⚖️Yield Farm

SharkSwap yield farm

The SharkSwap platform allows holders to earn interest or rewards by providing funds to a decentralized finance (DeFi) platform. This concept is a crucial component of the SharkSwap DeFi ecosystem, aiming to incentivize users to contribute funds to maintain liquidity for the SharkSwap platform.

SharkSwap Yield Farm

Providing Liquidity Funds:

Within the SharkSwap platform, users can engage in trading one or multiple assets [COIN] with minimal spreads and the lowest possible slippage.

Liquidity refers to the availability of one or multiple assets [Tokens] within the trading market.

Liquidity Providers

Liquidity Providers (also known as liquidity miners) can deposit funds into the smart contract of the SharkSwap platform, allowing other traders to transact with these funds. By injecting funds into SharkSwap's liquidity pool, users can receive trading fees and SHARK tokens as rewards.

Rewards and Incentives:

As compensation, liquidity providers will receive specific rewards, composed of SharkSwap platform's native token, SHARK, as well as platform transaction fees and deposit interest. The quantity and method of rewards are calculated based on the amount of deposited funds by users and the duration of assets being locked on the SharkSwap platform [APY].

Mining and Miners:

Participants who provide liquidity in the yield farm are referred to as "miners". Users mine token rewards by supplying funds. The SharkSwap platform will enhance APY to incentivize early liquidity providers, promoting the growth of the SharkSwap ecosystem.

🏆 In summary, the yield farm is an integral component of the SharkSwap ecosystem, offering users a significant opportunity to engage with the SharkSwap platform and earn interest or rewards.