn more

Follow the writers, publications, and topics that matter to you, and you’ll see them on your homepage and in your inbox. Explore

If you have a story to tell, knowledge to share, or a perspective to offer — welcome home. It’s easy and free to post your thinking on any topic. Write on Medium

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store