Farms
Last updated
Last updated
DeFi farms incentivise users to provide liquidity to various One80 farm products by depositing their cryptocurrencies into liquidity pools. This helps solve the problem of low liquidity for newer or more specialist assets, making it easier for traders and investors to execute trades at fair prices.
By participating in One80 farms, users can earn rewards in the form of additional tokens or fees for providing liquidity. This enables investors to generate passive income on their crypto holdings beyond traditional methods like holding and staking.
One80 farms allow the protocol to distribute their tokens to the community in a decentralised and fair manner. This helps avoid centralised token distribution models, ensuring a broader and more diverse ownership base.
Farms incentivise users to actively engage with the protocol, driving network activity and adoption. This active participation supports vibrant and engaged community around the One80 protocol.
Some DeFi farms support cross-chain liquidity provision, allowing users to access opportunities and rewards on multiple blockchain networks. To support interoperability and provides users with a broader range of options for earning rewards.
One80 farms often facilitate the decentralisation of governance tokens, ensuring that control is distributed among a diverse set of token holders. This reduces the risk of centralisation in the hands of a few entities and increases network resilience.
DeFi farms encourage the development of innovative financial products and strategies, such as liquidity pools, automated market makers (AMMs), and yield optimisation protocols. These products might not be available or possible in traditional finance.
DeFi farms enable users to access and provide liquidity for niche assets and tokens that might not be available on centralised exchanges. This expands investment opportunities and diversifies user portfolios.
The target audience for decentralised finance (DeFi) farms (yield farming or liquidity mining) includes a diverse group of individuals interested in earning rewards by providing liquidity to DeFi protocols. The primary target audience for DeFi farms includes:
These individuals are already familiar with cryptocurrencies and are actively involved in the cryptocurrency market. They are likely to be early adopters of DeFi technologies and are interested in exploring new opportunities to generate yields on their crypto holdings.
Users actively seek ways to earn passive income on their cryptocurrency assets beyond simple buy-and-hold strategies. DeFi farms offer an avenue for these users to earn additional tokens or fees by providing liquidity to various DeFi platforms.
Traders or investors who are willing to provide liquidity by depositing their crypto assets into liquidity pools to facilitate trading activities and earn rewards in the form of additional tokens or fees.
DeFi farms involve risks, including impermanent loss and potential smart contract vulnerabilities. These platforms' target audience may include users willing to take on these risks for the potential rewards.
Many DeFi farms are associated with specific protocols. Community members and token holders of these projects will be incentivised and rewarded to participate in liquidity provision to support the ecosystem.
Governance tokens are often used to vote on key decisions within One80 Protocol. Token holders are encouraged to participate in liquidity provision through DeFi farms to increase their voting power and influence on the platform's governance.
DeFi farms often require interacting with smart contracts, decentralised applications (dApps), and cryptocurrency wallets. The target audience for these platforms may include users who are comfortable with blockchain technology and have experience using DeFi protocols.
DeFi farms allow users to diversify their crypto holdings by providing liquidity to different liquidity pools and earning rewards in various tokens. Users looking to diversify their investment strategies might find DeFi farms appealing.
Traders who actively participate in the cryptocurrency market may be attracted to DeFi farms because they can earn rewards while trading their assets.
