BiFarms Network Announced the Launch of the Decentralized Multichain Yield Optimizer Platform and Tier-less Launchpad Ecosystem
12 Maggio 2022 - 8:08PM
NEWSBTC
BiFARMS has announced the launch of the all in one decentralized
finance yield optimizer platform that’s focused on providing high
yields on crypto assets. BiFARMS aims to simplify this process by
creating a seamless and streamlined process for users to earn a
rewardingly high yet modest APR in the easiest and safest way while
ensuring sustainable growth within the BiFARMS platform across
multiple farming ecosystems. According to the research, the
Decentralized Finance (DeFi) crypto market cap is estimated at
$122.40B, at the time of writing. Statistically, it’s crystal clear
that the DeFi sector is gaining a lot of traction as it continues
to offer decentralized financial services with high yields to
crypto investors. The emergence of DeFi has not only provided
crypto enthusiasts with a new way of investing and wealth
management but also complete control of their finances thus
eliminating intermediaries from the system. With peer-to-peer
relationships and self-executing “smart contracts” on the
blockchain network, DeFi democratizes finance and replaces
traditional centralized institutions like banks, brokerages, and
more. Decentralized Finance leverages decentralized networks to
reshape old financial products into trustless and transparent
protocols that run without intermediaries. DeFi projects on the
blockchain network provide easy and cheaper access to financial
services, from banking, loans and mortgages, to asset trading.
There are also decentralized yield optimizer platforms that allow
users to earn compound interest on their crypto holdings. They are
an on-chain asset management protocol that leverages data analysis
and optimization techniques to automatically compound rewards to
earn the highest compound interest rate possible. One of such
unique DeFi yield optimizer projects is BiFARMS. Through a set of
investment strategies secured and implemented by smart contracts,
BiFARMS network automatically maximizes the user rewards from
different liquidity pools (LPs), automated market making
(AMM) projects, and other yield farming opportunities in the
DeFi ecosystem. The investment strategy tied to the platform’s
vault will automatically increase the deposited token amount by
compounding arbitrary yield farm reward tokens back into a user’s
initially deposited asset. Users can un-stake deposited digital
assets from the vault at any time and also withdraw generated
assets at their convenient time. Revolutionizing the DeFi space
BiFARMS consists of a wide range of unique solutions such as
decentralized exchange, multi-chain yield optimizer, liquidity
providing pool, yield-farming protocol, staking program and
all in one tier-less launchpad. BiFARMS is a decentralized exchange
that connects users to trade cryptocurrencies in a peer-to-peer
marketplace. It enables users to swap their tokens with low token
transaction fees, and users stay in control of their private key
when transacting on a DEX platform. By utilizing the BiFARMS
multi-chain liquidity protocol, users are allowed to swap different
tokens across all networks, thus addressing the issues of liquidity
fragmentation and poor user experience for DeFi and web3. It also
provides liquidity to exchanges, loans, and other DEFI
applications. The transaction fees are distributed proportionally
to all the liquidity providers in the pool, so the more crypto
assets users stake the more fees they will earn. The multi-chain
yield optimizer enables users to receive high yields on their
crypto holdings while eliminating the cost and inconveniences of
daily harvest. By deploying data analysis, automation and
optimization methods, yield optimizers are able to help users earn
the highest compound interest rate possible. Users can leverage
DeFi yield farming of stable coins and other crypto assets on
BiFARMS to increase their crypto earnings with their assets.
Through staking programs, the decentralized ecosystem offers users
the opportunity to put their crypto to work and earn rewards on it.
When users stake crypto, they are chosen to validate transactions,
and in turn, they receive those crypto rewards. BiFARMS is a
decentralized tier-less launchpad that works on a first come first
serve system. The IDO launchpad will help to engage and empower new
crypto projects by raising funds and ensuring authenticity to
investors. The launchpad also provides investors with a good list
of all the reliable crypto projects to be launched. Spearheaded by
Rohit Diwan, CEO of BiFARMS, the all-in-one DeFi yield optimizer
project comprises a team with an extensive background in crypto and
finance, directly inspired by already existing yield optimization
projects on the Ethereum network. This team of developers
intends to nourish the long-term DeFi ecosystem and make
it easier for everyone to participate within it. BiFARMS
network is also actively encouraging developers to participate and
engage in the development of the project to make BiFARMS an even
better product. What makes BiFARMS different from existing yield
optimizers? Unlike traditional yield optimizers, BiFARMS largely
distributes revenue back to those who stake the native utility
token – $BFS. $BFS tokens are ‘dividend-eligible’ revenue shares in
BiFARMS, through which holders earn profits generated by BiFARMS
network and are given the right to vote on key platform decisions.
The platform revenue is generated from a little percentage of all
the vault profits and distributed to those who stake $BFS. Token
holders can stake $BFM to either earn more $BFS in a BFS vault, or
earn $ETH, $BNB, $MATIC, $AVAX, $FTM, $HT, $CELO, $ONE, or $MOVR in
the native staking pools. What’s more is that the project has
expert smart contract developers and financial advisors who
meticulously test and review the platform’s vaults, investment
strategies, new platforms and smart contracts before releasing them
to the public. BiFARMS is flexible and operates on more than one
blockchain including BSC, HECO and Avalanche. Through this
expansion, the unique project will be exploring new methods of
optimizing automation to secure the highest yields available.
Moreover, by making the source code widely available for public
testing, scrutiny, and experimentation, all forms of bugs within
the BiFARMS ecosystem will be discovered rapidly. BiFARMS offers
unique strategies that are non-existent in other yield optimizers.
This includes liquidity pool pairs that are available only on the
BiFARMS platform. BiFarms is a decentralized, multi-chain yield
optimizer that focuses high yield on crypto holdings. All in one
tierless launchpad. The best is that the BiFarms BFM presale is
happening right now.
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