One of the major problems faced by decentralized financial investors is dynamic deflation. The good news this week is the Flaming Farm platform launched which plans to revolutionize its unique deflation protocol. This new approach will attract interested investors in the market.
Several yield farming platforms will continue to issue liquidity pool tokens to investors. You might think that this would be better because it would increase the value of the growth and size of the liquidity pool. Unfortunately, the implementation shows a different effect in real life.
If the number of tokens is over demand, then obviously the price will drop significantly. This has happened in the last few years. Flaming farm with its new approach believes that it has found a solution to this problem. This platform uses its unique deflation system trying to make the DeFi community in the market even simpler.
How does a flaming farm work?
The Flaming Farm network automatically monitors the liquidity pool. If there is a drop in the level of the liquidity pool, the system will immediately remove the FFARM token percentage from circulation. This will make the supply to decrease rapidly and directly. This automated system will be able to maintain the value of the FFARM token.
Technically, the flaming farm protocol is set to remove about 2.5% of the pond as a first step to the system. However, the developers have not officially announced the level of the reduction mechanism. The developers are sure that the mechanism created is flexible enough to make investors calm with the expected.
Then the developers will also remove some of the technical obstacles that often occur in DeFi investments. This platform introduces a sophisticated user interface that makes snooping your crypto a breeze. You will be able to monitor all your investment activities in detail.
Flaming Farm users are given special access to various staking pools. You can bet multiple pools of liquidity at one time. Currently, the platform supports DAI, USDT, and ETH pools. Also, Flaming Farm users are allowed access to one of the most advanced yield farming protocols to enter the market.
How to invest in a flaming farm?
In theory, Investors will accept FFARM tokens as their investment. This token will serve as the primary governance token for the network. Users can bet FFARM and get a lot of prizes. Besides, FFARM can be used as a cryptocurrency and perform transactions globally in a fast time.
The most interesting thing is that the FFARM token is compliant with ERC-20 on ethereum. This compatibility makes it even more flexible and makes it easier for users to access l wallets, Dapps, DEX, and exchanges. Besides, tokens stored in the ERC20 wallet can be used in trading on Uniswap.
That's all the information about Flaming farm as The First Deflationary Yield Farming Platform. The team from the flaming farm guarantees the data security of this platform. The platform's smart contracts will also be audited by an audit firm as soon as possible. For complete information about this project, please visit the link below:
Website: http://www.flamingfarm.org/
Twitter: http://twitter.com/flamingfarm
Telegram Group: http://t.me/flamingfarm
Audit Report: https://flamingfarm.org/wp-content/uploads/2020/12/5_6237571314534580687.pdf
Smart Contract: https://etherscan.io/token/0xb00381dcaf378664b32596a612c2c83de4a81dc0
Author's Details
Bitcointalk Username : Ludmilla_rose1995
Bitcointalk Profile URL : https://bitcointalk.org/index.php?action=profile;u=1064448
ETH / ERC-20 Address : 0x29ac4A201C36b7922430F0A37976C1bA1c617339