Last week we were told that 2.5M $RFOX tokens are destined for participants of the RFOX multiverse.
More specifically, the giant token pool is becoming available for those who stake KOGs NFT sets. And for the first time, qualifying sets include Special Edition collections from Marvel’s Bad Days plus the International Anti-Poaching Foundation.
But there’s more great news from the Metaverse! Another 3M $RFOX tokens are available for the brave souls willing to risk impermanent loss by adding liquidity to the RFOX-BNB pool on RFOX Finance.
The VFOX-RFOX farm begins soon and earns great $RFOX rewards. But since the RFOX-BNB farm is so fresh, the APY is still over 200%! That’s a DeFi DeGen’s dream for you.
The team put together a farming how-to, and it’s a breeze so long as you can find the Liquidity slider on the Trade tab. I would like to see this function duplicated on the Farms tab since that’s where I would head first if I were interested in farming.
RFOX’s DeFi division had this to say about the new earning opportunity:
“RFOX Finance is committed to offering more crypto-financial solutions that provide ways for the RFOX community to maximize their RFOX token holdings.”
Maximizing token returns is a recurring theme throughout the RFOX multiverse. The team truly does put a lot of planning into how it can issue rewards to those holding $RFOX or $VFOX or KOGs NFTs.
Here’s a quick look at the rewards figures for the new farm:
- Total rewards: 3,000,000 RFOX
- Distribution duration: Approximately 90 days
- Starting block: 15560000 (approximately 8 AM UTC on February 25, 2022)
- Finish line: 18152000 (approximately 8 AM UTC on May 26, 2022)
- Rewards per block: 1.574 RFOX
- Maximum stake per wallet: None
The farm’s time doesn’t care about the day or the region that you’re in. Nobody will pull the plug in precisely 90 days, for example. Instead, the farm runs on blockchain time, the speed at which the BNB chain produces blocks.
The BSC scan site will give you an approximation, which has already changed since RFOX made the announcement. Nothing to worry about in particular; you just wouldn’t want your assets to sit idle when they could earn interest elsewhere.
You can always set a reminder for May 26 but keep in mind the farm may end before or after that day. But if you’re reading this in February, you’re in luck because the APY should still be astronomical.
As I write this, in fact, the returns are over 200%. Grab the significant gains while you can — as more funds enter the pool from other wallets, the percentage will shrink. Still magnitudes better than any bank can offer today.
Happy farming!