What is Yield Farming?
Yield farming also referred to as liquidity mining, is a way to generate rewards with cryptocurrency holdings. In simple terms, it means locking up cryptocurrencies and getting rewards. In some sense, yield farming can be paralleled with staking. However, there’s a lot of complexity going on in the background. In many cases, it works with users called liquidity providers (LP) that add funds to liquidity pools. What is a liquidity pool? It’s basically a smart contract that contains funds. In return for providing liquidity to the pool, LPs get a reward. That reward may come from fees generated by the underlying DeFi platform, or some other source. Some liquidity pools pay their rewards in multiple tokens. Those reward tokens then may be deposited to other liquidity pools to earn rewards there, and so on. You can already see how incredibly complex strategies can emerge quite quickly. But the basic idea is that a liquidity provider deposits funds into a liquidity pool and earns rewards in return. Yield farming is typically done using ERC-20 tokens on Ethereum, and the rewards are usually also a type of ERC-20 token. This, however, may change in the future. Why? For now, much of this activity is happening in the Ethereum ecosystem.
Introduction
CATDeFi may be a yield farming service that gives multiple rewards at a time including USDT stable rewards. it’s a governance system that provides full control to the community. those that stake governance token are rewarded for contributing to the success of the project. CATDeFi maybe thanks to making more crypto together with your crypto. Every investor invests and stakes their crypto within the CatDeFi platform they monthly get 2% of the entire fee. it is a dual behavior therapy and multiple rewards mechanisms make it more flexible and attractive. From now onwards, CAT isn’t only a token, it represents the entire CATDeFi protocol during this paper.
What is CAT DeFi?
CatDeFi is a Staking and Yield Farming decentralized staking platform that provides passive income to its investors by distributing rewards to users according to the amount of token staked and the retention time of the tokens on the staking platform.
2% fee from each transaction is distributed amongst all holders. The percentage received by holders is directly proportional to the amount of token held in the wallet at the time of reward.
Every CAT holder automatically receives their share of the fee in their eth wallet directly.
CAT Yield farming platforms and protocols (coming soon)
How are you able to earn these yield farming rewards? Well, there isn’t a group thanks to doing yield farming. In fact, yield farming strategies may change by the hour. Each platform and strategy will have its own rules and risks. If you would like to urge started with yield farming, you want to get conversant in how decentralized liquidity protocols work. We already know the essential idea. You deposit funds into a sensible contract and earn rewards reciprocally. But the implementations can vary greatly. As such, it’s generally not an excellent idea to blindly deposit your hard-earned funds and hope for top returns. As a basic rule of risk management, you would like to be ready to remain on top of things of your investment.
CAT DeFi Features
Yield Farming
Staking
Own Liquidity Pool
Uniswap Liquidity
Governance
Lending
Token Information
Total Supply — 30 Million CatDeFi Tokens
SoftCap — 1.5$ Million
HardCap — 20$ Million
Marketing — 9%
Development — 13%
Presale — 35%
Bounty & Airdrop — 12%
Crowd Sale — 13%
More: https://catdefi.org/
Conclusion
CATDeFi may be a yield farming service that gives multiple rewards at a time including USDT stable rewards. it's a governance system that provides full control to the community. those that stake governance token are rewarded for contributing to the success of the project.
Information:
Website: https://catdefi.org/
Twitter: https://twitter.com/catdefiorg/
Reddit: https://reddit.com/user/catdefi
Telegram: https://t.me/catdefi/
Facebook: https://facebook.com/catdefi/
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