Yield Farming Parties
Pool your funds to yield more!

What are Yield Farming Parties?

Yield farming with pooled funds can be more rewarding than farming on your own. Yield farming protocols incentivize liquidity providers (LP) to stake their cryptocurrency in a smart contract-based liquidity pool. This is usually done with paired assets. These rewards can be a percentage of transaction fees, interest from lenders or a governance token. These returns are expressed as an annual percentage yield (APY). As more investors add funds to the related liquidity pool, the value of the issued returns rise in value.

Polkaparty and Farming

Many liquidity related pools take into account factors such as time and amount staked. For example, a wallet can make exponentially more rewards if they provid more LP for the respective farm. Thus, it is more beneficial to form party of LP providers rather than a sole individual lending on their own. Polkaparty provides a mutually beneficial relationship to these farming platforms since larger amounts of liquidity will be provided.

Relationship between Parties and Yield Farming

In the future we expect new projects will approach yield farming parties in order to launch on DEXs and similar platforms. This is the a core advantage of Polkaparty, third parties recruiting parties to assist one another in cryptocurrency adoption.
Last modified 1mo ago