Free TON DeFi Alliance Announces TON 15M Yield Farming Program – Press Release Bitcoin News

Press release

PRESS RELEASE. The 15M TON Yield Farming Program will take place on. instead of TON swap (Free TONs DEX powered by Broxus), with the exception of the WTON-USDT pair, both of which are hosted on Uniswap and TON swap. The first phase of agriculture begins on June 29th. The second stage should start at the end of the week. Liquidity provider rewards are paid out within two months.

FREE SOUND is a fast, secure and scalable network that can process millions of transactions per second thanks to its unique dynamic sharding technology. Its mission is to drive the widespread adoption of decentralized solutions by millions of users. Other unique features of Free TON besides its infinite sharding paradigm include instant hypercube routing, proof-of-stake mechanics to validate new blocks, the ability to configure network parameters through voting, and much more.

Distribution for the 1st stage

Pair platform Reward within 2 months in TON Farming speed0.84 WTON / s
WTON-USDT TONSwap 4,354,650,000 0.84
WTON-USDT Uniswap 518 400,000 0.10
WTON-WETH TONSwap 518 400,000 0.10
BRIDGE WTON TONSwap 518 400,000 0.10
WTON-WBTC TONSwap 518 400,000 0.10
WTON-USDC TONSwap 518 400,000 0.10
WTON-FRAX TONSwap 518 400,000 0.10
USDT-USDC TONSwap 518 400,000 0.10

Free TON recently committed to adding $ 1 billion in liquidity by the end of 2021. Most of the network’s tokens are used in yield farming to attract other major DeFi protocols as well as add more liquidity to Free TON and gain more liquidity from Ethereum before the launch of Ethereum 2.0.

This time the Free TON DeFi Alliance has teamed up with the FRAX (FRAX, FXS) and STASIS (EURS) protocols. The partnership will benefit users of all three networks as it gives access to highly scalable, stable and on-chain money with low transaction costs and high TPS.

How to participate in yield farming and collect rewards

  1. Install Crystal Wallet for Google Chrome https://ift.tt/3h5hREG
  2. Send TONs to your address in the Crystal Wallet
  3. To participate in yield farming, you need a pair of tokens, for example WTON-USDT
  4. To convert TON to WTON visit wton.io and exchange TON for WTON one for one
  5. To get USDT on the FreeTON network, you can purchase USDT through a trading pair at. to buy tonswap.io, or send from ETH to FreeTON via tonbridge.io

5a. visit https://tonswap.io/swap and exchange the currency you need

5b. visit https://tonbridge.io/, Connect your Metamask and Crystall wallets there and use the ETH-TON tab. Select the token and follow the further instructions on the website.

  1. As soon as there are two tokens on your Crystal Wallet in the FreeTON network (for example WTON and USDT), go to https://tonswap.io/pool and add liquidity to the pair. After the liquidity has been delivered, take your LP tokens (click the cross next to the LP tokens at the bottom of the page) and you will receive the Pool LP tokens on your wallet
  2. Go to https://ift.tt/2UJS6Rn, select the pool that corresponds to your pair that you are investing liquidity in and click the Deposit button
  3. Done! After the LP tokens have been credited to agriculture, you will see your share in the pool and can pick up the reward.

Reasons for yield farming and why it is worth participating

For the free TON DeFi Alliance:

1. First, yield farming is a growth hacking technique that creates a positive feedback loop: token subsidies increase returns, returns increase capital inflows, the larger the inflows, the larger the TVL of the pool, the more efficiently the trades can be executed; The more volume is acquired, the higher the return. The business will grow by subsidizing the activity / liquidity of the users early on until the operating income of the users covers the profitability they need early on in the project development. By issuing them tokens, you turn early users into beneficiaries of future revenue streams, overcoming their reluctance to put liquidity in early logs.

  1. Decentralization of the network and acquisition of new supporters.

For users:

  1. The ability to generate oversized returns in either transaction fees or TON-Crystal subsidies.

If you run into trouble at any stage of the Free TON Yield Farming Program, visit Broxus Telegram chat, and the team will do their best to help you.

This is a press release. Readers should do their own due diligence before taking any action in relation to the advertised company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use or reliance on any content, goods or services mentioned in the press release.

Photo credits: Shutterstock, Pixabay, Wiki Commons



source https://bidsfor.me/free-ton-defi-alliance-announces-ton-15m-yield-farming-program-press-release-bitcoin-news/

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