Total Locked Value (TLV) of 10M was reached in the first 4 hours of the farming program.
Free TON, a community-driven blockchain with decentralized governance, has announced its 15M TON Yield Farming program will take place on TON Swap (Free TON’s DEX is powered by Broxus). In addition, the WTON-USDT pair will be hosted both on Uniswap and TON Swap.
Today, June 29, the first stage of farming begins, with the second stage expected to start by the end of the week. The rewards for liquidity providers will be given within two months.
In broad terms, yield farming is similar to staking. Community members supply an asset to a liquidity pool and that is then used to generate interest, or yield. In return for providing assets, users are rewarded based on the amount they submit to the pool.
Free TON has recently committed to adding $1B in liquidity before the end of 2021. Most of the network’s tokens will be put into Yield Farming in order to attract other significant DeFi protocols as well as to add more liquidity to Free TON and pull more liquidity from Ethereum before the launch of Ethereum 2.0.
If you would like to learn more about yield farming through Free TON, please check out the guide here: https://docs.tonbridge.io/ton-swap/yield-farming-guide/farming-guide
About Free TON
Free TON is a fast, secure, and scalable network, which can process millions of transactions per second thanks to its unique dynamic sharding technology. It is on a mission to drive widespread adoption of decentralized solutions by millions of users.
Other unique features of Free TON in addition to its infinite sharding paradigm include instant hypercube routing, proof-of-stake mechanics to validate new blocks, an ability to configure network parameters by voting, and many more.
Image by PublicDomainImages from Pixabay